206 Acorn Dr · Lafayette, LA 70507

$59,999

3 bd · 2.0 ba · 2,047 sqft · Other public records · 192 Days on market

Built 1967 0.29 ac lot $29/sqft · 2449% above area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors !! or buyers that want to built a new house in this beautiful subdivision. This house has no value but the lot yes!! as it is in a nice subdivision where you can built your dream home. It has a large shed building where you can put a lot of things inside of it. Although the house is totally destroyed if you come to see the neighborhood you will love to redo this house and make it your own or if you want to do a new house and sell it, the new house that you can do is going to sell fast as the houses around this destroyed house are so beautiful and the best of all is that it is not in Flood Zone! that is a plus !! Come see the house and you will love the subdivision!!!

Key facts

• Large shed building
• 0.29 acre lot
• 4 parking spots

Tags

• LARGE SHED BUILDING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $60k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 28.6% vs local median 4.7% in Lafayette — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#63 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, employment C-, crime F.
• Lafayette Parish (urban): math 38% / reading 46% proficiency, ranked #19 of 98 in LA (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 324 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 86% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 35% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lafayette County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $8k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $60k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,799 (12.0% below list)

Questions for the listing agent

1. It's been on market 192 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.14% ✓
• Cap rate: 28.63%
• Cash-on-cash: 79.76%
• DSCR: 4.55
• GRM: 2.7

CMA / ARV

• ARV (median comp): $1,788
• List price: $59,999
• Delta: 3254.83%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 79.9%
• Equity multiple: 4.65×
• Total profit: $61,397
• Equity at exit: $8,946

10-year hold

• IRR: 83.4%
• Equity multiple: 9.63×
• Total profit: $145,043
• Equity at exit: $5,188

Cash invested: $16,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70507

• Home prices YoY: -20.6%
• Active inventory: 324
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,882 high
• Mortgage (P&I): −$315
• Tax from tax record: −$30 /mo · $364/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $1,117

Break-even live

Break-even rent $468

Max offer price $59,999

Occupancy floor 36%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
206 Teddy Ln Lafayette, LA	4.0	2.5	1788	$1,945	$1.09	43d	1	0.06mi
202 Teddy Ln Lafayette, LA	4.0	2.5	1788	$1,945	$1.09	20d	1	0.06mi
105 Salvat Dr Lafayette, LA	3.0	2.0	1593	$1,740	$1.09	43d	1	0.08mi
111 Salvat Dr Lafayette, LA	4.0	2.5	1788	$1,945	$1.09	43d	1	0.08mi
104 Foggy Ln Lafayette, LA	3.0	2.0	1564	$1,735	$1.11	43d	1	0.12mi
301 Nottingham Cir Lafayette, LA	3.0	2.5	1833	$1,600	$0.87	43d	1	0.72mi
206 Chestnut Oak Dr Lafayette, LA	4.0	2.0	1836	$2,000	$1.09	43d	1	0.83mi

Listing history 14 events

1. 2026-06-18
   days on market $59,999 Active 192 DOM
2. 2026-06-17
   days on market $59,999 Active 191 DOM
3. 2026-06-16
   days on market $59,999 Active 190 DOM
4. 2026-06-15
   days on market $59,999 Active 189 DOM
5. 2026-06-14
   days on market $59,999 Active 187 DOM
6. 2026-06-13
   days on market $59,999 Active 186 DOM
7. 2026-05-31
   days on market $59,999 Active 185 DOM
8. 2026-05-30
   days on market $59,999 Active 184 DOM
9. 2026-03-27
   price $59,999 702-char remark

   Show marketing remark (702 chars)

   Calling all investors !! or buyers that want to built a new house in this beautiful subdivision. This house has no value but the lot yes!! as it is in a nice subdivision where you can built your dream home. It has a large shed building where you can put a lot of things inside of it. Although the house is totally destroyed if you come to see the neighborhood you will love to redo this house and make it your own or if you want to do a new house and sell it, the new house that you can do is going to sell fast as the houses around this destroyed house are so beautiful and the best of all is that it is not in Flood Zone! that is a plus !! Come see the house and you will love the subdivision!!!

10. 2025-11-27
    listed $68,000 Active 702-char remark

    Show marketing remark (702 chars)

    Calling all investors !! or buyers that want to built a new house in this beautiful subdivision. This house has no value but the lot yes!! as it is in a nice subdivision where you can built your dream home. It has a large shed building where you can put a lot of things inside of it. Although the house is totally destroyed if you come to see the neighborhood you will love to redo this house and make it your own or if you want to do a new house and sell it, the new house that you can do is going to sell fast as the houses around this destroyed house are so beautiful and the best of all is that it is not in Flood Zone! that is a plus !! Come see the house and you will love the subdivision!!!

11. 2025-04-04
    soldstatus $34,000
12. 2023-12-22
    soldstatus $255,960 Sold 704-char remark

    Show marketing remark (704 chars)

    Awesome Builder Rate Incentives + FREE Refrigerator! (Restrictions apply) Backs to Pond - Brand NEW Construction is the Brand NEW DSLD Homes community of Oak Villas! This YARDLEY III A has an open floor plan with an upgraded cabinet package, framed bathroom mirrors & more. Special features include: granite counters, energy efficient electric range, dishwasher & microwave hood, kitchen island, vinyl plank flooring in great room, halls and all wet areas, LED lighting throughout, garden tub, separate shower & walk-in closet in primary bedroom, smart connect Wi-Fi thermostat, low E tilt-in windows, radiant barrier roof decking, fully sodded yard with seasonal landscaping & much more!

13. 2023-10-09
    status Pending 704-char remark

    Show marketing remark (704 chars)

    Awesome Builder Rate Incentives + FREE Refrigerator! (Restrictions apply) Backs to Pond - Brand NEW Construction is the Brand NEW DSLD Homes community of Oak Villas! This YARDLEY III A has an open floor plan with an upgraded cabinet package, framed bathroom mirrors & more. Special features include: granite counters, energy efficient electric range, dishwasher & microwave hood, kitchen island, vinyl plank flooring in great room, halls and all wet areas, LED lighting throughout, garden tub, separate shower & walk-in closet in primary bedroom, smart connect Wi-Fi thermostat, low E tilt-in windows, radiant barrier roof decking, fully sodded yard with seasonal landscaping & much more!

14. 2023-10-02
    listed $253,475 Active 704-char remark

    Show marketing remark (704 chars)

    Awesome Builder Rate Incentives + FREE Refrigerator! (Restrictions apply) Backs to Pond - Brand NEW Construction is the Brand NEW DSLD Homes community of Oak Villas! This YARDLEY III A has an open floor plan with an upgraded cabinet package, framed bathroom mirrors & more. Special features include: granite counters, energy efficient electric range, dishwasher & microwave hood, kitchen island, vinyl plank flooring in great room, halls and all wet areas, LED lighting throughout, garden tub, separate shower & walk-in closet in primary bedroom, smart connect Wi-Fi thermostat, low E tilt-in windows, radiant barrier roof decking, fully sodded yard with seasonal landscaping & much more!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast LA · Resets to sale price

• Current annual tax: $364 · $30/mo
• Projected year-2 tax: $364 · $30/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,582
• − Mortgage interest: −$3,361
• − Property taxes: −$364
• − Insurance: −$300
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − Depreciation: −$1,745
• Taxable income: $13,198
• Est. tax owed @ 24.0%: −$3,168
• After-tax cash flow: $10,232/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lafayette Parish
• NCES district ID: 2200870
• Math proficiency: 38% ▼ -32.00%
• Reading proficiency: 46% ▼ -24.00%
• Median HH income: $50,238
• Composite: 36.15/100
• National rank: #4741
• State rank: #19 of 98 in LA

Livability — Lafayette

• Score: 70/100
• State rank: #63
• US rank: #8133

Category grades

Amenities C- Commute F Cost of living A+ Crime F Employment C- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lafayette, LA
• County: Lafayette Parish · 207,544 people
• City population: 158,114
• Metro: Lafayette, LA
• Population (ZIP): 20,096
• Household income: $64,049
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 503.0

Population outlook (Lafayette County) Hauer SSP2

• Today (2025): 280,930 people
• By 2030: 301,092 · +7.2%
• By 2040: 339,456 · +20.8%
• By 2050: 375,156 · +33.5%
• By 2075: 451,672 · +60.8%
• By 2100: 497,203 · +77.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 47% White 45% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Lithuanian 15%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · French/Haitian/Cajun 4% Spanish 2%

Political lean MEDSL · Lafayette

• 2024 margin: Solid R (+31.4) · D 33.5% · R 64.8% · Other 1.7%
• 2008→2024 swing: -0.1pp no change · 2008: -31.3pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+28.7 2016: R+33.6 2012: R+33.7 2008: R+31.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.84%
• Current HPI: 156.889
• Rent YoY: —
• Metro: Lafayette, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

-76.3% since first listed

6 events — show timeline

• 2026-03-27 Price Changed $59,999 AcadianaMLS
• 2025-11-27 Listed $68,000 AcadianaMLS
• 2025-04-04 Sold (Public Records) $34,000 Public Records
• 2023-12-22 Sold (MLS) $255,960 AcadianaMLS
• 2023-10-09 Pending — AcadianaMLS
• 2023-10-02 Listed $253,475 AcadianaMLS

Property tax history

+2.0%/yr

Latest (2025): $364 · -1.1% YoY. Source: county tax records.