129 Lena St · Lafayette, LA 70501

$110,000

2 bd · 1.0 ba · 872 sqft · SingleFamily public records · 3 Days on market

Built 1960 6,969 sqft lot

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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).

• Cash flow +16.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• Rent growth +4.3/5.0
• 1% rule +3.7/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR SPECIAL!!Welcome to 129 Lena St. in Lafayette--a charming 2-bedroom, 1-bath home full of character and opportunity! This cozy property offers a functional layout with comfortable living spaces, making it perfect for first-time buyers, downsizers, or investors looking for a solid addition to their portfolio.Step inside to find a warm and inviting atmosphere with great natural light and a layout designed for easy living. The kitchen provides ample cabinet space and flows nicely into the main living area, creating a comfortable space for everyday living or entertaining.Situated in a convenient location near local shops, dining, and everything Lafayette has to offer, this home combines affordability with accessibility. Whether you're looking for a place to call home or your next investment property, this one checks the boxes!Don't miss your chance to own a great home at a great value--schedule your showing today!

Key facts

• Metal roof
• Spacious backyard
• Large lot

Tags

• CENTRAL HEATING AND AIR
• METAL ROOF
• SPACIOUS BACKYARD
• LARGE LOT
• PUBLIC UTILITIES
• CONVENIENT LOCATION

Property features AI

Exterior

• Parking: Attached carport (1 covered space)
• Utilities: Public sewer; City electric (SLEMCO)
• Home design: Single family residence; City street frontage
• Construction: Vinyl siding with frame construction; Metal roof
• Exterior features: Outdoor lighting; Barn on property

Interior

• Kitchen: Dishwasher; Refrigerator; Gas stove
• Flooring: Vinyl plank
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Granite counters; Aluminum window frames; Double pane windows
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $65 ($781/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $96k (12.9% below list).
• Recommended offer: $96k (12.9% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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); Paul Breaux Middle School (math 30% / reading 37%, grade F, #100 of 218 statewide, top 47%, 680 students, 68% FRL); Northside High School (math 17% / reading 22%, grade F, #186 of 265 statewide, top 73%, 655 students, 83% FRL) — zoned schools average 72% FRL vs 56% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.3%/yr); 247 active listings in the ZIP; 27 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).
• This rent runs 34% 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 $761 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.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.
• Current owner paid $35k; list at $110k implies a 214% gain — meaningful room to come down on a strong offer.

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 $95,780 (12.9% below list)

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.87% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.54%
• DSCR: 1.11
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $56,680
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
129 Lena St	0.00mi	2/1.0	1,000 (+15%)	2mo	$35,000	$35	74
310 Sampson St	0.57mi	2/1.0	925 (+6%)	0mo	$17,000	$18	63
114 Whitney St	0.27mi	2/1.0	972 (+12%)	15mo	$50,000	$51	56
411 N Saint Antoine St	0.65mi	2/1.0	848 (-3%)	13mo	$55,000	$65	55
114 Randolph Dr	0.66mi	3/1.0 (+1)	920 (+6%)	7mo	$74,000	$80	50
1014 N Pierce St	0.30mi	2/1.0	750 (-14%)	17mo	$47,000	$63	49
100 Antelope Ct	0.70mi	2/1.0	960 (+10%)	3mo	$61,100	$64	48
421 N Saint Antoine St	0.64mi	2/1.0	791 (-9%)	8mo	$47,500	$60	48
810 N St Antoine St	0.52mi	3/2.0 (+1)	967 (+11%)	3mo	$161,600	$167	46
202 Hobson St	0.60mi	2/1.0	1,000 (+15%)	7mo	$110,000	$110	41
800 N St Antoine St	0.54mi	2/1.0	742 (-15%)	14mo	$95,000	$128	38
111 Lincoln St	0.74mi	2/1.0	980 (+12%)	19mo	$122,000	$124	29

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: -7.9%
• Equity multiple: 0.70×
• Total profit: $-9,332
• Equity at exit: $16,401

10-year hold

• IRR: 6.2%
• Equity multiple: 1.54×
• Total profit: $16,742
• Equity at exit: $9,511

Cash invested: $30,800 (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: 9.6×

Monthly cashflow live

• Estimated rent: $958 high
• Mortgage (P&I): −$577
• Tax from tax record: −$69 /mo · $827/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $65

Break-even live

Break-even rent $875

Max offer price $110,000

Occupancy floor 88%

Sensitivity live

Price	-10% $127	-5% $96	+0% $65	+5% $34	+10% $3
Rent	-10% $-11	-5% $27	+0% $65	+5% $103	+10% $141
Rate	-1.0pp $120	-0.5pp $93	base $65	+0.5pp $37	+1.0pp $8

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
810 Fairmont Ln Lafayette, LA	3.0	1.0	1000	$992	$0.99	45d	1	0.54mi
319 Tissington St Lafayette, LA	2.0	1.0	956	$775	$0.81	45d	1	0.54mi
301 Sampson St Lafayette, LA	1.0	1.0	545	$750	$1.38	15d	1	0.55mi
206 N Washington St Lafayette, LA	3.0	1.0	900	$900	$1.00	22d	1	0.57mi
815 Martin Luther King Junior Dr Apt 29 Lafayette, LA	2.0	1.0	873	$800	$0.92	22d	1	0.60mi
815 Martin Luther King Junior Dr Unit 40 Lafayette, LA	2.0	1.0	873	$800	$0.92	45d	1	0.60mi
313 Hobson St Lafayette, LA	3.0	1.0	1000	$1,100	$1.10	22d	1	0.61mi
215 Peggy St Lafayette, LA	3.0	2.0	1100	$1,100	$1.00	15d	1	0.71mi
215 Peggy St Lafayette, LA	3.0	2.0	1100	$1,100	$1.00	22d	1	0.71mi
241 N Pine St Lafayette, LA	2.0	1.0	864	$950	$1.10	45d	1	0.91mi
246 Paul Breaux Ave Lafayette, LA	3.0	1.0	989	$1,100	$1.11	45d	1	0.91mi
503 Joan St Lafayette, LA	3.0	2.0	1000	$1,400	$1.40	22d	1	0.95mi
610 Sunset Dr Lafayette, LA	2.0	1.0	1000	$800	$0.80	45d	1	1.04mi
406 Voorhies St Unit B Lafayette, LA	1.0	1.0	575	$825	$1.43	22d	1	1.04mi
1030 9th St Lafayette, LA	2.0	1.0	800	$800	$1.00	45d	1	1.18mi
1901 W University Ave Lafayette, LA	2.0	1.0	600	$800	$1.33	15d	1	1.27mi
406 Silkwood St Unit D Lafayette, LA	2.0	1.0	800	$850	$1.06	45d	1	1.28mi
111 Sternberg Dr Lafayette, LA	3.0	2.0	1050	$900	$0.86	45d	1	1.33mi
2820 Louisiana Ave Lafayette, LA	1.0–2.0	1.0–2.0	821	$1,145	$1.39	15d	20	1.39mi
124 E Main St Lafayette, LA	1.0	1.0	789	$1,380	$1.75	15d	7	1.40mi
106 Ash Ln Unit A Lafayette, LA	1.0	1.0	657	$1,595	$2.43	15d	1	1.41mi
111 Dora St Lafayette, LA	3.0	1.0	1000	$750	$0.75	45d	1	1.42mi
2830 Louisiana Ave #6 Lafayette, LA	2.0	1.5	1100	$950	$0.86	15d	1	1.44mi
2826 Louisiana Ave #907 Lafayette, LA	2.0	2.5	1100	$950	$0.86	22d	1	1.46mi
127 Nancy Ln Lafayette, LA	2.0	1.0	600	$850	$1.42	22d	1	1.46mi
125 Nancy Ln Lafayette, LA	2.0	1.0	600	$850	$1.42	22d	1	1.46mi
617 E Vermilion St Unit C Lafayette, LA	2.0	1.0	625	$1,199	$1.92	15d	1	1.48mi

Listing history 3 events

1. 2026-06-21
   days on market $110,000 Active 3 DOM
2. 2026-06-19
   remarks 699-char remark
3. 2026-06-19
   listed $110,000 Active 1 DOM

ⓘ 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: $827 · $69/mo
• Projected year-2 tax: $827 · $69/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°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: $11,494
• − Mortgage interest: −$6,162
• − Property taxes: −$827
• − Insurance: −$550
• − Repairs & maintenance: −$919
• − Management: −$919
• − Depreciation: −$3,200
• Taxable loss: −$1,084
• Est. tax savings @ 24.0%: +$260
• After-tax cash flow: $1,041/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

+69.5% since first listed

5 events — show timeline

• 2026-06-18 Listed $110,000 AcadianaMLS
• 2026-04-29 Sold (MLS) $35,000 AcadianaMLS
• 2026-04-23 Pending — AcadianaMLS
• 2026-04-22 Price Changed $44,900 AcadianaMLS
• 2026-04-21 Listed $64,900 AcadianaMLS

Property tax history

+41.3%/yr

Latest (2025): $827 · -1.1% YoY. Source: county tax records.