202 Red Pine Dr · Lafayette, LA 70501

$223,500

4 bd · 2.0 ba · 1,682 sqft · SingleFamily · 16 Days on market

Excellent condition 6,098 sqft lot Garage $133/sqft · 10% below area Est $248k · 10% under $33/mo HOA · 1% of rent

---

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 +26.9/30.0
• ARV discount +12.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.4/10.0
• 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 at 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

• Tile backsplash
• Walk-in pantry
• 6,098 sq ft lot

Tags

• CEDAR CREEK COMMUNITY
• MODERN OPEN FLOOR PLAN
• GRANITE ISLAND AND COUNTERTOPS
• TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES
• WALK-IN PANTRY

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $224k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $619 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $224k).
• Recommended offer: $220k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.9% 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); 406 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 11d 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 $2,781/mo this rent would consume 100% 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 $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 $63k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 5 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 $220,147 (1.5% below list)

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: 1.24% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.87%
• DSCR: 1.53
• GRM: 6.7

CMA / ARV

• ARV (median comp): $248,406
• List price: $223,500
• Delta: -10.03%
• 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
205 Red Pine Dr	0.02mi	4/2.0	1,605 (-5%)	1mo	$220,500	$137	90
338 White Pine Dr	0.16mi	4/2.0	1,706 (+1%)	1mo	$240,000	$141	89
335 White Pine Dr	0.17mi	4/2.0	1,704 (+1%)	5mo	$237,000	$139	85
345 White Pine Dr	0.17mi	3/2.0 (-1)	1,613 (-4%)	0mo	$239,500	$148	80
423 Starlight Dr	0.33mi	4/2.0	1,700 (+1%)	5mo	$230,000	$135	79
319 White Pine Dr	0.17mi	3/2.0 (-1)	1,613 (-4%)	7mo	$235,500	$146	74
340 White Pine Dr	0.17mi	4/2.0	1,874 (+11%)	3mo	$246,500	$132	70
1104 E Alexander St	0.41mi	3/2.0 (-1)	1,713 (+2%)	4mo	$175,000	$102	69
323 White Pine Dr	0.17mi	4/2.0	1,874 (+11%)	5mo	$249,000	$133	68
328 White Pine Dr	0.17mi	4/2.0	1,874 (+11%)	5mo	$254,500	$136	68
304 Norman Dr	0.59mi	3/2.0 (-1)	1,795 (+7%)	3mo	$235,000	$131	54
216 Begnaud Dr	0.66mi	3/2.0 (-1)	1,607 (-4%)	4mo	$225,000	$140	54

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: 6.2%
• Equity multiple: 1.26×
• Total profit: $15,987
• Equity at exit: $33,325

10-year hold

• IRR: 19.2%
• Equity multiple: 2.95×
• Total profit: $121,988
• Equity at exit: $19,324

Cash invested: $62,580 (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 · 22 under contract
• Months of supply: 7.2 mo (14%/mo absorbed)
• Median asking: $232,500 ($134/sqft)
• Median days on market: 117 d
• This list price: 29% of active listings are priced below it
• ARV vs active asking: +10.6% 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: 406
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,781 high
• Mortgage (P&I): −$1,172
• Tax est. 1.5%: −$279 /mo · $3,352/yr
• Insurance: −$93
• HOA: −$33
• Vacancy / Maint / Mgmt: −$584
• Net cashflow: $619

Break-even live

Break-even rent $1,997

Max offer price $223,500

Occupancy floor 73%

Sensitivity live

Price	-10% $774	-5% $696	+0% $619	+5% $542	+10% $465
Rent	-10% $400	-5% $509	+0% $619	+5% $729	+10% $839
Rate	-1.0pp $732	-0.5pp $676	base $619	+0.5pp $561	+1.0pp $502

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: $55,875
• Closing costs: $6,705
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 15 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	15d	1	0.12mi
109 Red Pine Dr Lafayette, LA	4.0	3.0	2087	$4,000	$1.92	2d	1	0.12mi
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	0d	1	0.40mi
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	15d	1	0.40mi
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	5d	1	0.40mi
121 Rue Viansa Lafayette, LA	4.0	3.0	1684	$1,925	$1.14	0d	1	0.48mi
121 Rue Viansa Lafayette, LA	4.0	2.0	1684	$1,925	$1.14	7d	1	0.48mi
309 Norman Dr Lafayette, LA	3.0	2.0	1926	$2,050	$1.06	36d	1	0.62mi
510 Winnipeg Ave Lafayette, LA	3.0	2.0	1700	$1,950	$1.15	12d	1	0.76mi
510 Winnipeg Ave Lafayette, LA	3.0	2.0	1700	$1,950	$1.15	0d	1	0.76mi
2820 Louisiana Ave Lafayette, LA	1.0–3.0	1.0–2.0	876	$1,145	$1.31	36d	22	0.89mi
245 Sherwood Dr Lafayette, LA	3.0	1.0	1299	$1,195	$0.92	51d	1	1.21mi
113 Fred St Lafayette, LA	4.0	1.5	1670	$1,100	$0.66	10d	1	1.35mi
153 Sherwood Dr Lafayette, LA	3.0	2.0	1110	$1,200	$1.08	14d	1	1.36mi
126 Sherwood Dr Lafayette, LA	3.0	1.0	1200	$1,100	$0.92	10d	1	1.41mi

Property features AI

Finance

• HOA & community: Annual association fee of $400, including managementCommunity playground

Exterior

• Parking: 1 garage spaceGarage door opener
• Utilities: Public waterPublic sewerCable available
• Home design: Single-family residenceOne storyTraditional style
• Construction: Post-tension foundationComposition roof
• Exterior features: Exterior lightingLevel lot

Interior

• Kitchen: Kitchen islandDisposalDishwasherGas rangeMicrowaveGas stove connection
• Flooring: CarpetLaminateTileWood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingNatural gas heatingCentral air
• Interior features: PantryWalk-in closetVaried ceiling heightsDouble-pane windows
• Laundry & utility: Electric dryer hookupWasher hookup

Listing history 50 events

1. 2026-11-08
   days on market $223,500 Active 16 DOM
2. 2026-11-07
   days on market $223,500 Active 15 DOM
3. 2026-11-06
   days on market $223,500 Active 14 DOM
4. 2026-11-05
   days on market $223,500 Active 13 DOM
5. 2026-11-04
   days on market $223,500 Active 12 DOM
6. 2026-11-02
   days on market $223,500 Active 10 DOM
7. 2026-11-01
   days on market $223,500 Active 9 DOM
8. 2026-10-31
   days on market $223,500 Active 8 DOM
9. 2026-10-30
   days on market $223,500 Active 7 DOM
10. 2026-10-29
    days on market $223,500 Active 6 DOM
11. 2026-10-28
    days on market $223,500 Active 5 DOM
12. 2026-10-27
    pricedays on market $223,500 Active 4 DOM
13. 2026-10-26
    days on market $225,500 Active 3 DOM
14. 2026-10-25
    days on marketlisting id $225,500 Active 2 DOM
15. 2026-10-24
    days on market $225,500 Active 115 DOM
16. 2026-10-23
    days on market $225,500 Active 114 DOM
17. 2026-10-22
    days on market $225,500 Active 113 DOM
18. 2026-10-21
    days on market $225,500 Active 112 DOM
19. 2026-10-20
    days on market $225,500 Active 111 DOM
20. 2026-10-19
    days on market $225,500 Active 110 DOM
21. 2026-10-18
    days on market $225,500 Active 109 DOM
22. 2026-10-17
    days on market $225,500 Active 108 DOM
23. 2026-10-16
    days on market $225,500 Active 107 DOM
24. 2026-10-15
    days on market $225,500 Active 106 DOM
25. 2026-10-14
    days on market $225,500 Active 105 DOM
26. 2026-10-13
    days on market $225,500 Active 104 DOM
27. 2026-10-12
    days on market $225,500 Active 103 DOM
28. 2026-10-11
    days on market $225,500 Active 102 DOM
29. 2026-10-10
    days on market $225,500 Active 101 DOM
30. 2026-10-09
    days on market $225,500 Active 100 DOM
31. 2026-10-08
    days on market $225,500 Active 99 DOM
32. 2026-10-07
    days on market $225,500 Active 98 DOM
33. 2026-10-06
    days on market $225,500 Active 97 DOM
34. 2026-10-05
    days on market $225,500 Active 96 DOM
35. 2026-10-04
    days on market $225,500 Active 95 DOM
36. 2026-10-03
    days on market $225,500 Active 94 DOM
37. 2026-10-03
    days on market $225,500 Active 93 DOM
38. 2026-10-01
    days on market $225,500 Active 92 DOM
39. 2026-09-30
    days on market $225,500 Active 91 DOM
40. 2026-09-29
    days on market $225,500 Active 90 DOM
41. 2026-09-28
    days on market $225,500 Active 89 DOM
42. 2026-09-27
    days on market $225,500 Active 88 DOM
43. 2026-09-26
    days on market $225,500 Active 87 DOM
44. 2026-09-25
    days on market $225,500 Active 86 DOM
45. 2026-09-24
    days on market $225,500 Active 85 DOM
46. 2026-09-24
    days on market $225,500 Active 84 DOM
47. 2026-09-22
    days on market $225,500 Active 83 DOM
48. 2026-09-21
    days on market $225,500 Active 82 DOM
49. 2026-09-20
    days on market $225,500 Active 81 DOM
50. 2026-09-19
    days on market $225,500 Active 80 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: $33,369
• − Mortgage interest: −$12,519
• − Property taxes: −$3,352
• − Insurance: −$1,118
• − Repairs & maintenance: −$2,669
• − Management: −$2,669
• − HOA: −$396
• − Depreciation: −$6,502
• Taxable income: $4,142
• Est. tax owed @ 24.0%: −$994
• After-tax cash flow: $6,436/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

---

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%
• 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

Property features AI

Finance

• HOA & community: Annual association fee of $400, including managementCommunity playground

Exterior

• Parking: 1 garage spaceGarage door opener
• Utilities: Public waterPublic sewerCable available
• Home design: Single-family residenceOne storyTraditional style
• Construction: Post-tension foundationComposition roof
• Exterior features: Exterior lightingLevel lot

Interior

• Kitchen: Kitchen islandDisposalDishwasherGas rangeMicrowaveGas stove connection
• Flooring: CarpetLaminateTileWood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingNatural gas heatingCentral air
• Interior features: PantryWalk-in closetVaried ceiling heightsDouble-pane windows
• Laundry & utility: Electric dryer hookupWasher hookup

Price history

+0.0% since first listed

7 events — show timeline

• 2026-09-09 Relisted — Zillow
• 2026-09-08 Relisted — AcadianaMLS
• 2026-08-25 Delisted — Zillow
• 2026-08-24 Pending — AcadianaMLS
• 2026-06-17 Listed $225,500 Zillow
• 2026-06-16 Listed $225,500 ROAM MLS
• 2026-06-16 Listed $225,500 AcadianaMLS