301 Thelma Dr, Lafayette, LA, 70506
About This Home
Maximize your portfolio's potential with 301 Thelma, a high performing 2-bedroom, 1-bathroom investment property perfectly situated in the high-demand University of Louisiana at Lafayette corridor. Spanning 966 square feet of low-maintenance living space, this cottage is a standout for savvy investors seeking immediate, reliable cash flow in a premier rental market. Currently generating $925 in monthly rental income, the property offers a 'set and forget' ownership experience with a proven track record of occupancy. Its strategic location ensures long-term desirability, providing tenants with unbeatable walkability to campus, local dining, and the vibrant energy of the university district. Whether you are looking to secure a solid individual asset or scale quickly by purchasing this home as part of a larger multi-property package, 301 Thelma represents a rare chance to own prime real estate in a stable, appreciating area. Act now to capture this consistent revenue stream and strengthen your position in the Lafayette market.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Fixer
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
- Construction materials: Wood Siding,Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Refrigerator,Washer,Gas Stove Con
- Laundry features: Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Built-in Features,Crown Molding,Tile Counters
- Flooring: Vinyl,Wood
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 966 sqft
Property
Details
- Parcel number: 6029096
Features
- Stories: 1
- Patio & porch: Covered,Porch
- Exterior features: Lighting
- Fencing: Chain Link,Partial
Lot
- Lot size: 7,840 sqft
- Features: 0 to 0.5 Acres,Corner Lot
- Lot size dimensions: 70 x 115
Parking
- Total spaces: 1
- Parking features: Carport
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Cold Wave
- Inland Flooding
- Heat Wave
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Louisiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $429 | $5,148 |
| Home Insurance * | $88 | $1,056 |
| Property Taxes | $40 | $480 |
| Electricity | $147 | $1,773 |
| Total | $704 | $8,448 |
Income You'd Need if You Spent...
Louisiana FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-15 | Listed for sale | $85,000 |
| 2026-06-08 | Pending sale | $85,000 |
| 2026-05-26 | Listed for sale | $85,000 |
| 2026-04-22 | Listing removed | $100,000 |
| 2026-04-15 | Listed for sale | $100,000 |
| 2025-11-01 | Listing removed | $100,000 |
| 2025-02-22 | Listed for sale | $100,000 |
| 2025-02-14 | Pending sale | $100,000 |
| 2024-03-21 | Listed for sale | $100,000 |
| 2023-06-14 | Listing removed | -- |
| 2023-05-24 | Listed for rent | $900 |
| 2022-04-29 | Listing removed | -- |
| 2022-04-18 | Listed for rent | $900 |
| 2017-06-14 | Sold | -- |
| 2017-05-09 | Pending sale | $92,000 |
| 2017-01-11 | Listed for sale | $92,000 |
| 2014-10-22 | Listing removed | $93,400 |
| 2014-08-04 | Price change | $93,400 |
| 2014-07-27 | Price change | $93,500 |
| 2014-07-13 | Price change | $93,600 |
| 2014-07-04 | Price change | $93,700 |
| 2014-06-29 | Price change | $93,800 |
| 2014-06-22 | Price change | $93,900 |
| 2014-06-15 | Price change | $94,000 |
| 2014-04-22 | Listed for sale | $95,000 |
| 2006-09-07 | Sold | -- |
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