108 Thomas Nolan Dr · Lafayette, LA 70508

$199,900

3 bd · 2.0 ba · 1,442 sqft · SingleFamily public records · 5 Days on market

Built 1968 9,147 sqft lot Est $187k · 7% over

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Why this score? — see what drove the D 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 +15.3/30.0
• DSCR +4.7/10.0
• ARV discount +4.5/15.0
• Schools +3.6/10.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location between Broussard and Lafayette in established neighborhood. New floors in bedrooms & living room, freshly painted, HVAC changed in 2010. New fixtures, alarm system. Fenced in backyard, double carport & open floor plan.

Key facts

• Quartz countertops
• 12 x 20 shed
• New flooring

Tags

• UPDATED BATHROOMS
• QUARTZ COUNTERTOPS
• DECORATIVE EPOXY COUNTERS
• OPEN LAYOUT
• NEW FLOORING
• 12 X 20 SHED

Property features AI

Exterior

• Parking: Carport (2 covered spaces, total 2 parking spaces)
• Utilities: Public sewer; City electric
• Home design: Single family residence; City street frontage
• Construction: Brick veneer and wood siding with frame construction; Brick details; Composition roof
• Exterior features: Full wood fencing; Covered patio/porch; Shed(s)

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric stove/oven
• Flooring: Concrete; Laminate; Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Natural gas heating
• Interior features: Quartz counters; Other counters
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $73 ($876/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (15.3% below list).
• Recommended offer: $169k (15.3% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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: Ernest Gallet Elementary School (math 74% / reading 68%, grade A-, #23 of 646 statewide, top 4%, 702 students, 40% FRL); Broussard Middle School (math 38% / reading 51%, grade D, #49 of 218 statewide, top 23%, 581 students, 60% FRL); O. Comeaux High School (math 38% / reading 40%, grade F, #86 of 265 statewide, top 33%, 1,098 students, 56% FRL) — zoned schools at 52% FRL track the district average.
• Market conditions: Rents rising (+1.2%/yr); 471 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 20y ago 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.
• Current owner paid $154k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $169,249 (15.3% below list)

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 6.73%
• Cash-on-cash: 1.57%
• DSCR: 1.07
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $187,460
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
107 Brigante Pl	0.09mi	3/2.0	1,505 (+4%)	5mo	$187,000	$124	84
106 Patricia Ann Pl	0.05mi	3/2.0	1,591 (+10%)	8mo	$194,500	$122	74
102 Patricia Ann Pl	0.07mi	3/2.0	1,623 (+13%)	2mo	$220,500	$136	74
416 Hillbrooke Dr	0.70mi	3/2.0	1,466 (+2%)	1mo	$250,000	$171	64
102 Whipple Ave	0.26mi	4/2.0 (+1)	1,655 (+15%)	2mo	$208,000	$126	56
213 Lynn Dr	0.44mi	3/2.0	1,633 (+13%)	2mo	$190,000	$116	56
104 Lynn Dr	0.63mi	3/1.0	1,349 (-6%)	1mo	$110,000	$82	55
100 Newshire Dr	0.64mi	4/2.0 (+1)	1,512 (+5%)	4mo	$245,000	$162	53
805 W Monroe St	0.72mi	3/3.0	1,532 (+6%)	4mo	$190,000	$124	49
917 W Monroe St	0.67mi	2/2.0 (-1)	1,361 (-6%)	9mo	$177,000	$130	47
207 Fairwood Dr	0.63mi	3/2.0	1,650 (+14%)	6mo	$285,000	$173	41
201 Fairwood Dr	0.66mi	3/2.0	1,653 (+15%)	7mo	$285,000	$172	39

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 · 1.23% rent growth · sell at horizon

5-year hold

• IRR: -15.7%
• Equity multiple: 0.45×
• Total profit: $-30,749
• Equity at exit: $29,806

10-year hold

• IRR: -10.4%
• Equity multiple: 0.42×
• Total profit: $-32,705
• Equity at exit: $17,284

Cash invested: $55,972 (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 70508

• Home prices YoY: -34.7%
• Rents YoY: 1.2%
• Active inventory: 471
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,692 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$132 /mo · $1,589/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $73

Break-even live

Break-even rent $1,600

Max offer price $199,900

Occupancy floor 91%

Sensitivity live

Price	-10% $186	-5% $130	+0% $73	+5% $16	+10% $-40
Rent	-10% $-61	-5% $6	+0% $73	+5% $140	+10% $207
Rate	-1.0pp $174	-0.5pp $124	base $73	+0.5pp $21	+1.0pp $-31

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 Clearwater Dr Broussard, LA	3.0	2.5	1838	$2,200	$1.20	22d	1	0.32mi
620 W Main St Broussard, LA	3.0	2.0	1587	$1,600	$1.01	45d	1	0.46mi
217 Ryder Dr Unit 223 Lafayette, LA	2.0	1.5	900	$995	$1.11	22d	1	0.48mi
404 Sparrowhawk St Broussard, LA	3.0	2.0	1825	$2,200	$1.21	14d	1	0.93mi
200 Tennyson Dr Broussard, LA	3.0	2.5	1843	$2,300	$1.25	14d	1	0.94mi
200 Tennyson Dr Broussard, LA	3.0	2.0	1843	$2,495	$1.35	45d	1	0.94mi
101 Barnes LN Broussard, LA	1.0–2.0	2.0	875	$1,649	$1.88	14d	11	0.99mi
116 Rials Dr Unit B Lafayette, LA	2.0	2.0	1000	$775	$0.78	45d	1	1.16mi
300 Rials Dr Unit A Lafayette, LA	3.0	2.0	1000	$895	$0.90	45d	1	1.17mi
216 Al Pearson Dr Unit B Lafayette, LA	2.0	1.5	1000	$900	$0.90	45d	1	1.22mi
106 Padre Dr Broussard, LA	3.0	2.0	1180	$1,500	$1.27	22d	1	1.27mi
508 E Main St Ste E Broussard, LA	2.0	2.0	900	$1,395	$1.55	22d	1	1.29mi
505 E Main St Broussard, LA	2.0	1.0	958	$875	$0.91	45d	1	1.30mi
125 Ridgeview Dr Broussard, LA	1.0–2.0	1.0	769	$825	$1.07	14d	4	1.35mi
711 E Main St #100 Broussard, LA	3.0	2.0	1644	$2,750	$1.67	45d	1	1.50mi

Listing history 11 events

1. 2026-06-03
   status $199,900 Pending 5 DOM
2. 2026-06-02
   days on market $199,900 Active 5 DOM
3. 2026-06-01
   days on market $199,900 Active 4 DOM
4. 2026-05-31
   days on market $199,900 Active 3 DOM
5. 2026-05-30
   days on market $199,900 Active 2 DOM
6. 2026-05-27
   listed $199,900 Active
7. 2014-06-23
   soldstatus $154,000
8. 2014-06-20
   soldstatus $154,000 242-char remark

   Show marketing remark (242 chars)

   Great location between Broussard and Lafayette in established neighborhood. New floors in bedrooms & living room, freshly painted, HVAC changed in 2010. New fixtures, alarm system. Fenced in backyard, double carport & open floor plan.

9. 2014-04-10
   listed $154,000 242-char remark

   Show marketing remark (242 chars)

   Great location between Broussard and Lafayette in established neighborhood. New floors in bedrooms & living room, freshly painted, HVAC changed in 2010. New fixtures, alarm system. Fenced in backyard, double carport & open floor plan.

10. 2006-07-28
    soldstatus $128,500 152-char remark

    Show marketing remark (152 chars)

    Quiet neighborhood in great location. New tile floors and new tile countertops, open spacious floor plan. Large bedrooms, new roof, large yard and shed.

11. 2006-06-27
    listed $129,000 152-char remark

    Show marketing remark (152 chars)

    Quiet neighborhood in great location. New tile floors and new tile countertops, open spacious floor plan. Large bedrooms, new roof, large yard and shed.

ⓘ 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: $1,589 · $132/mo
• Projected year-2 tax: $1,589 · $132/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 9/10 Extreme 7 d/yr ≥109°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,310
• − Mortgage interest: −$11,198
• − Property taxes: −$1,589
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,625
• − Management: −$1,625
• − Depreciation: −$5,815
• Taxable loss: −$2,541
• Est. tax savings @ 24.0%: +$610
• After-tax cash flow: $1,486/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): 40,592
• Household income: $86,005
• Rent vs Own: 38.1% rent · 61.9% own
• Severe rent burden: 1860.0

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 White (75%)
• Race & ethnicity: White 75% Black 13% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Common ancestry: Lithuanian 20% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 91% English-only · Spanish 3% French/Haitian/Cajun 2% Other Indo-European 1%

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: ▼ -76.28%
• Current HPI: 143.6305
• Rent YoY: ▲ 1.23%
• 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

+55.0% since first listed

6 events — show timeline

• 2026-05-27 Listed $199,900 AcadianaMLS
• 2014-06-23 Sold (Public Records) $154,000 Public Records
• 2014-06-20 Sold (MLS) $154,000 AcadianaMLS
• 2014-04-10 Listed $154,000 AcadianaMLS
• 2006-07-28 Sold (MLS) $128,500 AcadianaMLS
• 2006-06-27 Listed $129,000 AcadianaMLS

Property tax history

+11.6%/yr

Latest (2025): $1,589 · -1.1% YoY. Source: county tax records.