1106 1/2 Lombard St · New Iberia, LA 70560

$37,350

2 bd · 2.5 ba · 1,911 sqft · SingleFamily · 64 Days on market

Poor condition 5,662 sqft lot $20/sqft · 66% below area

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Schedule your showing for this two bedroom home. The large dining room is open to the kitchen. Features four rooms that could be converted into bedrooms just by adding closets. Seller Pays: Buyer uses Premium Title Services, the seller's preferred title partner and closing agent. This lets the buyer bypass the title insurance fee, related search costs and reduced escrow/settlement fees, since the seller will cover those charges. The average charges for title search and insurance is $1225 & escrow/settlement fees is $875, resulting in an overall savings of ~$1660 for buyers, who opt for Premium Title Services.

Key facts

• 5,662 sq ft lot
• Parking
• Listed 64 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath single-family listed at $37k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $37k).
• Recommended offer: $35k (6.0% below list) — sets the bar for market timing.
• Cap rate 38.6% vs local median 5.8% in New Iberia — 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 73/100 on livability (#33 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D+, crime F, employment F.
• Iberia Parish (other): math 32% / reading 43% proficiency, ranked #27 of 98 in LA (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 237 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 94 units permitted in Iberia Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $258 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Iberia County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $4k (10%) 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 $35,109 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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?
8. 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.
9. 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.
10. 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: 4.28% ✓
• Cap rate: 38.55%
• Cash-on-cash: 115.21%
• DSCR: 6.13
• GRM: 1.9

CMA / ARV

• ARV (median comp): $109,246
• List price: $37,350
• Delta: -65.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1204 W Saint Peter St	0.55mi	3/2.5 (+1)	1,990 (+4%)	12mo	$150,000	$75	52
834 W St. Peter St	0.44mi	3/2.0 (+1)	1,769 (-7%)	18mo	$50,000	$28	45
1609 Wallace St	0.63mi	3/2.0 (+1)	1,694 (-11%)	1mo	$150,000	$89	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.54×
• Total profit: $57,923
• Equity at exit: $5,569

10-year hold

• IRR: —
• Equity multiple: 13.71×
• Total profit: $132,884
• Equity at exit: $3,229

Cash invested: $10,458 (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 70560

• Home prices YoY: -29.8%
• Active inventory: 237
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,598 medium
• Mortgage (P&I): −$196
• Tax est. 1.5%: −$47 /mo · $560/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $1,004

Break-even live

Break-even rent $327

Max offer price $37,350

Occupancy floor 32%

Sensitivity live

Price	-10% $1,030	-5% $1,017	+0% $1,004	+5% $991	+10% $978
Rent	-10% $878	-5% $941	+0% $1,004	+5% $1,067	+10% $1,130
Rate	-1.0pp $1,023	-0.5pp $1,014	base $1,004	+0.5pp $994	+1.0pp $985

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: $9,338
• Closing costs: $1,120
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
120 Guadalajara St New Iberia, LA	3.0	2.0	2278	$1,600	$0.70	21d	1	1.38mi
211 San Jose St New Iberia, LA	3.0	2.0	1397	$1,595	$1.14	14d	1	1.45mi

Listing history 23 events

1. 2026-06-18
   days on market $37,350 Active 64 DOM
2. 2026-06-17
   days on market $37,350 Active 63 DOM
3. 2026-06-16
   days on market $37,350 Active 62 DOM
4. 2026-06-15
   price $37,350 Active 61 DOM
5. 2026-06-15
   days on market $39,425 Active 61 DOM
6. 2026-06-14
   days on market $39,425 Active 59 DOM
7. 2026-06-13
   days on market $39,425 Active 58 DOM
8. 2026-06-10
   days on market $39,425 Active 56 DOM
9. 2026-06-09
   days on market $39,425 Active 55 DOM
10. 2026-06-08
    days on market $39,425 Active 54 DOM
11. 2026-06-07
    days on market $39,425 Active 53 DOM
12. 2026-06-05
    days on market $39,425 Active 50 DOM
13. 2026-06-03
    days on market $39,425 Active 49 DOM
14. 2026-06-02
    days on market $39,425 Active 48 DOM
15. 2026-06-01
    days on market $39,425 Active 47 DOM
16. 2026-05-31
    days on market $39,425 Active 46 DOM
17. 2026-05-30
    days on market $39,425 Active 45 DOM
18. 2026-05-12
    price $39,425 620-char remark

    Show marketing remark (620 chars)

    Schedule your showing for this two bedroom home. The large dining room is open to the kitchen. Features four rooms that could be converted into bedrooms just by adding closets. Seller Pays: Buyer uses Premium Title Services, the seller's preferred title partner and closing agent. This lets the buyer bypass the title insurance fee, related search costs and reduced escrow/settlement fees, since the seller will cover those charges. The average charges for title search and insurance is $1225 & escrow/settlement fees is $875, resulting in an overall savings of ~$1660 for buyers, who opt for Premium Title Services.

19. 2026-04-15
    listed $41,500 Active 620-char remark

    Show marketing remark (620 chars)

    Schedule your showing for this two bedroom home. The large dining room is open to the kitchen. Features four rooms that could be converted into bedrooms just by adding closets. Seller Pays: Buyer uses Premium Title Services, the seller's preferred title partner and closing agent. This lets the buyer bypass the title insurance fee, related search costs and reduced escrow/settlement fees, since the seller will cover those charges. The average charges for title search and insurance is $1225 & escrow/settlement fees is $875, resulting in an overall savings of ~$1660 for buyers, who opt for Premium Title Services.

20. 2024-05-01
    price $80,000
21. 2024-01-08
    price $90,000
22. 2023-11-29
    price $105,000
23. 2023-11-06
    listed $110,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,173
• − Mortgage interest: −$2,092
• − Property taxes: −$560
• − Insurance: −$187
• − Repairs & maintenance: −$1,534
• − Management: −$1,534
• − Depreciation: −$1,087
• Taxable income: $12,179
• Est. tax owed @ 24.0%: −$2,923
• After-tax cash flow: $9,126/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.

Condition & rehab AI · 13 photos

Poor 30/100 Extensive rehab

This home requires extensive repairs and renovations to bring it up to a livable condition. A complete kitchen and bathroom renovation, along with exterior painting and landscaping, would significantly increase its resale and rental value.

Repairs flagged

• Major Kitchen cabinets — Exposed subfloor and missing countertops indicate severe damage
• Major Bathroom fixtures — Exposed subfloor and missing tiles indicate severe damage
• Major Exterior siding — Missing paint and worn siding indicate severe damage
• Major Windows — Worn frames and missing glass indicate severe damage
• Major Landscaping — Overgrown landscaping and worn fence indicate severe neglect

Value-add opportunities

• Resale Kitchen renovation — A new kitchen will attract more buyers and increase the home's appeal
• Resale Bathroom renovation — A new bathroom will attract more buyers and increase the home's appeal
• Both Exterior painting and landscaping — A fresh exterior will improve curb appeal and attract more renters

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Exposed subfloor and missing countertops indicate severe damage	Major	$15,000–50,000
Bathroom fixtures · Exposed subfloor and missing tiles indicate severe damage	Major	$15,000–50,000
Exterior siding · Missing paint and worn siding indicate severe damage	Major	$15,000–50,000
Windows · Worn frames and missing glass indicate severe damage	Major	$15,000–50,000
Landscaping · Overgrown landscaping and worn fence indicate severe neglect	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Resale Kitchen renovation — A new kitchen will attract more buyers and increase the home's appeal ↑
• Resale Bathroom renovation — A new bathroom will attract more buyers and increase the home's appeal ↑
• Both Exterior painting and landscaping — A fresh exterior will improve curb appeal and attract more renters ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Iberia Parish
• NCES district ID: 2200720
• Math proficiency: 32% ▼ -43.00%
• Reading proficiency: 43% ▼ -35.00%
• Median HH income: $43,289
• Composite: 31.74/100
• National rank: #5904
• State rank: #27 of 98 in LA

Livability — New Iberia

• Score: 73/100
• State rank: #33
• US rank: #5376

Category grades

Amenities C Commute D+ Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Iberia, LA
• Population (ZIP): 37,589

Population outlook (Iberia County) Hauer SSP2

• Today (2025): 74,632 people
• By 2030: 74,368 · -0.4%
• By 2040: 73,223 · -1.9%
• By 2050: 71,728 · -3.9%
• By 2075: 69,028 · -7.5%
• By 2100: 65,018 · -12.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 52% Black 35% Two or more races 8% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 11% Italian 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · French/Haitian/Cajun 3% Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Iberia

• 2024 margin: Solid R (+34.1) · D 32.4% · R 66.5% · Other 1.1%
• 2008→2024 swing: -11.1pp toward R · 2008: -23.0pp · 2024: -34.1pp
• All cycles: 2024: R+34.1 2020: R+31.2 2016: R+31.4 2012: R+26.2 2008: R+23.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.82%
• Current HPI: 154.9018
• Rent YoY: —
• Metro: —
• 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

-64.2% since first listed

6 events — show timeline

• 2026-05-12 Price Changed $39,425 AcadianaMLS
• 2026-04-15 Listed $41,500 AcadianaMLS
• 2024-05-01 Price Changed $80,000 AcadianaMLS
• 2024-01-08 Price Changed $90,000 AcadianaMLS
• 2023-11-29 Price Changed $105,000 AcadianaMLS
• 2023-11-06 Listed $110,000 AcadianaMLS