423 Starlight Dr · Lafayette, LA 70501

$230,000

4 bd · 2.0 ba · 1,760 sqft · SingleFamily public records · 19 Days on market

Built 2021 Good condition 6,098 sqft lot $131/sqft · 15% below area Est $261k · 12% under $25/mo HOA · 1% of rent

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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 +24.8/30.0
• ARV discount +12.9/15.0
• DSCR +8.0/10.0
• 1% rule +5.9/10.0
• Rent growth +4.3/5.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This modern home on Starlight Drive offers contemporary living in a established area. Featuring fresh design and convenient location. Minutes from Northside High and Downtown Lafayette, this home offers both comfort and easy access to local amenities.

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Listed 19 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $230k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $484 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $230k).
• Recommended offer: $227k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.8% 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: 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 $64k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($227k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $226,550 (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: 1.09% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.02%
• DSCR: 1.40
• GRM: 7.6

CMA / ARV

• ARV (median comp): $261,271
• List price: $230,000
• Delta: -11.97%
• 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
423 Starlight Dr	0.00mi	4/2.0	1,700 (-3%)	0mo	$230,000	$135	94
335 White Pine Dr	0.20mi	4/2.0	1,704 (-3%)	1mo	$237,000	$139	85
204 White Pine Dr	0.18mi	4/2.0	1,786 (+2%)	6mo	$236,000	$132	84
323 White Pine Dr	0.20mi	4/2.0	1,874 (+6%)	1mo	$249,000	$133	79
328 White Pine Dr	0.20mi	4/2.0	1,874 (+6%)	1mo	$254,500	$136	79
325 White Pine Dr	0.20mi	4/2.0	1,836 (+4%)	7mo	$250,000	$136	78
120 Red Pine Dr	0.27mi	4/2.0	1,874 (+6%)	6mo	$239,900	$128	71
319 White Pine Dr	0.20mi	3/2.0 (-1)	1,613 (-8%)	2mo	$235,500	$146	70
333 White Pine Dr	0.20mi	3/2.0 (-1)	1,613 (-8%)	2mo	$235,000	$146	70
336 White Pine Dr	0.20mi	3/2.0 (-1)	1,616 (-8%)	3mo	$242,000	$150	69
102 Kingswood Dr	0.50mi	3/2.0 (-1)	1,775 (+1%)	4mo	$215,000	$121	67
106 Kingswood Dr	0.48mi	3/2.0 (-1)	1,576 (-10%)	2mo	$169,000	$107	53

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: 2.0%
• Equity multiple: 1.08×
• Total profit: $5,062
• Equity at exit: $34,294

10-year hold

• IRR: 15.3%
• Equity multiple: 2.49×
• Total profit: $95,690
• Equity at exit: $19,886

Cash invested: $64,400 (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: 7.6×

Monthly cashflow live

• Estimated rent: $2,517 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$177 /mo · $2,124/yr
• Insurance: −$96
• HOA: −$25
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $484

Break-even live

Break-even rent $1,904

Max offer price $230,000

Occupancy floor 76%

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
406 Starlight Dr Lafayette, LA	4.0	2.0	1867	$3,500	$1.87	13d	1	0.10mi
109 Red Pine Dr Lafayette, LA	4.0	3.0	2087	$3,500	$1.68	13d	1	0.19mi

HOA detail

• Monthly dues: $25 · $300/yr

Listing history 2 events

1. 2026-05-03
   status Pending 251-char remark

   Show marketing remark (251 chars)

   This modern home on Starlight Drive offers contemporary living in a established area. Featuring fresh design and convenient location. Minutes from Northside High and Downtown Lafayette, this home offers both comfort and easy access to local amenities.

2. 2026-04-13
   listed $230,000 Active 251-char remark

   Show marketing remark (251 chars)

   This modern home on Starlight Drive offers contemporary living in a established area. Featuring fresh design and convenient location. Minutes from Northside High and Downtown Lafayette, this home offers both comfort and easy access to local amenities.

ⓘ 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: $2,124 · $177/mo
• Projected year-2 tax: $2,124 · $177/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 6 d/yr ≥109°F today · 18 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: −$12,884
• − Property taxes: −$2,124
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,416
• − Management: −$2,416
• − HOA: −$300
• − Depreciation: −$6,691
• Taxable income: $2,221
• Est. tax owed @ 24.0%: −$533
• After-tax cash flow: $5,279/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 · 6 photos

Good 80/100 Cosmetic rehab

This modern home on Starlight Drive is in good condition with fresh paint and well-maintained landscaping. It offers a good investment opportunity with potential for both resale and rental value through minor updates.

Value-add opportunities

• Both Paint the exterior walls — Fresh paint enhances curb appeal and can increase both resale and rental value.
• Both Replace the front door — A new front door can improve the home's curb appeal and increase its value.
• Both Upgrade the kitchen appliances — Modern appliances can make the kitchen more appealing and increase its value for both resale and rental.
• Both Install new flooring in the living room — New flooring can make the living room more inviting and increase its value for both resale and rental.
• Both Add a smart home system — A smart home system can increase the home's appeal and value for both resale and rental by offering convenience and energy efficiency.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior walls — Fresh paint enhances curb appeal and can increase both resale and rental value. ↑
• Both Replace the front door — A new front door can improve the home's curb appeal and increase its value. ↑
• Both Upgrade the kitchen appliances — Modern appliances can make the kitchen more appealing and increase its value for both resale and rental. ↑
• Both Install new flooring in the living room — New flooring can make the living room more inviting and increase its value for both resale and rental. ↑
• Both Add a smart home system — A smart home system can increase the home's appeal and value for both resale and rental by offering convenience 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

2 events — show timeline

• 2026-05-03 Pending — AcadianaMLS
• 2026-04-13 Listed $230,000 AcadianaMLS

Property tax history

+111.0%/yr

Latest (2025): $2,124 · -1.1% YoY. Source: county tax records.