103 Failla Rd · Lafayette, LA 70508

$395,000

5 bd · 3.0 ba · 2,357 sqft · SingleFamily public records · 3 Days on market

Built 1976 0.84 ac lot $168/sqft · 13% above area Est $353k · 12% 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 +18.6/30.0
• DSCR +5.9/10.0
• 1% rule +4.0/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• ARV discount +2.2/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large split floor plan home on 1 arpent in park like setting! Many updates done for you already including fresh paint, some appliances, dual zoned purified a/c system and insulation, hot water heater, storm windows and more! Plenty of room to spread out with 3 bedrooms and 3 baths (one is a dorm style with its own bath) den with fireplace, large country kitchen with breakfast area and both formal living and dining rooms. Plus $1500 decorating allowance! Move in ready - make it yours today!

Key facts

• Custom cabinetry
• Brand new roof
• Nearly an acre

Tags

• NEARLY AN ACRE
• SPLIT FLOOR PLAN
• EXPANSIVE BACKYARD
• BRAND NEW ROOF
• NEW FLOORING
• CUSTOM CABINETRY

Property features AI

Exterior

• Parking: 2 covered parking spaces; 2 total parking spaces; 2-car garage; Carport
• Utilities: Public sewer; City electricity
• Home design: Single family residence; City street frontage on a paved road
• Construction: Brick veneer, brick, synthetic stucco, and frame construction; Composition roof
• Exterior features: Partial wood fencing; Shed(s) / storage; Open porch

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Electric stove/oven
• Bedrooms: Bedroom 3; Bedroom 4
• Flooring: Vinyl plank
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: High ceilings with beamed and varied ceiling heights; Vaulted ceiling(s); Walk-in closets; Granite countertops; Storm windows; 1 fireplace; Open porch
• Laundry & utility: Laundry room; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $395k.

Deal economics

• At list price, monthly cash flow is $317 ($4k/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 $355k (10.0% below list).
• Recommended offer: $355k (10.0% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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); 473 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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).
• At $3,554/mo this rent would consume 50% of the median local household income ($86k/yr) (locally 1860% 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 $3k of loan paydown is wiped out by about $12k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 26y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; 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 $355,425 (10.0% below list)

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.90% ✗
• Cap rate: 7.46%
• Cash-on-cash: 4.16%
• DSCR: 1.19
• GRM: 9.3

CMA / ARV

• ARV (median comp): $353,043
• List price: $395,000
• Delta: 11.88%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
103 Failla Rd	0.00mi	5/3.0	2,372 (+1%)	1mo	$372,000	$157	98
111 Bancroft Dr	0.35mi	4/3.0 (-1)	2,458 (+4%)	1mo	$555,000	$226	71
409 Austin Village Blvd	0.52mi	4/3.0 (-1)	2,432 (+3%)	2mo	$393,000	$162	63
502 Queensberry Dr	0.46mi	4/3.0 (-1)	2,488 (+6%)	2mo	$547,000	$220	63
112 Port Royal Cir	0.59mi	4/3.0 (-1)	2,425 (+3%)	2mo	$380,000	$157	61
104 Freeport Cir	0.64mi	4/3.0 (-1)	2,403 (+2%)	2mo	$371,000	$154	60
203 Hamlet Ln	0.37mi	4/3.0 (-1)	2,600 (+10%)	2mo	$424,000	$163	59
201 Barkhill Dr	0.54mi	4/3.0 (-1)	2,589 (+10%)	1mo	$499,900	$193	53
120 Greenfarm Rd	0.53mi	4/2.5 (-1)	2,568 (+9%)	2mo	$420,000	$164	51
100 Hollow Green Dr	0.70mi	4/3.0 (-1)	2,493 (+6%)	3mo	$369,000	$148	50
108 Little Hickory Ct	0.57mi	4/3.0 (-1)	2,609 (+11%)	2mo	$655,000	$251	49
111 Port Royal Cir	0.59mi	4/3.0 (-1)	2,650 (+12%)	3mo	$405,500	$153	44

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: -12.8%
• Equity multiple: 0.55×
• Total profit: $-50,136
• Equity at exit: $58,896

10-year hold

• IRR: -6.5%
• Equity multiple: 0.61×
• Total profit: $-42,678
• Equity at exit: $34,152

Cash invested: $110,600 (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: 473
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $3,554 high
• Mortgage (P&I): −$2,071
• Tax from tax record: −$188 /mo · $2,262/yr
• Insurance: −$165
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$746
• Net cashflow: $317

Break-even live

Break-even rent $3,153

Max offer price $395,000

Occupancy floor 86%

Sensitivity live

Price	-10% $541	-5% $429	+0% $317	+5% $205	+10% $93
Rent	-10% $36	-5% $177	+0% $317	+5% $457	+10% $598
Rate	-1.0pp $516	-0.5pp $417	base $317	+0.5pp $215	+1.0pp $110

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: $98,750
• Closing costs: $11,850
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
128 Pigeon Loop Lafayette, LA	4.0	3.0	2700	$2,200	$0.81	15d	1	0.47mi
202 Student Ln Lafayette, LA	4.0	2.0	2017	$4,000	$1.98	45d	1	0.64mi
406 E Martial Ave Lafayette, LA	4.0	2.0	2017	$5,000	$2.48	45d	1	0.65mi
404 E Martial Ave Lafayette, LA	4.0	2.0	2017	$4,000	$1.98	45d	1	0.68mi
102 Orchard Park Ave Lafayette, LA	4.0	3.0	2464	$4,200	$1.70	15d	1	0.70mi
207 Summerland Key Ln Lafayette, LA	4.0	3.0	2018	$2,350	$1.16	46d	1	1.31mi

Listing history 13 events

1. 2026-05-03
   status Pending 1411-char remark
2. 2026-04-30
   listed $395,000 Active 1411-char remark
3. 2026-01-30
   soldstatus $150,000
4. 2025-10-03
   price $240,000
5. 2025-07-16
   price $260,000
6. 2025-05-20
   price $270,000
7. 2025-04-24
   listed $280,000 Active
8. 2007-12-07
   soldstatus $199,900

   Show marketing remark (494 chars)

   Large split floor plan home on 1 arpent in park like setting! Many updates done for you already including fresh paint, some appliances, dual zoned purified a/c system and insulation, hot water heater, storm windows and more! Plenty of room to spread out with 3 bedrooms and 3 baths (one is a dorm style with its own bath) den with fireplace, large country kitchen with breakfast area and both formal living and dining rooms. Plus $1500 decorating allowance! Move in ready - make it yours today!

9. 2007-12-07
   soldstatus

   Show marketing remark (494 chars)

   Large split floor plan home on 1 arpent in park like setting! Many updates done for you already including fresh paint, some appliances, dual zoned purified a/c system and insulation, hot water heater, storm windows and more! Plenty of room to spread out with 3 bedrooms and 3 baths (one is a dorm style with its own bath) den with fireplace, large country kitchen with breakfast area and both formal living and dining rooms. Plus $1500 decorating allowance! Move in ready - make it yours today!

10. 2007-05-23
    listed $199,900

    Show marketing remark (494 chars)

    Large split floor plan home on 1 arpent in park like setting! Many updates done for you already including fresh paint, some appliances, dual zoned purified a/c system and insulation, hot water heater, storm windows and more! Plenty of room to spread out with 3 bedrooms and 3 baths (one is a dorm style with its own bath) den with fireplace, large country kitchen with breakfast area and both formal living and dining rooms. Plus $1500 decorating allowance! Move in ready - make it yours today!

11. 2002-02-15
    soldstatus $135,000
12. 2001-07-17
    listed $135,000
13. 2000-07-24
    listed $165,000

ⓘ 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: $2,262 · $188/mo
• Projected year-2 tax: $2,262 · $188/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 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°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: $42,651
• − Mortgage interest: −$22,126
• − Property taxes: −$2,262
• − Insurance: −$2,772
• − Repairs & maintenance: −$3,412
• − Management: −$3,412
• − Depreciation: −$11,491
• Taxable loss: −$2,824
• Est. tax savings @ 24.0%: +$678
• After-tax cash flow: $4,481/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

+125.5% since first listed

15 events — show timeline

• 2026-05-28 Sold (Public Records) $372,000 Public Records
• 2026-05-28 Sold (MLS) $372,000 AcadianaMLS
• 2026-05-03 Pending — AcadianaMLS
• 2026-04-30 Listed $395,000 AcadianaMLS
• 2026-01-30 Sold (Public Records) $150,000 Public Records
• 2025-10-03 Price Changed $240,000 AcadianaMLS
• 2025-07-16 Price Changed $260,000 AcadianaMLS
• 2025-05-20 Price Changed $270,000 AcadianaMLS
• 2025-04-24 Listed $280,000 AcadianaMLS
• 2007-12-07 Sold (Public Records) — Public Records
• 2007-12-07 Sold (MLS) $199,900 AcadianaMLS
• 2007-05-23 Listed $199,900 AcadianaMLS
• 2002-02-15 Sold (MLS) $135,000 AcadianaMLS
• 2001-07-17 Listed $135,000 AcadianaMLS
• 2000-07-24 Listed $165,000 AcadianaMLS

Property tax history

+6.5%/yr

Latest (2025): $2,262 · -1.1% YoY. Source: county tax records.