114 Japonica Dr · Lafayette, LA 70501

$190,000

3 bd · 3.0 ba · 1,862 sqft · SingleFamily public records · 20 Days on market

Built 1973 10,018 sqft lot Est $253k · 25% under

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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).

• ARV discount +15.0/15.0
• Cash flow +12.3/30.0
• Rent growth +4.3/5.0
• DSCR +3.6/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come and fall in Iove with this precious gem!!! It's a charming 3 bedroom 3 bath home or a 2 bedroom and sunroom nestled on a cul de sac providing plenty parking including so for a camper. The spacious living and dining room is well lit from the gorgeous bay window where a reading nook and storage is found. The kitchen has lots of storage and is equipped with a triple sink, wood cabinetry, pull out drawers and a lazy Susan. New double insulated windows, new hot water heater and a new Trane AC and heating unit was recently added. Storage upon storage is found throughout including a cedar wood closet. The large master bedroom and a guest bedroom contains a wood burning fireplace that is sure to keep you warm and cozy.

Key facts

• 0.23 acre lot
• Parking
• Built 1973

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $-36 ($-429/yr) — negative.
• To cash-flow at today's rent, offer at most $184k (3.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (21.0% below list).
• Recommended offer: $150k (21.0% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.7% in Lafayette — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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); 247 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 $1,500/mo this rent would consume 54% 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 $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

• It's been on market 20 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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

• 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 $150,045 (21.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.79% ✗
• Cap rate: 6.07%
• Cash-on-cash: -0.81%
• DSCR: 0.96
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $253,232
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
323 White Pine Dr	0.58mi	4/2.0 (+1)	1,874 (+1%)	1mo	$249,000	$133	62
328 White Pine Dr	0.58mi	4/2.0 (+1)	1,874 (+1%)	1mo	$254,500	$136	62
120 Red Pine Dr	0.56mi	4/2.0 (+1)	1,874 (+1%)	6mo	$239,900	$128	58
423 Starlight Dr	0.43mi	4/2.0 (+1)	1,700 (-9%)	0mo	$230,000	$135	56
325 White Pine Dr	0.58mi	4/2.0 (+1)	1,836 (-1%)	7mo	$250,000	$136	56
204 White Pine Dr	0.56mi	4/2.0 (+1)	1,786 (-4%)	6mo	$236,000	$132	53
335 White Pine Dr	0.58mi	4/2.0 (+1)	1,704 (-8%)	1mo	$237,000	$139	49
319 White Pine Dr	0.58mi	3/2.0	1,613 (-13%)	2mo	$235,500	$146	44
336 White Pine Dr	0.57mi	3/2.0	1,616 (-13%)	3mo	$242,000	$150	44
333 White Pine Dr	0.58mi	3/2.0	1,613 (-13%)	2mo	$235,000	$146	44
326 White Pine Dr	0.58mi	4/2.0 (+1)	1,706 (-8%)	7mo	$250,000	$147	44
332 White Pine Dr	0.57mi	4/2.0 (+1)	2,079 (+12%)	6mo	$269,000	$129	40

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: -13.2%
• Equity multiple: 0.51×
• Total profit: $-26,242
• Equity at exit: $28,330

10-year hold

• IRR: 1.1%
• Equity multiple: 1.09×
• Total profit: $4,855
• Equity at exit: $16,428

Cash invested: $53,200 (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: 247
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,500 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$146 /mo · $1,746/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $-36

Break-even live

Break-even rent $1,546

Max offer price $183,690

Occupancy floor 97%

Sensitivity live

Price	-10% $72	-5% $18	+0% $-36	+5% $-89	+10% $-143
Rent	-10% $-154	-5% $-95	+0% $-36	+5% $24	+10% $83
Rate	-1.0pp $60	-0.5pp $13	base $-36	+0.5pp $-85	+1.0pp $-135

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: $47,500
• Closing costs: $5,700
• 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	14d	1	0.45mi
109 Red Pine Dr Lafayette, LA	4.0	3.0	2087	$3,500	$1.68	14d	1	0.49mi

Listing history 28 events

1. 2026-06-21
   days on market $190,000 Active 20 DOM
2. 2026-06-18
   days on market $190,000 Active 17 DOM
3. 2026-06-17
   days on market $190,000 Active 16 DOM
4. 2026-06-16
   days on market $190,000 Active 15 DOM
5. 2026-06-15
   days on market $190,000 Active 14 DOM
6. 2026-06-14
   days on market $190,000 Active 12 DOM
7. 2026-06-13
   days on market $190,000 Active 11 DOM
8. 2026-06-10
   days on market $190,000 Active 9 DOM
9. 2026-06-09
   days on market $190,000 Active 8 DOM
10. 2026-06-08
    days on market $190,000 Active 7 DOM
11. 2026-06-07
    days on market $190,000 Active 6 DOM
12. 2026-06-05
    days on market $190,000 Active 3 DOM
13. 2026-06-03
    days on market $190,000 Active 2 DOM
14. 2026-06-03
    remarks 699-char remark
15. 2026-06-02
    days on marketlisting id $190,000 Active 1 DOM
16. 2026-06-01
    days on market $190,000 Active 6 DOM
17. 2026-05-31
    days on market $190,000 Active 5 DOM
18. 2026-05-30
    days on market $190,000 Active 4 DOM
19. 2026-05-26
    listed $190,000 Active
20. 2025-09-29
    price $190,000
21. 2025-09-02
    price $215,000
22. 2025-08-22
    price $220,000
23. 2025-08-14
    price $225,000
24. 2025-07-03
    listed $228,700 Active
25. 2024-02-09
    soldstatus $195,000
26. 2017-07-21
    soldstatus $168,000 725-char remark

    Show marketing remark (725 chars)

    Come and fall in Iove with this precious gem!!! It's a charming 3 bedroom 3 bath home or a 2 bedroom and sunroom nestled on a cul de sac providing plenty parking including so for a camper. The spacious living and dining room is well lit from the gorgeous bay window where a reading nook and storage is found. The kitchen has lots of storage and is equipped with a triple sink, wood cabinetry, pull out drawers and a lazy Susan. New double insulated windows, new hot water heater and a new Trane AC and heating unit was recently added. Storage upon storage is found throughout including a cedar wood closet. The large master bedroom and a guest bedroom contains a wood burning fireplace that is sure to keep you warm and cozy.

27. 2016-12-08
    listed $165,000 725-char remark

    Show marketing remark (725 chars)

    Come and fall in Iove with this precious gem!!! It's a charming 3 bedroom 3 bath home or a 2 bedroom and sunroom nestled on a cul de sac providing plenty parking including so for a camper. The spacious living and dining room is well lit from the gorgeous bay window where a reading nook and storage is found. The kitchen has lots of storage and is equipped with a triple sink, wood cabinetry, pull out drawers and a lazy Susan. New double insulated windows, new hot water heater and a new Trane AC and heating unit was recently added. Storage upon storage is found throughout including a cedar wood closet. The large master bedroom and a guest bedroom contains a wood burning fireplace that is sure to keep you warm and cozy.

28. 2016-04-20
    listed $184,000

ⓘ 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: $1,746 · $146/mo
• Projected year-2 tax: $1,746 · $146/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 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,005
• − Mortgage interest: −$10,643
• − Property taxes: −$1,746
• − Insurance: −$950
• − Repairs & maintenance: −$1,440
• − Management: −$1,440
• − Depreciation: −$5,527
• Taxable loss: −$3,742
• Est. tax savings @ 24.0%: +$898
• After-tax cash flow: $469/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): 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

+3.3% since first listed

10 events — show timeline

• 2026-05-26 Listed $190,000 FSBO.com
• 2025-09-29 Price Changed $190,000 AcadianaMLS
• 2025-09-02 Price Changed $215,000 AcadianaMLS
• 2025-08-22 Price Changed $220,000 AcadianaMLS
• 2025-08-14 Price Changed $225,000 AcadianaMLS
• 2025-07-03 Listed $228,700 AcadianaMLS
• 2024-02-09 Sold (Public Records) $195,000 Public Records
• 2017-07-21 Sold (MLS) $168,000 AcadianaMLS
• 2016-12-08 Listed $165,000 AcadianaMLS
• 2016-04-20 Listed $184,000 AcadianaMLS

Property tax history

+15.4%/yr

Latest (2025): $1,746 · -1.1% YoY. Source: county tax records.