701 South College Rd #110 · Lafayette, LA 70503

$75,000

1 bd · 1.0 ba · 650 sqft · Townhouse public records · 228 Days on market

Built 1982 0.50 ac lot $115/sqft · 13% below area Est $87k · 14% under $225/mo HOA · 25% of rent

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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 +14.9/30.0
• ARV discount +13.8/15.0
• 1% rule +7.2/10.0
• DSCR +4.6/10.0
• 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

Nestled in a prime location, this stunning one-bedroom, one-bathroom ground-floor corner unit puts life's essentials at your doorstep--mere minutes from top hospitals, excellent schools, vibrant shopping, and endless conveniences. Ideal for first-time buyers, downsizers, or savvy investors!Recently refreshed with thoughtful updates over the past few years, including modern flooring, updated appliances, stainless steel kitchen sink, ceiling fans, fresh paint, and a reliable HVAC system. Best of all? It's turnkey, complete with range, microwave and dishwasher. Simply bring your furniture and start living your best life.With a proven track record as a high-demand rental, this gem offers excellent income potential for those eyeing an investment property.

Key facts

• Modern flooring
• Reliable hvac system
• Sleek cabinetry

Tags

• GROUND-FLOOR CORNER UNIT
• MODERN FLOORING
• UPGRADED ELECTRICAL SYSTEMS
• SLEEK CABINETRY
• BRAND-NEW APPLIANCES
• RELIABLE HVAC SYSTEM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath townhouse listed at $75k.

Deal economics

• At list price, monthly cash flow is $23 ($272/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($917 rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• 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: J. Wallace James Elementary School (math 46% / reading 49%, grade D, #147 of 646 statewide, top 23%, 939 students, 64% FRL); L.J. Alleman Middle School (math 48% / reading 56%, grade C+, #23 of 218 statewide, top 10%, 952 students, 54% FRL); Lafayette High School (math 57% / reading 51%, grade C-, #28 of 265 statewide, top 11%, 1,852 students, 52% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: Rents flat; 237 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).
• This rent is only 12% of the median local income ($95k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k 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 228 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago; this cycle's ask has dropped $10k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 228 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.22% ✓
• Cap rate: 6.66%
• Cash-on-cash: 1.29%
• DSCR: 1.06
• GRM: 6.8

CMA / ARV

• ARV (median comp): $87,218
• List price: $75,000
• Delta: -14.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3121 Johnston St #238	0.75mi	1/1.0	618 (-5%)	11mo	$85,000	$138	48

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: -18.1%
• Equity multiple: 0.38×
• Total profit: $-12,958
• Equity at exit: $11,183

10-year hold

• IRR: -19.2%
• Equity multiple: 0.14×
• Total profit: $-18,151
• Equity at exit: $6,485

Cash invested: $21,000 (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: 6.8×

Monthly cashflow live

• Estimated rent: $917 high
• Mortgage (P&I): −$393
• Tax from tax record: −$52 /mo · $627/yr
• Insurance: −$31
• HOA: −$225
• Vacancy / Maint / Mgmt: −$193
• Net cashflow: $23

Break-even live

Break-even rent $888

Max offer price $75,000

Occupancy floor 93%

Sensitivity live

Price	-10% $65	-5% $44	+0% $23	+5% $1	+10% $-20
Rent	-10% $-50	-5% $-14	+0% $23	+5% $59	+10% $95
Rate	-1.0pp $60	-0.5pp $42	base $23	+0.5pp $3	+1.0pp $-17

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
915 S College Rd Lafayette, LA	1.0–2.0	1.0	659	$757	$1.15	15d	5	0.22mi
112 Hillside Dr #26 Lafayette, LA	1.0	1.0	741	$995	$1.34	45d	1	0.37mi
106 Seville Blvd Unit B Lafayette, LA	1.0	1.0	584	$850	$1.46	45d	1	0.75mi
131 1/2 Mildred St Unit C Lafayette, LA	1.0	1.0	500	$625	$1.25	15d	1	0.89mi
715 Harding St Unit 5 Lafayette, LA	1.0	1.0	500	$725	$1.45	45d	1	1.19mi
1318 Lee Ave Unit B6 Lafayette, LA	1.0	1.0	400	$750	$1.88	22d	1	1.23mi
1318 Lee Ave Unit C7 Lafayette, LA	1.0	1.0	450	$1,150	$2.56	15d	1	1.23mi
600 E University Ave #7 Lafayette, LA	1.0	1.0	600	$995	$1.66	45d	1	1.28mi
101 Westwood Dr Lafayette, LA	1.0	1.0	651	$1,036	$1.59	15d	3	1.33mi
305 General Mouton Ave Unit B Lafayette, LA	2.0	1.0	750	$1,250	$1.67	15d	1	1.38mi
327 General Mouton Ave Lafayette, LA	1.0	1.0	580	$800	$1.38	45d	1	1.39mi
305 Ella St Unit 3 Lafayette, LA	1.0	1.5	515	$995	$1.93	15d	1	1.43mi
328 1/2 Theodora Blvd Lafayette, LA	1.0	1.0	440	$1,100	$2.50	15d	1	1.46mi
328 Theodora Blvd Unit 1/2 Lafayette, LA	1.0	1.0	440	$1,100	$2.50	22d	1	1.46mi

HOA detail

• Monthly dues: $225 · $2,700/yr

Listing history 19 events

1. 2026-06-14
   statusdays on market $75,000 Pending 228 DOM
2. 2026-06-13
   days on market $75,000 Active 227 DOM
3. 2026-06-10
   days on market $75,000 Active 225 DOM
4. 2026-06-09
   days on market $75,000 Active 224 DOM
5. 2026-06-08
   days on market $75,000 Active 223 DOM
6. 2026-06-07
   days on market $75,000 Active 222 DOM
7. 2026-06-05
   days on market $75,000 Active 219 DOM
8. 2026-06-03
   days on market $75,000 Active 218 DOM
9. 2026-06-02
   days on market $75,000 Active 217 DOM
10. 2026-06-01
    days on market $75,000 Active 216 DOM
11. 2026-05-31
    days on market $75,000 Active 215 DOM
12. 2026-05-30
    days on market $75,000 Active 214 DOM
13. 2026-04-15
    status Active 760-char remark

    Show marketing remark (760 chars)

    Nestled in a prime location, this stunning one-bedroom, one-bathroom ground-floor corner unit puts life's essentials at your doorstep--mere minutes from top hospitals, excellent schools, vibrant shopping, and endless conveniences. Ideal for first-time buyers, downsizers, or savvy investors!Recently refreshed with thoughtful updates over the past few years, including modern flooring, updated appliances, stainless steel kitchen sink, ceiling fans, fresh paint, and a reliable HVAC system. Best of all? It's turnkey, complete with range, microwave and dishwasher. Simply bring your furniture and start living your best life.With a proven track record as a high-demand rental, this gem offers excellent income potential for those eyeing an investment property.

14. 2026-04-15
    status Pending 760-char remark

    Show marketing remark (760 chars)

    Nestled in a prime location, this stunning one-bedroom, one-bathroom ground-floor corner unit puts life's essentials at your doorstep--mere minutes from top hospitals, excellent schools, vibrant shopping, and endless conveniences. Ideal for first-time buyers, downsizers, or savvy investors!Recently refreshed with thoughtful updates over the past few years, including modern flooring, updated appliances, stainless steel kitchen sink, ceiling fans, fresh paint, and a reliable HVAC system. Best of all? It's turnkey, complete with range, microwave and dishwasher. Simply bring your furniture and start living your best life.With a proven track record as a high-demand rental, this gem offers excellent income potential for those eyeing an investment property.

15. 2026-04-13
    price $75,000 760-char remark

    Show marketing remark (760 chars)

    Nestled in a prime location, this stunning one-bedroom, one-bathroom ground-floor corner unit puts life's essentials at your doorstep--mere minutes from top hospitals, excellent schools, vibrant shopping, and endless conveniences. Ideal for first-time buyers, downsizers, or savvy investors!Recently refreshed with thoughtful updates over the past few years, including modern flooring, updated appliances, stainless steel kitchen sink, ceiling fans, fresh paint, and a reliable HVAC system. Best of all? It's turnkey, complete with range, microwave and dishwasher. Simply bring your furniture and start living your best life.With a proven track record as a high-demand rental, this gem offers excellent income potential for those eyeing an investment property.

16. 2025-11-10
    price $79,900 760-char remark

    Show marketing remark (760 chars)

    Nestled in a prime location, this stunning one-bedroom, one-bathroom ground-floor corner unit puts life's essentials at your doorstep--mere minutes from top hospitals, excellent schools, vibrant shopping, and endless conveniences. Ideal for first-time buyers, downsizers, or savvy investors!Recently refreshed with thoughtful updates over the past few years, including modern flooring, updated appliances, stainless steel kitchen sink, ceiling fans, fresh paint, and a reliable HVAC system. Best of all? It's turnkey, complete with range, microwave and dishwasher. Simply bring your furniture and start living your best life.With a proven track record as a high-demand rental, this gem offers excellent income potential for those eyeing an investment property.

17. 2025-11-10
    price $799,000 760-char remark

    Show marketing remark (760 chars)

    Nestled in a prime location, this stunning one-bedroom, one-bathroom ground-floor corner unit puts life's essentials at your doorstep--mere minutes from top hospitals, excellent schools, vibrant shopping, and endless conveniences. Ideal for first-time buyers, downsizers, or savvy investors!Recently refreshed with thoughtful updates over the past few years, including modern flooring, updated appliances, stainless steel kitchen sink, ceiling fans, fresh paint, and a reliable HVAC system. Best of all? It's turnkey, complete with range, microwave and dishwasher. Simply bring your furniture and start living your best life.With a proven track record as a high-demand rental, this gem offers excellent income potential for those eyeing an investment property.

18. 2025-10-27
    listed $85,000 Active 760-char remark

    Show marketing remark (760 chars)

    Nestled in a prime location, this stunning one-bedroom, one-bathroom ground-floor corner unit puts life's essentials at your doorstep--mere minutes from top hospitals, excellent schools, vibrant shopping, and endless conveniences. Ideal for first-time buyers, downsizers, or savvy investors!Recently refreshed with thoughtful updates over the past few years, including modern flooring, updated appliances, stainless steel kitchen sink, ceiling fans, fresh paint, and a reliable HVAC system. Best of all? It's turnkey, complete with range, microwave and dishwasher. Simply bring your furniture and start living your best life.With a proven track record as a high-demand rental, this gem offers excellent income potential for those eyeing an investment property.

19. 2005-10-02
    listed $60,000

ⓘ 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: $627 · $52/mo
• Projected year-2 tax: $627 · $52/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $11,004
• − Mortgage interest: −$4,201
• − Property taxes: −$627
• − Insurance: −$375
• − Repairs & maintenance: −$880
• − Management: −$880
• − HOA: −$2,700
• − Depreciation: −$2,182
• Taxable loss: −$841
• Est. tax savings @ 24.0%: +$202
• After-tax cash flow: $474/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

+25.0% since first listed

7 events — show timeline

• 2026-04-15 Relisted — AcadianaMLS
• 2026-04-15 Pending — AcadianaMLS
• 2026-04-13 Price Changed $75,000 AcadianaMLS
• 2025-11-10 Price Changed $79,900 AcadianaMLS
• 2025-11-10 Price Changed $799,000 AcadianaMLS
• 2025-10-27 Listed $85,000 AcadianaMLS
• 2005-10-02 Listed $60,000 AcadianaMLS

Property tax history

+3.1%/yr

Latest (2025): $627 · -1.1% YoY. Source: county tax records.