707 Field St · New Iberia, LA 70560

$80,000

4 bd · 2.0 ba · 1,384 sqft · Other · 216 Days on market

6,098 sqft lot $58/sqft · 17% above area Est $68k · 17% over

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Why this score? — see what drove the C+ 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
• Livability +3.7/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors! This tenant-occupied home has had several updates including a new roof, some new paint, flooring updates, plus much more. Either add this home to your portfolio or consider becoming an investor today!

Key facts

• Flooring updates
• New roof
• 6,098 sq ft lot

Tags

• NEW ROOF
• FLOORING UPDATES

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $80k.

Deal economics

• At list price, monthly cash flow is $868 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.3% 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; 1 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 $553 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 216 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 18y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $80k implies a 302% 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 $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 216 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: 2.14% ✓
• Cap rate: 19.32%
• Cash-on-cash: 46.51%
• DSCR: 3.07
• GRM: 3.9

CMA / ARV

• ARV (median comp): $68,295
• List price: $80,000
• Delta: 17.14%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 43.8%
• Equity multiple: 2.89×
• Total profit: $42,319
• Equity at exit: $11,928

10-year hold

• IRR: 49.8%
• Equity multiple: 5.82×
• Total profit: $107,984
• Equity at exit: $6,917

Cash invested: $22,400 (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: 3.9×

Monthly cashflow live

• Estimated rent: $1,708 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$28 /mo · $338/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $868

Break-even live

Break-even rent $609

Max offer price $80,000

Occupancy floor 44%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2118 W Old Spanish Trl New Iberia, LA	1.0–3.0	1.0–2.0	1013	$1,708	$1.69	13d	23	1.30mi

Listing history 29 events

1. 2026-06-18
   days on market $80,000 Active 216 DOM
2. 2026-06-17
   days on market $80,000 Active 215 DOM
3. 2026-06-16
   days on market $80,000 Active 214 DOM
4. 2026-06-15
   days on market $80,000 Active 213 DOM
5. 2026-06-14
   days on market $80,000 Active 211 DOM
6. 2026-06-13
   days on market $80,000 Active 210 DOM
7. 2026-06-10
   days on market $80,000 Active 208 DOM
8. 2026-06-09
   days on market $80,000 Active 207 DOM
9. 2026-06-08
   days on market $80,000 Active 206 DOM
10. 2026-06-07
    days on market $80,000 Active 205 DOM
11. 2026-06-05
    days on market $80,000 Active 202 DOM
12. 2026-06-03
    days on market $80,000 Active 201 DOM
13. 2026-06-02
    days on market $80,000 Active 200 DOM
14. 2026-06-01
    days on market $80,000 Active 199 DOM
15. 2026-05-31
    days on market $80,000 Active 198 DOM
16. 2026-05-30
    days on market $80,000 Active 197 DOM
17. 2026-02-20
    price $80,000 225-char remark

    Show marketing remark (225 chars)

    Calling all investors! This tenant-occupied home has had several updates including a new roof, some new paint, flooring updates, plus much more. Either add this home to your portfolio or consider becoming an investor today!

18. 2026-01-12
    price $87,000 225-char remark

    Show marketing remark (225 chars)

    Calling all investors! This tenant-occupied home has had several updates including a new roof, some new paint, flooring updates, plus much more. Either add this home to your portfolio or consider becoming an investor today!

19. 2025-11-14
    listed $90,000 Active 225-char remark

    Show marketing remark (225 chars)

    Calling all investors! This tenant-occupied home has had several updates including a new roof, some new paint, flooring updates, plus much more. Either add this home to your portfolio or consider becoming an investor today!

20. 2024-11-07
    listed $50,000 Active
21. 2024-04-12
    status Active
22. 2024-04-05
    status Pending
23. 2024-03-26
    listed $50,000 Active
24. 2019-11-14
    soldstatus $19,900
25. 2019-09-27
    listed $19,900
26. 2009-03-13
    soldstatus $38,000
27. 2009-03-12
    soldstatus $38,000
28. 2008-09-08
    listed $42,000
29. 2008-06-20
    soldstatus

ⓘ 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: $338 · $28/mo
• Projected year-2 tax: $440 · $37/mo
• Expected delta: +$102/yr (+$8/mo · 30.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 9% 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: $20,496
• − Mortgage interest: −$4,481
• − Property taxes: −$338
• − Insurance: −$400
• − Repairs & maintenance: −$1,640
• − Management: −$1,640
• − Depreciation: −$2,327
• Taxable income: $9,670
• Est. tax owed @ 24.0%: −$2,321
• After-tax cash flow: $8,098/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: 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

+90.5% since first listed

13 events — show timeline

• 2026-02-20 Price Changed $80,000 AcadianaMLS
• 2026-01-12 Price Changed $87,000 AcadianaMLS
• 2025-11-14 Listed $90,000 AcadianaMLS
• 2024-11-07 Listed $50,000 AcadianaMLS
• 2024-04-12 Relisted — AcadianaMLS
• 2024-04-05 Pending — AcadianaMLS
• 2024-03-26 Listed $50,000 AcadianaMLS
• 2019-11-14 Sold (MLS) $19,900 AcadianaMLS
• 2019-09-27 Listed $19,900 AcadianaMLS
• 2009-03-13 Sold (Public Records) $38,000 Public Records
• 2009-03-12 Sold (MLS) $38,000 AcadianaMLS
• 2008-09-08 Listed $42,000 AcadianaMLS
• 2008-06-20 Sold (Public Records) — Public Records

Property tax history

-0.1%/yr

Latest (2025): $338 · +2.0% YoY. Source: county tax records.