Fargo Plan · New Iberia, LA 70560

$240,500

4 bd · 2.0 ba · 1,704 sqft · SingleFamily · 970 Days on market

Good condition

---

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 Fargo plan, located at the charming Coteau Ridge community in New Iberia, Louisiana. The Fargo is one of our popular one-story floor plans. With this 4-bedroom, 2-bathroom home, you will explore over 1,700 square feet of spacious living, perfect for any family or individual alike to enjoy comfortably. As you enter the Fargo, you will see the long main hallway leading you to the open living room and kitchen. Hard surface vinyl plank flooring throughout the main areas offers a sleek, low maintenance way to keep your floors looking great while soft carpet in the bedrooms keep your feet cozy. The kitchen and bathrooms feature granite countertops and modern shaker style cabinetry, a walk-in pantry, and a conveniently located island, ideal for your family and guests to enjoy meals together. The primary bedroom is located at the rear of the home for privacy and has its own ensuite bath featuring a spacious walk-in closet. Additionally, the home has 3 other bedrooms offering plenty of room to grow, office space or serve as bonus rooms. On the exterior of the Fargo, you will notice eye catching, aesthetic brick and 2 car garage with attic access, and space for extra storage. Each home comes with a covered patio to enjoy those pretty days outside, fully sodded yard and standard landscape package. Indulge in the ease of our included Smart Home Automation Technology, designed to bring everyday life right to your fingertips.

Key facts

• 2 garage spots
• Listed 969 days

🏗️ New construction. The $240,500 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $247,663.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $240k. 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 $240k).
• Recommended offer: $212k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.3% vs local median 5.9% 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: 296 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 $69k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 970 days — a 12% lower offer ($212k) is reasonable based on typical stale-listing flexibility.

Recommended offer $211,640 (12.0% below list)

Questions for the listing agent

1. It's been on market 970 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: 1.62% ✓
• Cap rate: 13.31%
• Cash-on-cash: 25.07%
• DSCR: 2.12
• GRM: 5.2

CMA / ARV

• ARV (median comp): $247,663
• List price: $240,500
• Delta: -2.89%
• 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
1512 Colonel Rdg	0.11mi	4/2.0	1,704 (0%)	2mo	$235,000	$138	94
1519 Colonel Rdg	0.10mi	4/2.0	1,706 (+0%)	4mo	$240,500	$141	91
1506 Colonel Rdg	0.08mi	4/2.0	1,836 (+8%)	0mo	$247,500	$135	83
1513 Colonel Rdg	0.10mi	4/2.0	1,836 (+8%)	2mo	$247,500	$135	81
1518 Colonel Rdg	0.08mi	4/2.0	1,836 (+8%)	3mo	$250,000	$136	80
1517 Colonel Rdg	0.08mi	3/2.0 (-1)	1,616 (-5%)	3mo	$234,500	$145	80
1609 Penrose Rdg	0.10mi	3/2.0 (-1)	1,613 (-5%)	5mo	$237,000	$147	77
1601 Colonel Rdg	0.07mi	4/2.0	1,874 (+10%)	4mo	$255,500	$136	77
1514 Colonel Rdg	0.13mi	4/2.0	1,874 (+10%)	2mo	$250,500	$134	76
1516 Ashland Rdg	0.23mi	4/2.0	1,836 (+8%)	6mo	$247,500	$135	71
1600 Ashland Rdg	0.21mi	3/2.0 (-1)	1,613 (-5%)	6mo	$234,500	$145	71
1515 Ashland Rdg	0.17mi	4/2.0	1,874 (+10%)	7mo	$252,500	$135	69

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: 18.6%
• Equity multiple: 1.75×
• Total profit: $52,182
• Equity at exit: $36,927

10-year hold

• IRR: 26.9%
• Equity multiple: 3.37×
• Total profit: $164,475
• Equity at exit: $21,413

Cash invested: $69,346 (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: 15 active · 6 under contract
• Months of supply: 5.6 mo (18%/mo absorbed)
• Median asking: $247,500 ($135/sqft)
• Median days on market: 436 d
• This list price: 20% of active listings are priced below it
• ARV vs active asking: +7.8% 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: 296
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $4,000 medium
• Mortgage (P&I): −$1,299
• Tax est. 1.5%: −$310 /mo · $3,715/yr
• Insurance: −$103
• HOA: −$0
• Vacancy / Maint / Mgmt: −$840
• Net cashflow: $1,448

Break-even live

Break-even rent $2,167

Max offer price $247,663

Occupancy floor 59%

Sensitivity live

Price	-10% $1,620	-5% $1,534	+0% $1,448	+5% $1,363	+10% $1,277
Rent	-10% $1,132	-5% $1,290	+0% $1,448	+5% $1,606	+10% $1,764
Rate	-1.0pp $1,573	-0.5pp $1,511	base $1,448	+0.5pp $1,384	+1.0pp $1,319

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: $61,916
• Closing costs: $7,430
• 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	70d	1	0.04mi

Listing history 50 events

1. 2026-08-08
   days on market $240,500 Active 970 DOM
2. 2026-08-07
   days on market $240,500 Active 969 DOM
3. 2026-08-06
   days on market $240,500 Active 968 DOM
4. 2026-08-05
   days on market $240,500 Active 967 DOM
5. 2026-08-04
   days on market $240,500 Active 966 DOM
6. 2026-08-03
   days on market $240,500 Active 965 DOM
7. 2026-07-31
   days on market $240,500 Active 962 DOM
8. 2026-07-30
   days on market $240,500 Active 961 DOM
9. 2026-07-29
   days on market $240,500 Active 960 DOM
10. 2026-07-27
    days on market $240,500 Active 958 DOM
11. 2026-07-25
    days on market $240,500 Active 956 DOM
12. 2026-07-24
    days on market $240,500 Active 955 DOM
13. 2026-07-23
    days on market $240,500 Active 954 DOM
14. 2026-07-22
    days on market $240,500 Active 953 DOM
15. 2026-07-21
    days on market $240,500 Active 952 DOM
16. 2026-07-18
    days on market $240,500 Active 949 DOM
17. 2026-07-16
    days on market $240,500 Active 947 DOM
18. 2026-07-16
    days on market $240,500 Active 946 DOM
19. 2026-07-14
    days on market $240,500 Active 945 DOM
20. 2026-07-13
    days on market $240,500 Active 944 DOM
21. 2026-07-12
    days on market $240,500 Active 943 DOM
22. 2026-07-11
    days on market $240,500 Active 942 DOM
23. 2026-07-10
    days on market $240,500 Active 941 DOM
24. 2026-07-09
    days on market $240,500 Active 940 DOM
25. 2026-07-08
    days on market $240,500 Active 939 DOM
26. 2026-07-07
    days on market $240,500 Active 938 DOM
27. 2026-07-06
    days on market $240,500 Active 937 DOM
28. 2026-07-05
    days on market $240,500 Active 936 DOM
29. 2026-07-04
    days on market $240,500 Active 935 DOM
30. 2026-07-03
    days on market $240,500 Active 934 DOM
31. 2026-07-02
    days on market $240,500 Active 933 DOM
32. 2026-07-01
    days on market $240,500 Active 932 DOM
33. 2026-06-30
    days on market $240,500 Active 931 DOM
34. 2026-06-29
    days on market $240,500 Active 930 DOM
35. 2026-06-28
    days on market $240,500 Active 929 DOM
36. 2026-06-28
    days on market $240,500 Active 928 DOM
37. 2026-06-27
    days on market $240,500 Active 927 DOM
38. 2026-06-25
    days on market $240,500 Active 925 DOM
39. 2026-06-23
    days on market $240,500 Active 923 DOM
40. 2026-06-22
    days on market $240,500 Active 922 DOM
41. 2026-06-18
    days on market $240,500 Active 919 DOM
42. 2026-06-17
    days on market $240,500 Active 918 DOM
43. 2026-06-16
    days on market $240,500 Active 917 DOM
44. 2026-06-15
    days on market $240,500 Active 916 DOM
45. 2026-06-14
    days on market $240,500 Active 914 DOM
46. 2026-06-13
    days on market $240,500 Active 913 DOM
47. 2026-06-10
    days on market $240,500 Active 911 DOM
48. 2026-06-09
    days on market $240,500 Active 910 DOM
49. 2026-06-08
    days on market $240,500 Active 909 DOM
50. 2026-06-07
    days on market $240,500 Active 908 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: −$13,873
• − Property taxes: −$3,715
• − Insurance: −$1,238
• − Repairs & maintenance: −$3,840
• − Management: −$3,840
• − Depreciation: −$7,205
• Taxable income: $14,289
• Est. tax owed @ 24.0%: −$3,429
• After-tax cash flow: $13,952/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 · 12 photos

Good 80/100 None rehab

This Fargo plan home in Coteau Ridge is in good condition with no major repairs needed. It offers a spacious layout with granite countertops and modern cabinetry, making it a great option for both resale and rental.

Value-add opportunities

• Both Paint interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Replace carpet in bedrooms — Carpet can be replaced with hardwood or tile for a more modern look and easier maintenance ↑
• Both Install smart home devices — Smart home devices can increase home value and appeal to tech-savvy buyers ↑

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

---

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

+2.1% since first listed

2 events — show timeline

• 2024-03-14 Price Changed $240,500 Zillow
• 2023-12-13 Listed $235,500 Zillow