202 Red Pine Dr · Lafayette, LA 70501

$225,500

4 bd · 2.0 ba · 1,682 sqft · SingleFamily · 2 Days on market

Excellent condition 6,098 sqft lot $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 +21.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.8/10.0
• Condition / age +5.0/5.0
• Rent growth +4.3/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Come by today to check out Cedar Creek, a new home community in Lafayette, Louisiana! This popular Lafayette Community, now in its second phase, is conveniently located near Louisiana Avenue and is a short way away from David Thibodeaux STEM Magnet Academy and Acadiana Park. Venture a little further and you're only minutes from 7 Different Private Schools, 2 Charter Schools, the University of Louisiana of Lafayette, and the beautiful Downtown Lafayette. Living here, you will enjoy a sense of community with easy access to many major employers, shopping, dining, and entertainment. While Lafayette has something for everyone to enjoy, it is especially known for its bright culture and delicious

Key facts

• 6,098 sq ft lot
• Garage
• Listed 2 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

Property features AI

Finance

• Other: Community playground
• HOA & community: Homeowners association with professional management; Annual association fee of 400

Exterior

• Parking: 2 covered parking spaces; 2 total parking spaces; Has garage
• Utilities: Gas service: Atmos; Public sewer
• Home design: Single family residence; Under construction; Paved road frontage
• Construction: Brick veneer and vinyl siding over frame; Composition roof
• Exterior features: Covered porch; Exterior lighting

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Gas stove/oven
• Flooring: Carpet; Tile; Wood laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Central heating (natural gas)
• Interior features: Kitchen island; Varied ceiling heights; Walk-in pantry; Walk-in closet(s); Granite counters; Double pane windows; Lighting
• Laundry & utility: Washer hookup; Electric dryer hookup

🏗️ New construction. The $225,500 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $233,798.

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 $340 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $226k).
• Cap rate 8.0% 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.
• 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); 246 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• At $2,517/mo this rent would consume 91% of the median local household income ($33k/yr) (locally 2089% 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 $7k 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 $65k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

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 $225,500

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.08% ✓
• Cap rate: 8.04%
• Cash-on-cash: 6.23%
• DSCR: 1.28
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $233,798
• Comps found: 12

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%)	1mo	$237,000	$139	89
423 Starlight Dr	0.33mi	4/2.0	1,700 (+1%)	0mo	$230,000	$135	83
336 White Pine Dr	0.16mi	3/2.0 (-1)	1,616 (-4%)	3mo	$242,000	$150	78
319 White Pine Dr	0.17mi	3/2.0 (-1)	1,613 (-4%)	2mo	$235,500	$146	78
333 White Pine Dr	0.17mi	3/2.0 (-1)	1,613 (-4%)	2mo	$235,000	$146	78
204 White Pine Dr	0.18mi	4/2.0	1,786 (+6%)	6mo	$236,000	$132	77
120 Red Pine Dr	0.05mi	4/2.0	1,874 (+11%)	6mo	$239,900	$128	73
323 White Pine Dr	0.17mi	4/2.0	1,874 (+11%)	1mo	$249,000	$133	72
328 White Pine Dr	0.17mi	4/2.0	1,874 (+11%)	1mo	$254,500	$136	72
334 White Pine Dr	0.16mi	3/2.0 (-1)	1,447 (-14%)	6mo	$228,000	$158	59
331 White Pine Dr	0.17mi	3/2.0 (-1)	1,447 (-14%)	6mo	$224,500	$155	58
106 Kingswood Dr	0.74mi	3/2.0 (-1)	1,576 (-6%)	2mo	$169,000	$107	48

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: -1.8%
• Equity multiple: 0.93×
• Total profit: $-4,699
• Equity at exit: $34,860

10-year hold

• IRR: 12.1%
• Equity multiple: 2.16×
• Total profit: $75,617
• Equity at exit: $20,215

Cash invested: $65,463 (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 70501

• Rents YoY: 7.3%
• Active inventory: 246
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,517 medium
• Mortgage (P&I): −$1,226
• Tax est. 1.5%: −$292 /mo · $3,507/yr
• Insurance: −$97
• HOA: −$33
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $340

Break-even live

Break-even rent $2,087

Max offer price $233,798

Occupancy floor 82%

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: $58,450
• Closing costs: $7,014
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Red Pine Dr Lafayette, LA	4.0	3.0	2087	$3,500	$1.68	13d	1	0.12mi
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	13d	1	0.40mi

HOA detail

• Monthly dues: $33 · $396/yr

Listing history 3 events

1. 2026-06-18
   days on market $225,500 Active 2 DOM
2. 2026-06-16
   remarks 699-char remark
3. 2026-06-16
   listed $225,500 Active 1 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: $30,203
• − Mortgage interest: −$13,096
• − Property taxes: −$3,507
• − Insurance: −$1,169
• − Repairs & maintenance: −$2,416
• − Management: −$2,416
• − HOA: −$396
• − Depreciation: −$6,801
• Taxable income: $400
• Est. tax owed @ 24.0%: −$96
• After-tax cash flow: $3,979/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

Renovation cost estimate screening

Value-add ROI direction

• 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 ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 26,465
• Household income: $33,365
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 2089.0

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: 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%

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

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

1 event — show timeline

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