308 Sunnyside Ln · Lafayette, LA 70501

$44,500

4 bd · 2.0 ba · 1,250 sqft · SingleFamily public records · 277 Days on market

Built 1964 4,356 sqft lot $36/sqft · 45% below area Est $81k · 45% under ↓ 24% since listing

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

Listing remarks MLS

4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

Key facts

• 4,356 sq ft lot
• Parking
• Built 1964

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $44k.

Deal economics

• At list price, monthly cash flow is $809 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $44k).
• Recommended offer: $39k (12.0% below list) — sets the bar for market timing.
• Cap rate 28.1% 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); 247 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).
• At $1,402/mo this rent would consume 50% 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 $308 of loan paydown is wiped out by about $1k 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 $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 277 days — a 12% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $14k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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 $39,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 277 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 1964 — 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: 3.15% ✓
• Cap rate: 28.10%
• Cash-on-cash: 77.89%
• DSCR: 4.47
• GRM: 2.6

CMA / ARV

• ARV (median comp): $80,983
• List price: $44,500
• Delta: -45.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
210 Lilly St	0.41mi	3/1.0 (-1)	1,200 (-4%)	2mo	$21,000	$18	63
106 13th St	0.35mi	4/2.0	1,388 (+11%)	4mo	$51,000	$37	62
708 Louisiana Ave	0.52mi	3/2.0 (-1)	1,210 (-3%)	6mo	$99,000	$82	60
113 Dorian Dr	0.67mi	3/2.0 (-1)	1,203 (-4%)	2mo	$164,000	$136	56
717 S Sterling St	0.36mi	3/2.0 (-1)	1,109 (-11%)	10mo	$123,000	$111	52
609 E Vermilion St	0.66mi	3/1.5 (-1)	1,240 (-1%)	17mo	$225,000	$181	46
105 Chag St	0.20mi	3/1.0 (-1)	1,062 (-15%)	16mo	$52,500	$49	43
106 Violet St	0.65mi	3/2.0 (-1)	1,343 (+7%)	12mo	$51,250	$38	42
138 N General Marshall St	0.70mi	3/2.0 (-1)	1,404 (+12%)	1mo	$105,000	$75	41
518 S Magnolia St	0.44mi	3/2.0 (-1)	1,092 (-13%)	16mo	$155,000	$142	40
508 S Sterling St	0.49mi	3/2.0 (-1)	1,076 (-14%)	18mo	$141,000	$131	34
1740 E Pinhook Rd	0.73mi	3/2.0 (-1)	1,425 (+14%)	10mo	$140,984	$99	30

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: 82.8%
• Equity multiple: 5.07×
• Total profit: $50,720
• Equity at exit: $6,635

10-year hold

• IRR: 87.2%
• Equity multiple: 12.18×
• Total profit: $139,313
• Equity at exit: $3,848

Cash invested: $12,460 (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: 2.6×

Monthly cashflow live

• Estimated rent: $1,402 high
• Mortgage (P&I): −$233
• Tax from tax record: −$47 /mo · $564/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $809

Break-even live

Break-even rent $378

Max offer price $44,500

Occupancy floor 37%

Sensitivity live

Price	-10% $834	-5% $821	+0% $809	+5% $796	+10% $784
Rent	-10% $698	-5% $753	+0% $809	+5% $864	+10% $920
Rate	-1.0pp $831	-0.5pp $820	base $809	+0.5pp $797	+1.0pp $785

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: $11,125
• Closing costs: $1,335
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
908 Saint Charles St Lafayette, LA	3.0	2.0	1200	$1,250	$1.04	22d	1	0.27mi
126 S Refinery St Lafayette, LA	4.0	2.0	1550	$1,495	$0.96	45d	1	0.46mi
1002 E Simcoe St Lafayette, LA	4.0	2.0	1100	$950	$0.86	45d	1	0.71mi
330 General Mouton Ave Lafayette, LA	3.0	1.0	1200	$1,500	$1.25	14d	1	0.85mi
213 General Gardner Ave Lafayette, LA	3.0	1.0	1300	$1,750	$1.35	22d	1	0.93mi
228 Amelia St Lafayette, LA	3.0	1.5	1796	$2,300	$1.28	22d	1	1.15mi
423 Sampson St Lafayette, LA	4.0	2.0	1400	$950	$0.68	45d	1	1.21mi
1120 S Washington St Unit B Lafayette, LA	3.0	2.0	1030	$2,400	$2.33	14d	1	1.21mi
313 Hobson St Lafayette, LA	3.0	1.0	1000	$1,100	$1.10	22d	1	1.23mi
3600 E Simcoe St Lafayette, LA	1.0–3.0	1.0–2.0	1100	$1,300	$1.18	14d	5	1.31mi
215 Versailles Blvd Unit 3 Lafayette, LA	3.0	2.0	1800	$1,675	$0.93	22d	1	1.46mi

Listing history 8 events

1. 2026-05-04
   status Pending 76-char remark

   Show marketing remark (76 chars)

   4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

2. 2026-01-21
   status Active 76-char remark

   Show marketing remark (76 chars)

   4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

3. 2026-01-21
   price $44,500 76-char remark

   Show marketing remark (76 chars)

   4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

4. 2026-01-18
   status Pending 76-char remark

   Show marketing remark (76 chars)

   4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

5. 2025-10-16
   price $54,500 76-char remark

   Show marketing remark (76 chars)

   4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

6. 2025-09-12
   status Active 76-char remark

   Show marketing remark (76 chars)

   4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

7. 2025-09-09
   status Pending 76-char remark

   Show marketing remark (76 chars)

   4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

8. 2025-07-23
   listed $58,500 Active 76-char remark

   Show marketing remark (76 chars)

   4 Bedroom home located within the city limits of Lafayette. Sold Furnished.

ⓘ 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: $564 · $47/mo
• Projected year-2 tax: $564 · $47/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 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: $16,825
• − Mortgage interest: −$2,493
• − Property taxes: −$564
• − Insurance: −$222
• − Repairs & maintenance: −$1,346
• − Management: −$1,346
• − Depreciation: −$1,295
• Taxable income: $9,559
• Est. tax owed @ 24.0%: −$2,294
• After-tax cash flow: $7,411/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

-23.9% since first listed

8 events — show timeline

• 2026-05-04 Pending — AcadianaMLS
• 2026-01-21 Relisted — AcadianaMLS
• 2026-01-21 Price Changed $44,500 AcadianaMLS
• 2026-01-18 Pending — AcadianaMLS
• 2025-10-16 Price Changed $54,500 AcadianaMLS
• 2025-09-12 Relisted — AcadianaMLS
• 2025-09-09 Pending — AcadianaMLS
• 2025-07-23 Listed $58,500 AcadianaMLS

Property tax history

+44.9%/yr

Latest (2025): $564 · -1.1% YoY. Source: county tax records.