Cali Plan · New Iberia, LA 70560

$247,500

4 bd · 2.0 ba · 1,836 sqft · SingleFamily · 1016 Days on market

Good condition

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Cali Plan, at Coteau Ridge, our new home community in New Iberia, Louisiana. Just over 1,800 square feet, this beautiful single- story home offers 4-bedrooms with 2-bathrooms, a 2-car garage, and a seamless open layout. As you enter the home, you are met with an inviting foyer with storage, a full guest bathroom, and a hall leading to the 2nd and 3rd bedrooms. Further down the hall provides access to the 2-car garage, storage, and your laundry room. Privately tucked away in this area is also the additional 4th bedroom, ideal for guest stays, bonus rooms or a private office. Further into the home, you will find the open layout of the living area and beautiful kitchen. The kitchen includes granite countertops, stainless steel gas range, microwave, and dishwasher, stylish shaker cabinetry, and center island- perfect for extra seating. With natural light and nearby covered patio access, the living and dining area are integrated perfectly to complete this relaxing atmosphere. The primary bedroom is tucked away off the living area and includes an ensuite bathroom and large walk-in closet. The spa-like ensuite includes a garden tub, relaxing shower, and granite vanity sink. In addition to all the features and amenities our Cali Plan offers, each Cali is built with our Smart Home technology package, designed to bring the ease and convenience of life right to your fingertips. As a most popular favorite, this plan is ideal for any size family.

Key facts

• 2 garage spots
• Listed 1015 days

🏗️ New construction. The $247,500 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $248,813.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $248k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $248k).
• Recommended offer: $218k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 5.3% 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: 352 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 94 units permitted in Iberia Parish in 2024 (0 in 5+ unit buildings).
• At $4,000/mo this rent would consume 99% of the median local household income ($48k/yr) — 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 $2k of loan paydown is wiped out by about $7k 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 $70k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 1016 days — a 12% lower offer ($218k) is reasonable based on typical stale-listing flexibility.

Recommended offer $217,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 1016 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.61% ✓
• Cap rate: 13.24%
• Cash-on-cash: 24.81%
• DSCR: 2.10
• GRM: 5.2

CMA / ARV

• ARV (median comp): $248,813
• List price: $247,500
• Delta: -0.53%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1511 Ashland Rdg	0.09mi	4/2.0	1,836 (0%)	0mo	$247,500	$135	96
1506 Colonel Rdg	0.08mi	4/2.0	1,836 (0%)	2mo	$247,500	$135	95
1513 Colonel Rdg	0.10mi	4/2.0	1,836 (0%)	4mo	$247,500	$135	92
1518 Colonel Rdg	0.08mi	4/2.0	1,836 (0%)	5mo	$250,000	$136	92
1512 Ashland Rdg	0.10mi	4/2.0	1,874 (+2%)	0mo	$250,500	$134	92
1601 Colonel Rdg	0.07mi	4/2.0	1,874 (+2%)	6mo	$255,500	$136	88
1514 Colonel Rdg	0.13mi	4/2.0	1,874 (+2%)	4mo	$250,500	$134	87
1512 Colonel Rdg	0.11mi	4/2.0	1,704 (-7%)	3mo	$235,000	$138	80
1503 Colonel Rdg	0.09mi	3/2.0 (-1)	1,616 (-12%)	1mo	$234,500	$145	70
1517 Colonel Rdg	0.08mi	3/2.0 (-1)	1,616 (-12%)	5mo	$234,500	$145	67
1515 Colonel Rdg	0.09mi	5/3.0 (+1)	2,087 (+14%)	4mo	$267,500	$128	60
1605 Penrose Rdg	0.12mi	5/3.0 (+1)	2,087 (+14%)	6mo	$272,500	$131	58

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: 18.2%
• Equity multiple: 1.74×
• Total profit: $51,489
• Equity at exit: $37,099

10-year hold

• IRR: 26.7%
• Equity multiple: 3.34×
• Total profit: $163,219
• Equity at exit: $21,513

Cash invested: $69,668 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 14 active · 9 under contract
• Months of supply: 5.6 mo (18%/mo absorbed)
• Median asking: $249,000 ($136/sqft)
• Median days on market: 649 d
• This list price: 43% of active listings are priced below it
• ARV vs active asking: -0.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70560

• Home prices YoY: -29.8%
• Active inventory: 352
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $4,000 medium
• Mortgage (P&I): −$1,305
• Tax est. 1.5%: −$311 /mo · $3,732/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$840
• Net cashflow: $1,441

Break-even live

Break-even rent $2,177

Max offer price $248,813

Occupancy floor 59%

Sensitivity live

Price	-10% $1,612	-5% $1,526	+0% $1,441	+5% $1,355	+10% $1,269
Rent	-10% $1,125	-5% $1,283	+0% $1,441	+5% $1,599	+10% $1,757
Rate	-1.0pp $1,566	-0.5pp $1,504	base $1,441	+0.5pp $1,376	+1.0pp $1,310

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: $62,203
• Closing costs: $7,464
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1802 Saddle Back Rdg New Iberia, LA	4.0	2.0	1874	$4,000	$2.13	117d	1	0.04mi

Listing history 50 events

1. 2026-09-24
   days on market $247,500 Active 1016 DOM
2. 2026-09-24
   days on market $247,500 Active 1015 DOM
3. 2026-09-22
   days on market $247,500 Active 1014 DOM
4. 2026-09-20
   days on market $247,500 Active 1012 DOM
5. 2026-09-18
   days on market $247,500 Active 1010 DOM
6. 2026-09-17
   days on market $247,500 Active 1009 DOM
7. 2026-09-16
   days on market $247,500 Active 1008 DOM
8. 2026-09-15
   days on market $247,500 Active 1007 DOM
9. 2026-09-14
   days on market $247,500 Active 1006 DOM
10. 2026-09-13
    days on market $247,500 Active 1005 DOM
11. 2026-09-12
    days on market $247,500 Active 1004 DOM
12. 2026-09-11
    days on market $247,500 Active 1003 DOM
13. 2026-09-05
    days on market $247,500 Active 997 DOM
14. 2026-09-04
    days on market $247,500 Active 996 DOM
15. 2026-09-03
    days on market $247,500 Active 995 DOM
16. 2026-08-31
    days on market $247,500 Active 992 DOM
17. 2026-08-30
    days on market $247,500 Active 991 DOM
18. 2026-08-29
    days on market $247,500 Active 990 DOM
19. 2026-08-28
    days on market $247,500 Active 989 DOM
20. 2026-08-27
    days on market $247,500 Active 988 DOM
21. 2026-08-25
    days on market $247,500 Active 986 DOM
22. 2026-08-24
    days on market $247,500 Active 985 DOM
23. 2026-08-23
    days on market $247,500 Active 984 DOM
24. 2026-08-22
    days on market $247,500 Active 983 DOM
25. 2026-08-21
    days on market $247,500 Active 982 DOM
26. 2026-08-20
    days on market $247,500 Active 981 DOM
27. 2026-08-19
    days on market $247,500 Active 980 DOM
28. 2026-08-18
    days on market $247,500 Active 979 DOM
29. 2026-08-17
    days on market $247,500 Active 978 DOM
30. 2026-08-16
    days on market $247,500 Active 977 DOM
31. 2026-08-15
    days on market $247,500 Active 976 DOM
32. 2026-08-15
    days on market $247,500 Active 975 DOM
33. 2026-08-13
    days on market $247,500 Active 974 DOM
34. 2026-08-12
    days on market $247,500 Active 973 DOM
35. 2026-08-11
    days on market $247,500 Active 972 DOM
36. 2026-08-10
    days on market $247,500 Active 971 DOM
37. 2026-08-09
    days on market $247,500 Active 970 DOM
38. 2026-08-08
    days on market $247,500 Active 969 DOM
39. 2026-08-07
    days on market $247,500 Active 968 DOM
40. 2026-08-06
    days on market $247,500 Active 967 DOM
41. 2026-08-05
    days on market $247,500 Active 966 DOM
42. 2026-08-04
    days on market $247,500 Active 965 DOM
43. 2026-08-03
    days on market $247,500 Active 964 DOM
44. 2026-07-31
    days on market $247,500 Active 961 DOM
45. 2026-07-30
    days on market $247,500 Active 960 DOM
46. 2026-07-29
    days on market $247,500 Active 959 DOM
47. 2026-07-27
    days on market $247,500 Active 957 DOM
48. 2026-07-25
    days on market $247,500 Active 955 DOM
49. 2026-07-24
    days on market $247,500 Active 954 DOM
50. 2026-07-23
    days on market $247,500 Active 953 DOM

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

Taxation est. · year 1

• Rental income: $48,000
• − Mortgage interest: −$13,937
• − Property taxes: −$3,732
• − Insurance: −$1,244
• − Repairs & maintenance: −$3,840
• − Management: −$3,840
• − Depreciation: −$7,238
• Taxable income: $14,168
• Est. tax owed @ 24.0%: −$3,400
• After-tax cash flow: $13,886/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 · 3 photos

Good 80/100 None rehab

This single-story home is in excellent condition with no visible repairs needed. It offers a good ROI with updates focusing on curb appeal and interior aesthetics.

Value-add opportunities

• Both Painting exterior and interior — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Fresh flooring improves aesthetics and functionality ↑
• Both New kitchen appliances — Modern appliances enhance functionality and appeal ↑

F Composite school gradezoned avg 35/100

Zoned Schools

Elementary Coteau Elementary School D LA #129/646 Nat'l #12,785/41,679 Middle Anderson Middle School F LA #119/218 Nat'l #9,410/14,009 High Westgate High School F LA #136/265 Nat'l #11,887/17,239

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

B Composite livability gradescore 73/100

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

• County: Iberia · 74,632 people
• Population (ZIP): 37,589
• Household income: $48,296
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 8% of renters

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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%

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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%

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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

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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

+2.1% since first listed

2 events — show timeline

• 2024-03-14 Price Changed $247,500 Zillow
• 2023-12-13 Listed $242,500 Zillow