202 Red Pine Dr · Lafayette, LA 70501

$225,500

4 bd · 2.0 ba · 1,682 sqft · SingleFamily · 85 Days on market

Excellent condition 6,098 sqft lot Garage $33/mo HOA · 1% of rent

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Why this score? — see what drove the C- 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 +20.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +5.5/10.0
• Condition / age +5.0/5.0
• Rent growth +4.3/5.0
• Livability +3.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Experience the Fallon! This 4 bed, 2 bath home can be found Cedar Creek in Lafayette, Louisiana. This thoughtfully designed plan offers a functional and comfortable layout ideal for modern living. At the heart of the home is an open concept living area that seamlessly connects to the dining area and kitchen, creating an inviting space for entertainment and everyday living. The kitchen is efficiently laid out with generous counter space, center island, a pantry for extra storage, and stainless-steel appliances. A dedicated utility room adds practicality with space for laundry and household organization. The primary bedroom is privately situated and includes a spacious walk-in closet and an en-suite bath with ample room. The 3 additional bedrooms are grouped together on the opposite side of the home, conveniently located near a shared full bathroom. The exterior of the home boasts a welcoming front porch that enhances curb appeal, a fully sodded yard and 1-car garage which provides secure parking and additional storage. The covered patio extends the living space outdoors. To top it off the Fallon plan comes equipped with Smart Home technology, our unrivaled warranties, and an Energy Star Certification, for peace of mind. Stop by Cedar Creek for your guided tour of the Fallon plan today!

Key facts

• 6,098 sq ft lot
• Garage
• Listed 84 days

Tags

• CEDAR CREEK COMMUNITY
• NEAR LOUISIANA AVENUE
• MINUTES FROM 2 CHARTER SCHOOLS
• EASY ACCESS TO MAJOR EMPLOYERS
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO DINING

🏗️ New construction. The $225,500 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $257,263.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $226k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $226k).
• Recommended offer: $212k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 4.8% 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.
• Zoned schools: Evangeline Elementary School (math 20% / reading 33%, grade F, #372 of 646 statewide, top 58%, 613 students, 84% FRL); Acadian Middle School (math 13% / reading 27%, grade F, #166 of 218 statewide, top 76%, 372 students, 74% FRL); Northside High School (math 17% / reading 22%, grade F, #186 of 265 statewide, top 73%, 655 students, 83% FRL) — zoned schools average 80% FRL vs 56% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 22% at this address vs 42% district-wide (-20 pts) — the specific schools serving this property underperform the Lafayette Parish average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+7.3%/yr); 343 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• At $2,698/mo this rent would consume 97% of the median local household income ($33k/yr) (locally 18% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 + 7.3% rent growth), your $72k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,970 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.05% ✓
• Cap rate: 7.79%
• Cash-on-cash: 5.34%
• DSCR: 1.24
• GRM: 7.9

CMA / ARV

• ARV (median comp): $257,263
• List price: $225,500
• Delta: -12.35%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
335 White Pine Dr	0.17mi	4/2.0	1,704 (+1%)	4mo	$237,000	$139	86
423 Starlight Dr	0.33mi	4/2.0	1,700 (+1%)	4mo	$230,000	$135	80
336 White Pine Dr	0.16mi	3/2.0 (-1)	1,616 (-4%)	6mo	$242,000	$150	76
319 White Pine Dr	0.17mi	3/2.0 (-1)	1,613 (-4%)	6mo	$235,500	$146	75
333 White Pine Dr	0.17mi	3/2.0 (-1)	1,613 (-4%)	6mo	$235,000	$146	75
340 White Pine Dr	0.17mi	4/2.0	1,874 (+11%)	2mo	$246,500	$132	71
1104 E Alexander St	0.41mi	3/2.0 (-1)	1,713 (+2%)	3mo	$175,000	$102	70
323 White Pine Dr	0.17mi	4/2.0	1,874 (+11%)	4mo	$249,000	$133	70
328 White Pine Dr	0.17mi	4/2.0	1,874 (+11%)	4mo	$254,500	$136	70
304 Norman Dr	0.59mi	3/2.0 (-1)	1,795 (+7%)	1mo	$235,000	$131	55
216 Begnaud Dr	0.66mi	3/2.0 (-1)	1,607 (-4%)	2mo	$225,000	$140	55
106 Kingswood Dr	0.74mi	3/2.0 (-1)	1,576 (-6%)	6mo	$169,000	$107	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 7.35% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.88×
• Total profit: $-8,879
• Equity at exit: $38,359

10-year hold

• IRR: 11.0%
• Equity multiple: 2.03×
• Total profit: $74,151
• Equity at exit: $22,243

Cash invested: $72,034 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 24 active · 21 under contract
• Months of supply: 9.0 mo (11%/mo absorbed)
• Median asking: $234,250 ($135/sqft)
• Median days on market: 143 d
• This list price: 42% of active listings are priced below it
• ARV vs active asking: +13.4% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70501

• Rents YoY: 7.3%
• Active inventory: 343
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,698 high
• Mortgage (P&I): −$1,349
• Tax est. 1.5%: −$322 /mo · $3,859/yr
• Insurance: −$107
• HOA: −$33
• Vacancy / Maint / Mgmt: −$567
• Net cashflow: $321

Break-even live

Break-even rent $2,292

Max offer price $257,263

Occupancy floor 83%

Sensitivity live

Price	-10% $498	-5% $410	+0% $321	+5% $232	+10% $143
Rent	-10% $107	-5% $214	+0% $321	+5% $427	+10% $534
Rate	-1.0pp $450	-0.5pp $386	base $321	+0.5pp $254	+1.0pp $186

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: $64,316
• Closing costs: $7,718
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Red Pine Dr Lafayette, LA	4.0	3.0	2087	$4,000	$1.92	0d	1	0.12mi
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	0d	1	0.40mi
121 Rue Viansa Lafayette, LA	4.0	2.0	1684	$1,950	$1.16	0d	1	0.48mi
2820 Louisiana Ave Lafayette, LA	1.0–3.0	1.0–2.0	876	$1,145	$1.31	0d	22	0.89mi
245 Sherwood Dr Lafayette, LA	3.0	1.0	1299	$1,195	$0.92	6d	1	1.21mi
126 Sherwood Dr Lafayette, LA	3.0	1.0	1200	$1,100	$0.92	0d	1	1.41mi

Property features AI

Finance

• HOA & community: Has associationAnnual association fee of 400Association provides managementCommunity playground

Exterior

• Parking: 1 covered parking space1 total parking spaceHas garage (1-car)
• Utilities: Gas service: AtmosPublic sewer
• Home design: Single family residenceUnder constructionPaved road frontage
• Construction: Brick veneerVinyl sidingFrame constructionComposition roof
• Exterior features: Outdoor lightingCovered porch

Interior

• Kitchen: DishwasherDisposalMicrowaveGas stove/oven
• Flooring: CarpetTileWood laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas)Central air conditioning
• Interior features: Kitchen islandVaried ceiling heightsWalk-in pantryWalk-in closet(s)Granite countersDouble pane windows
• Laundry & utility: Washer hookupElectric dryer hookup

Listing history 50 events

1. 2026-09-24
   days on market $225,500 Active 85 DOM
2. 2026-09-24
   days on market $225,500 Active 84 DOM
3. 2026-09-22
   days on market $225,500 Active 83 DOM
4. 2026-09-21
   days on market $225,500 Active 82 DOM
5. 2026-09-20
   days on market $225,500 Active 81 DOM
6. 2026-09-19
   days on market $225,500 Active 80 DOM
7. 2026-09-18
   days on market $225,500 Active 79 DOM
8. 2026-09-17
   days on market $225,500 Active 78 DOM
9. 2026-09-16
   days on market $225,500 Active 77 DOM
10. 2026-09-15
    days on market $225,500 Active 76 DOM
11. 2026-09-14
    days on market $225,500 Active 75 DOM
12. 2026-09-13
    days on market $225,500 Active 74 DOM
13. 2026-09-12
    days on market $225,500 Active 73 DOM
14. 2026-09-11
    statusdays on market $225,500 Active 72 DOM
15. 2026-08-25
    status $225,500 Pending 69 DOM
16. 2026-08-24
    days on market $225,500 Active 69 DOM
17. 2026-08-23
    days on market $225,500 Active 68 DOM
18. 2026-08-22
    days on market $225,500 Active 67 DOM
19. 2026-08-21
    days on market $225,500 Active 66 DOM
20. 2026-08-20
    days on market $225,500 Active 65 DOM
21. 2026-08-19
    days on market $225,500 Active 64 DOM
22. 2026-08-18
    days on market $225,500 Active 63 DOM
23. 2026-08-17
    days on market $225,500 Active 62 DOM
24. 2026-08-16
    days on market $225,500 Active 61 DOM
25. 2026-08-15
    days on market $225,500 Active 60 DOM
26. 2026-08-14
    days on market $225,500 Active 59 DOM
27. 2026-08-13
    days on market $225,500 Active 58 DOM
28. 2026-08-12
    days on market $225,500 Active 57 DOM
29. 2026-08-11
    days on market $225,500 Active 56 DOM
30. 2026-08-10
    days on market $225,500 Active 55 DOM
31. 2026-08-09
    days on market $225,500 Active 54 DOM
32. 2026-08-08
    days on market $225,500 Active 53 DOM
33. 2026-08-07
    days on market $225,500 Active 52 DOM
34. 2026-08-06
    days on market $225,500 Active 51 DOM
35. 2026-08-05
    days on market $225,500 Active 50 DOM
36. 2026-08-04
    days on market $225,500 Active 49 DOM
37. 2026-08-03
    days on market $225,500 Active 48 DOM
38. 2026-07-31
    days on market $225,500 Active 45 DOM
39. 2026-07-30
    days on market $225,500 Active 44 DOM
40. 2026-07-29
    days on market $225,500 Active 43 DOM
41. 2026-07-27
    days on market $225,500 Active 41 DOM
42. 2026-07-23
    days on market $225,500 Active 37 DOM
43. 2026-07-22
    days on market $225,500 Active 36 DOM
44. 2026-07-21
    days on market $225,500 Active 35 DOM
45. 2026-07-18
    days on market $225,500 Active 32 DOM
46. 2026-07-16
    days on market $225,500 Active 30 DOM
47. 2026-07-16
    days on market $225,500 Active 29 DOM
48. 2026-07-14
    days on market $225,500 Active 28 DOM
49. 2026-07-13
    days on market $225,500 Active 27 DOM
50. 2026-07-12
    days on market $225,500 Active 26 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 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: $32,378
• − Mortgage interest: −$14,411
• − Property taxes: −$3,859
• − Insurance: −$1,286
• − Repairs & maintenance: −$2,590
• − Management: −$2,590
• − HOA: −$396
• − Depreciation: −$7,484
• Taxable loss: −$239
• Est. tax savings @ 24.0%: +$57
• After-tax cash flow: $3,905/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.

Condition & rehab AI · 1 photo

Excellent 100/100 None rehab

This single-family home in Lafayette, Louisiana, is in excellent condition with a well-maintained exterior and landscaping. It offers a good investment opportunity with potential for value enhancement through interior updates.

Value-add opportunities

• Both Paint interior walls and trim — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Install new flooring in kitchen and bathrooms — New flooring improves functionality and appearance ↑
• Both Upgrade HVAC system — Modern HVAC system improves comfort and energy efficiency ↑

F Composite school gradezoned avg 22/100

Zoned Schools

Elementary Evangeline Elementary School F LA #372/646 Nat'l #29,439/41,679 Middle Acadian Middle School F LA #166/218 Nat'l #11,652/14,009 High Northside High School F LA #186/265 Nat'l #14,491/17,239

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

B Composite livability gradescore 70/100

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 · 280,930 people
• City population: 158,114
• Metro: Lafayette, LA
• Population (ZIP): 26,465
• Household income: $33,365
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 18% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (73%)
• Race & ethnicity: Black 73% White 18% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 4%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 2%

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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: ▼ -108.63%
• Current HPI: 81.2963
• Rent YoY: ▲ 7.35%
• Metro: Lafayette, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

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Industry mix (Fortune 500 HQ in LA)

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

Property features AI

Finance

• HOA & community: Has associationAnnual association fee of 400Association provides managementCommunity playground

Exterior

• Parking: 1 covered parking space1 total parking spaceHas garage (1-car)
• Utilities: Gas service: AtmosPublic sewer
• Home design: Single family residenceUnder constructionPaved road frontage
• Construction: Brick veneerVinyl sidingFrame constructionComposition roof
• Exterior features: Outdoor lightingCovered porch

Interior

• Kitchen: DishwasherDisposalMicrowaveGas stove/oven
• Flooring: CarpetTileWood laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas)Central air conditioning
• Interior features: Kitchen islandVaried ceiling heightsWalk-in pantryWalk-in closet(s)Granite countersDouble pane windows
• Laundry & utility: Washer hookupElectric dryer hookup

Price history

+0.0% since first listed

2 events — show timeline

• 2026-06-17 Listed $225,500 Zillow
• 2026-06-16 Listed $225,500 AcadianaMLS