208 Palms Dr · Lafayette, LA 70503

$143,000

3 bd · 1.0 ba · 1,207 sqft · SingleFamily public records · 87 Days on market

Built 1977 6,969 sqft lot $118/sqft · 16% below area Est $172k · 17% under

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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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.4/10.0
• 1% rule +6.6/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON MARKET! New Price, motivated Seller! BUYER unable to obtain financing due to personal reasons. Cute, clean, affordable home! This one had a new AC installed in 2023, and a new roof installed in 2020. Nice sized yard with a shop, and double gate access to the fenced in backyard. Inside the home, the cozy living room includes a wood burning fireplace. The open & airy kitchen includes a new gas range/oven. Down the hall, find the newly upgraded bathroom with new tub/shower & surround, and new vanity & shelving! This home is move-in ready at an affordable price so it won't last long. See it in person before it's too late!

Key facts

• New gas range
• New ac
• Double gate access

Tags

• NEW AC
• NEW ROOF
• DOUBLE GATE ACCESS
• WOOD BURNING FIREPLACE
• NEW GAS RANGE
• NEWLY UPGRADED BATHROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $143k.

Deal economics

• At list price, monthly cash flow is $402 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $143k).
• Recommended offer: $134k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); Edgar Martin Middle School (math 40% / reading 53%, grade D+, #41 of 218 statewide, top 19%, 490 students, 59% FRL); Lafayette High School (math 57% / reading 51%, grade C-, #28 of 265 statewide, top 11%, 1,852 students, 52% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: Rents flat; 237 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $989 of loan paydown is wiped out by about $4k 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 87 days — a 6% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask has dropped $12k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,420 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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: 1.16% ✓
• Cap rate: 9.67%
• Cash-on-cash: 12.06%
• DSCR: 1.54
• GRM: 7.2

CMA / ARV

• ARV (median comp): $171,606
• List price: $143,000
• Delta: -16.67%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
304 Guidry Rd	0.13mi	3/1.5	1,050 (-13%)	8mo	$50,000	$48	63
313 Melody Dr	0.17mi	3/1.5	1,036 (-14%)	5mo	$125,000	$121	62
314 Melody Drive Dr	0.18mi	4/1.5 (+1)	1,300 (+8%)	13mo	$145,000	$112	61
408 Guidry Rd	0.37mi	3/2.0	1,361 (+13%)	0mo	$167,500	$123	57
115 Woodbranch Ct	0.50mi	2/2.0 (-1)	1,285 (+6%)	2mo	$222,000	$173	55
113 Wakely Ct	0.62mi	3/2.0	1,356 (+12%)	1mo	$227,077	$167	45
138 Brattle Ct	0.57mi	3/2.0	1,356 (+12%)	7mo	$227,710	$168	43
116 Brattle Ct	0.55mi	3/2.0	1,356 (+12%)	8mo	$225,093	$166	43

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 · 0.36% rent growth · sell at horizon

5-year hold

• IRR: -1.3%
• Equity multiple: 0.95×
• Total profit: $-1,868
• Equity at exit: $21,322

10-year hold

• IRR: 5.5%
• Equity multiple: 1.36×
• Total profit: $14,522
• Equity at exit: $12,364

Cash invested: $40,040 (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 70503

• Home prices YoY: -34.0%
• Rents YoY: 0.4%
• Active inventory: 237
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,665 high
• Mortgage (P&I): −$750
• Tax from tax record: −$104 /mo · $1,244/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $402

Break-even live

Break-even rent $1,156

Max offer price $143,000

Occupancy floor 71%

Sensitivity live

Price	-10% $483	-5% $443	+0% $402	+5% $362	+10% $322
Rent	-10% $271	-5% $337	+0% $402	+5% $468	+10% $534
Rate	-1.0pp $475	-0.5pp $439	base $402	+0.5pp $365	+1.0pp $328

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: $35,750
• Closing costs: $4,290
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6000 Johnston St Lafayette, LA	1.0–3.0	1.0–2.0	1093	$1,740	$1.59	16d	20	0.25mi
327 Guidry Rd Lafayette, LA	2.0	2.0	1060	$1,350	$1.27	23d	1	0.27mi
104 Marblehead Ave Lafayette, LA	2.0–3.0	2.0–2.5	1448	$2,668	$1.84	16d	126	0.40mi
110 Pilsbury Ln Lafayette, LA	2.0	2.0	1150	$1,595	$1.39	23d	1	0.41mi
1200 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	965	$1,674	$1.73	16d	18	0.47mi
1100 Robley Dr Lafayette, LA	1.0–3.0	1.0–2.0	1057	$1,802	$1.70	16d	17	0.52mi
1000 Robley Dr Lafayette, LA	1.0–2.0	1.0–2.0	804	$1,320	$1.64	16d	42	0.63mi
343 Ridge Rd Lafayette, LA	2.0–3.0	2.0	1113	$1,995	$1.79	16d	34	0.78mi
1630 Rue du Belier Lafayette, LA	1.0–3.0	1.0–2.0	1060	$1,600	$1.51	16d	25	0.83mi
120 Hummingbird Ln Apt C Lafayette, LA	2.0	2.0	900	$850	$0.94	16d	1	1.08mi
106 Hummingbird Ln Unit D Lafayette, LA	2.0	2.0	900	$800	$0.89	46d	1	1.13mi
102 Perth PL Lafayette, LA	2.0	2.0	1150	$1,595	$1.39	23d	1	1.20mi
118 Millie Park Lafayette, LA	3.0	2.0	1200	$1,750	$1.46	23d	1	1.49mi

Listing history 17 events

1. 2026-06-07
   statusdays on market $143,000 Pending 87 DOM
2. 2026-06-05
   days on market $143,000 Active 86 DOM
3. 2026-06-03
   days on market $143,000 Active 85 DOM
4. 2026-06-02
   pricedays on market $143,000 Active 84 DOM
5. 2026-06-01
   days on market $145,000 Active 83 DOM
6. 2026-05-31
   days on market $145,000 Active 82 DOM
7. 2026-05-30
   days on market $145,000 Active 81 DOM
8. 2026-04-29
   status Active 652-char remark

   Show marketing remark (652 chars)

   BACK ON MARKET! New Price, motivated Seller! BUYER unable to obtain financing due to personal reasons. Cute, clean, affordable home! This one had a new AC installed in 2023, and a new roof installed in 2020. Nice sized yard with a shop, and double gate access to the fenced in backyard. Inside the home, the cozy living room includes a wood burning fireplace. The open & airy kitchen includes a new gas range/oven. Down the hall, find the newly upgraded bathroom with new tub/shower & surround, and new vanity & shelving! This home is move-in ready at an affordable price so it won't last long. See it in person before it's too late!

9. 2026-04-29
   price $145,000 652-char remark

   Show marketing remark (652 chars)

   BACK ON MARKET! New Price, motivated Seller! BUYER unable to obtain financing due to personal reasons. Cute, clean, affordable home! This one had a new AC installed in 2023, and a new roof installed in 2020. Nice sized yard with a shop, and double gate access to the fenced in backyard. Inside the home, the cozy living room includes a wood burning fireplace. The open & airy kitchen includes a new gas range/oven. Down the hall, find the newly upgraded bathroom with new tub/shower & surround, and new vanity & shelving! This home is move-in ready at an affordable price so it won't last long. See it in person before it's too late!

10. 2026-04-15
    status Pending 652-char remark

    Show marketing remark (652 chars)

    BACK ON MARKET! New Price, motivated Seller! BUYER unable to obtain financing due to personal reasons. Cute, clean, affordable home! This one had a new AC installed in 2023, and a new roof installed in 2020. Nice sized yard with a shop, and double gate access to the fenced in backyard. Inside the home, the cozy living room includes a wood burning fireplace. The open & airy kitchen includes a new gas range/oven. Down the hall, find the newly upgraded bathroom with new tub/shower & surround, and new vanity & shelving! This home is move-in ready at an affordable price so it won't last long. See it in person before it's too late!

11. 2026-03-03
    price $149,900 652-char remark

    Show marketing remark (652 chars)

    BACK ON MARKET! New Price, motivated Seller! BUYER unable to obtain financing due to personal reasons. Cute, clean, affordable home! This one had a new AC installed in 2023, and a new roof installed in 2020. Nice sized yard with a shop, and double gate access to the fenced in backyard. Inside the home, the cozy living room includes a wood burning fireplace. The open & airy kitchen includes a new gas range/oven. Down the hall, find the newly upgraded bathroom with new tub/shower & surround, and new vanity & shelving! This home is move-in ready at an affordable price so it won't last long. See it in person before it's too late!

12. 2026-02-23
    listed $155,000 Active 652-char remark

    Show marketing remark (652 chars)

    BACK ON MARKET! New Price, motivated Seller! BUYER unable to obtain financing due to personal reasons. Cute, clean, affordable home! This one had a new AC installed in 2023, and a new roof installed in 2020. Nice sized yard with a shop, and double gate access to the fenced in backyard. Inside the home, the cozy living room includes a wood burning fireplace. The open & airy kitchen includes a new gas range/oven. Down the hall, find the newly upgraded bathroom with new tub/shower & surround, and new vanity & shelving! This home is move-in ready at an affordable price so it won't last long. See it in person before it's too late!

13. 2018-05-04
    soldstatus $128,500
14. 2018-05-03
    soldstatus $128,500 614-char remark

    Show marketing remark (614 chars)

    Did not flood. Location, Location, Location, this home is walking distance to New Public Library and Acadiana Mall. In a quiet neighborhood off Johnston St with access to Robley extension. This clean home features all new double pane insulated windows, new interior paint, new ceramic tile floors, new back covered patio, Wood burning Fireplace, Stove and all window treatments are included with this home. If that's not enough this home also has a workshop in back, with a seperate room that was used as a game room, and a second storage building. Don't let this home get away, set up your private showing today.

15. 2017-10-31
    listed $129,000 614-char remark

    Show marketing remark (614 chars)

    Did not flood. Location, Location, Location, this home is walking distance to New Public Library and Acadiana Mall. In a quiet neighborhood off Johnston St with access to Robley extension. This clean home features all new double pane insulated windows, new interior paint, new ceramic tile floors, new back covered patio, Wood burning Fireplace, Stove and all window treatments are included with this home. If that's not enough this home also has a workshop in back, with a seperate room that was used as a game room, and a second storage building. Don't let this home get away, set up your private showing today.

16. 2014-06-27
    soldstatus $116,900
17. 2014-04-03
    listed $116,900

ⓘ 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: $1,244 · $104/mo
• Projected year-2 tax: $1,244 · $104/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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,984
• − Mortgage interest: −$8,010
• − Property taxes: −$1,244
• − Insurance: −$715
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − Depreciation: −$4,160
• Taxable income: $2,658
• Est. tax owed @ 24.0%: −$638
• After-tax cash flow: $4,192/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): 28,643
• Household income: $94,688
• Rent vs Own: 34.3% rent · 65.7% own
• Severe rent burden: 769.0

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 (74%)
• Race & ethnicity: White 74% Black 10% Hispanic / Latino 8% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 23% Slovak 2% Italian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 88% English-only · Spanish 5% French/Haitian/Cajun 3% 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: ▼ -81.65%
• Current HPI: 158.7094
• Rent YoY: ▲ 0.36%
• 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

+24.0% since first listed

10 events — show timeline

• 2026-04-29 Relisted — AcadianaMLS
• 2026-04-29 Price Changed $145,000 AcadianaMLS
• 2026-04-15 Pending — AcadianaMLS
• 2026-03-03 Price Changed $149,900 AcadianaMLS
• 2026-02-23 Listed $155,000 AcadianaMLS
• 2018-05-04 Sold (Public Records) $128,500 Public Records
• 2018-05-03 Sold (MLS) $128,500 AcadianaMLS
• 2017-10-31 Listed $129,000 AcadianaMLS
• 2014-06-27 Sold (MLS) $116,900 AcadianaMLS
• 2014-04-03 Listed $116,900 AcadianaMLS

Property tax history

+21.5%/yr

Latest (2025): $1,244 · -1.1% YoY. Source: county tax records.