222 Pershing Ave · Lafayette, LA 70501

$84,900

2 bd · 1.0 ba · 900 sqft · SingleFamily public records · 126 Days on market

Built 1946 0.29 ac lot $94/sqft · 35% above area Est $63k · 35% over

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Why this score? — see what drove the C+ 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 +29.2/30.0
• DSCR +10.0/10.0
• 1% rule +7.1/10.0
• Rent growth +4.3/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute Cottage on a large lot. Roof is less than 5 years old, paint, bathroom remodel and new flooring around 3 years old. Enjoy your afternoons on the front or back porch of this home. One car covered parking, central air and heat. Home is currently leased, do not disturb the tenants. Call listing agent for more details.

Key facts

• Bathroom remodel
• New flooring
• Front porch

Tags

• LARGE LOT
• ROOF LESS THAN 5 YEARS OLD
• BATHROOM REMODEL
• NEW FLOORING
• FRONT PORCH
• BACK PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $297 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% 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.
• Market conditions: Rents rising fast (+7.3%/yr); 246 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,585 units permitted in Lafayette Parish in 2024 (10 in 5+ unit buildings).
• This rent runs 37% of the median local income ($33k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $587 of loan paydown is wiped out by about $3k 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 $24k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 32y ago; this cycle's ask has dropped $7k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $85k implies a 240% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• 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 $74,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 1.21% ✓
• Cap rate: 10.49%
• Cash-on-cash: 14.97%
• DSCR: 1.67
• GRM: 6.9

CMA / ARV

• ARV (median comp): $62,704
• List price: $84,900
• Delta: 35.40%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
212 Clifford Rd	0.31mi	2/1.0	821 (-9%)	1mo	$17,000	$21	70
730 Saint Charles St	0.51mi	2/1.0	900 (0%)	12mo	$105,000	$117	66
115 Brenda St	0.37mi	2/1.0	800 (-11%)	8mo	$48,000	$60	58
382 Sunset Dr	0.64mi	3/1.0 (+1)	857 (-5%)	4mo	$76,500	$89	54
617 S Sterling St	0.48mi	3/1.0 (+1)	950 (+6%)	13mo	$40,000	$42	53
118 Webb St	0.44mi	2/1.0	1,000 (+11%)	11mo	$39,500	$40	52
130 Champagne St	0.55mi	1/1.0 (-1)	1,003 (+11%)	5mo	$18,000	$18	46
162 Sherwood Dr	0.74mi	3/1.0 (+1)	900 (0%)	20mo	$81,000	$90	44
413 S Orange St	0.54mi	2/1.0	800 (-11%)	18mo	$104,600	$131	41
203 Carlton Dr	0.70mi	3/1.0 (+1)	994 (+10%)	21mo	$58,173	$59	28

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: 10.0%
• Equity multiple: 1.41×
• Total profit: $9,806
• Equity at exit: $12,659

10-year hold

• IRR: 22.2%
• Equity multiple: 3.27×
• Total profit: $53,854
• Equity at exit: $7,341

Cash invested: $23,772 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,029 high
• Mortgage (P&I): −$445
• Tax from tax record: −$36 /mo · $428/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $297

Break-even live

Break-even rent $654

Max offer price $84,900

Occupancy floor 66%

Sensitivity live

Price	-10% $345	-5% $321	+0% $297	+5% $273	+10% $249
Rent	-10% $215	-5% $256	+0% $297	+5% $337	+10% $378
Rate	-1.0pp $339	-0.5pp $318	base $297	+0.5pp $275	+1.0pp $252

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1030 9th St Lafayette, LA	2.0	1.0	800	$800	$1.00	44d	1	0.26mi
127 Nancy Ln Lafayette, LA	2.0	1.0	600	$850	$1.42	21d	1	0.29mi
125 Nancy Ln Lafayette, LA	2.0	1.0	600	$850	$1.42	21d	1	0.30mi
319 Tissington St Lafayette, LA	2.0	1.0	956	$775	$0.81	44d	1	0.64mi
610 Sunset Dr Lafayette, LA	2.0	1.0	1000	$800	$0.80	44d	1	0.75mi
313 Hobson St Lafayette, LA	3.0	1.0	1000	$1,100	$1.10	21d	1	0.83mi
301 Sampson St Lafayette, LA	1.0	1.0	545	$750	$1.38	14d	1	0.86mi
617 E Vermilion St Unit C Lafayette, LA	2.0	1.0	625	$1,199	$1.92	14d	1	1.01mi
402 Lamar St Lafayette, LA	2.0	2.0	770	$825	$1.07	44d	1	1.08mi
114 Choctaw Rd Lafayette, LA	2.0	1.0	1000	$1,200	$1.20	21d	1	1.09mi
106 Ash Ln Unit A Lafayette, LA	1.0	1.0	657	$1,595	$2.43	14d	1	1.11mi
406 Voorhies St Unit B Lafayette, LA	1.0	1.0	575	$825	$1.43	21d	1	1.17mi
124 E Main St Lafayette, LA	1.0	1.0	789	$1,380	$1.75	14d	7	1.19mi
405 E Convent St Lafayette, LA	2.0	1.0	847	$1,125	$1.33	44d	1	1.20mi
241 N Pine St Lafayette, LA	2.0	1.0	864	$950	$1.10	44d	1	1.26mi
206 N Washington St Lafayette, LA	3.0	1.0	900	$900	$1.00	21d	1	1.27mi
908 Lamar St Unit 108 Lafayette, LA	2.0	1.0	1050	$1,025	$0.98	14d	1	1.34mi
327 General Mouton Ave Lafayette, LA	1.0	1.0	580	$800	$1.38	44d	1	1.34mi
305 General Mouton Ave Unit B Lafayette, LA	2.0	1.0	750	$1,250	$1.67	14d	1	1.34mi
801 General Mouton Ave Unit 3 Lafayette, LA	2.0	1.0	800	$850	$1.06	44d	1	1.36mi
300 Roosevelt St Unit A Lafayette, LA	2.0	2.0	1070	$1,750	$1.64	14d	1	1.38mi
1120 S Washington St Unit A Lafayette, LA	2.0	2.0	892	$2,200	$2.47	14d	1	1.47mi
1120 S Washington St Unit B Lafayette, LA	3.0	2.0	1030	$2,400	$2.33	14d	1	1.47mi

Listing history 20 events

1. 2026-06-18
   days on market $84,900 Active 126 DOM
2. 2026-06-17
   days on market $84,900 Active 125 DOM
3. 2026-06-16
   days on market $84,900 Active 124 DOM
4. 2026-06-15
   days on market $84,900 Active 123 DOM
5. 2026-06-14
   days on market $84,900 Active 121 DOM
6. 2026-06-13
   days on market $84,900 Active 120 DOM
7. 2026-06-10
   days on market $84,900 Active 118 DOM
8. 2026-06-09
   days on market $84,900 Active 117 DOM
9. 2026-06-08
   days on market $84,900 Active 116 DOM
10. 2026-06-07
    days on market $84,900 Active 115 DOM
11. 2026-06-05
    days on market $84,900 Active 112 DOM
12. 2026-06-03
    days on market $84,900 Active 111 DOM
13. 2026-06-02
    days on market $84,900 Active 110 DOM
14. 2026-06-01
    days on market $84,900 Active 109 DOM
15. 2026-05-31
    days on market $84,900 Active 108 DOM
16. 2026-05-30
    days on market $84,900 Active 107 DOM
17. 2026-02-22
    price $84,900 322-char remark

    Show marketing remark (322 chars)

    Cute Cottage on a large lot. Roof is less than 5 years old, paint, bathroom remodel and new flooring around 3 years old. Enjoy your afternoons on the front or back porch of this home. One car covered parking, central air and heat. Home is currently leased, do not disturb the tenants. Call listing agent for more details.

18. 2026-02-12
    listed $92,000 Active 322-char remark

    Show marketing remark (322 chars)

    Cute Cottage on a large lot. Roof is less than 5 years old, paint, bathroom remodel and new flooring around 3 years old. Enjoy your afternoons on the front or back porch of this home. One car covered parking, central air and heat. Home is currently leased, do not disturb the tenants. Call listing agent for more details.

19. 1994-12-23
    soldstatus $25,000 58-char remark

    Show marketing remark (58 chars)

    OLDER WELL BUILT HOME, NEEDS SOME UPDATING, VACANT LOCKBOX

20. 1994-10-28
    listed $25,000 58-char remark

    Show marketing remark (58 chars)

    OLDER WELL BUILT HOME, NEEDS SOME UPDATING, VACANT LOCKBOX

ⓘ 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: $428 · $36/mo
• Projected year-2 tax: $467 · $39/mo
• Expected delta: +$39/yr (+$3/mo · 9.1%)

ⓘ 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 ≥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: $12,348
• − Mortgage interest: −$4,756
• − Property taxes: −$428
• − Insurance: −$424
• − Repairs & maintenance: −$988
• − Management: −$988
• − Depreciation: −$2,470
• Taxable income: $2,294
• Est. tax owed @ 24.0%: −$550
• After-tax cash flow: $3,009/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

+239.6% since first listed

4 events — show timeline

• 2026-02-22 Price Changed $84,900 AcadianaMLS
• 2026-02-12 Listed $92,000 AcadianaMLS
• 1994-12-23 Sold (MLS) $25,000 AcadianaMLS
• 1994-10-28 Listed $25,000 AcadianaMLS

Property tax history

+3.0%/yr

Latest (2025): $428 · -1.1% YoY. Source: county tax records.