614 Putnam St · Abbeville, LA 70510

$9,499

3 bd · 2.0 ba · 900 sqft · Manufactured · 153 Days on market

8,276 sqft lot ↓ 44% since listing

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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
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 2-bath manufactured home is a hidden gem in the heart of Abbeville, LA. Whether you're a first-time investor or looking to expand your portfolio, this property offers great potential and opportunity. Conveniently located and full of possibilities. Schedule your showing today and make it yours!

Key facts

• 8,276 sq ft lot
• Parking
• Listed 153 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $9k.

Deal economics

• At list price, monthly cash flow is $875 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $9k).
• Recommended offer: $8k (12.0% below list) — sets the bar for market timing.
• Cap rate 116.9% vs local median 6.6% in Abbeville — 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 68/100 on livability (#94 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Vermilion Parish (town): math 40% / reading 53% proficiency, ranked #15 of 98 in LA (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 180 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 228 units permitted in Vermilion Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $65 of loan paydown is wiped out by about $285 of value loss. Plan a longer hold.
• Vermilion County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($8k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $8,359 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 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. 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?
7. 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.
8. 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.
9. 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: 12.62% ✓
• Cap rate: 116.87%
• Cash-on-cash: 394.90%
• DSCR: 18.57
• GRM: 0.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 21.39×
• Total profit: $54,230
• Equity at exit: $1,416

10-year hold

• IRR: —
• Equity multiple: 45.78×
• Total profit: $119,095
• Equity at exit: $821

Cash invested: $2,660 (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 70510

• Active inventory: 180
• Price-to-rent: 0.7×

Monthly cashflow live

• Estimated rent: $1,199 medium
• Mortgage (P&I): −$50
• Tax from tax record: −$18 /mo · $218/yr
• Insurance: −$4
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $875

Break-even live

Break-even rent $91

Max offer price $9,499

Occupancy floor 22%

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: $2,375
• Closing costs: $285
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
301 E Lafayette St Unit 2 Abbeville, LA	2.0	1.0	800	$1,199	$1.50	13d	1	0.93mi

Listing history 18 events

1. 2026-06-18
   days on market $9,499 Active 153 DOM
2. 2026-06-17
   days on market $9,499 Active 152 DOM
3. 2026-06-16
   days on market $9,499 Active 151 DOM
4. 2026-06-15
   days on market $9,499 Active 150 DOM
5. 2026-06-14
   days on market $9,499 Active 148 DOM
6. 2026-06-13
   days on market $9,499 Active 147 DOM
7. 2026-06-10
   days on market $9,499 Active 145 DOM
8. 2026-06-09
   days on market $9,499 Active 144 DOM
9. 2026-06-08
   days on market $9,499 Active 143 DOM
10. 2026-06-07
    days on market $9,499 Active 142 DOM
11. 2026-06-03
    days on market $9,499 Active 138 DOM
12. 2026-06-02
    days on market $9,499 Active 137 DOM
13. 2026-06-01
    days on market $9,499 Active 136 DOM
14. 2026-05-31
    days on market $9,499 Active 135 DOM
15. 2026-05-30
    days on market $9,499 Active 134 DOM
16. 2026-03-24
    price $9,499 310-char remark

    Show marketing remark (310 chars)

    This 3-bedroom, 2-bath manufactured home is a hidden gem in the heart of Abbeville, LA. Whether you're a first-time investor or looking to expand your portfolio, this property offers great potential and opportunity. Conveniently located and full of possibilities. Schedule your showing today and make it yours!

17. 2026-02-18
    price $11,999 310-char remark

    Show marketing remark (310 chars)

    This 3-bedroom, 2-bath manufactured home is a hidden gem in the heart of Abbeville, LA. Whether you're a first-time investor or looking to expand your portfolio, this property offers great potential and opportunity. Conveniently located and full of possibilities. Schedule your showing today and make it yours!

18. 2026-01-13
    listed $16,999 Active 310-char remark

    Show marketing remark (310 chars)

    This 3-bedroom, 2-bath manufactured home is a hidden gem in the heart of Abbeville, LA. Whether you're a first-time investor or looking to expand your portfolio, this property offers great potential and opportunity. Conveniently located and full of possibilities. Schedule your showing today and make it yours!

ⓘ 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: $218 · $18/mo
• Projected year-2 tax: $218 · $18/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 70% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,388
• − Mortgage interest: −$532
• − Property taxes: −$218
• − Insurance: −$47
• − Repairs & maintenance: −$1,151
• − Management: −$1,151
• − Depreciation: −$276
• Taxable income: $11,012
• Est. tax owed @ 24.0%: −$2,643
• After-tax cash flow: $7,860/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: Vermilion Parish
• NCES district ID: 2201800
• Math proficiency: 40% ▼ -38.00%
• Reading proficiency: 53% ▼ -32.00%
• Median HH income: $45,115
• Composite: 39.37/100
• National rank: #3974
• State rank: #15 of 98 in LA

Livability — Abbeville

• Score: 68/100
• State rank: #94
• US rank: #9800

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Abbeville, LA
• Population (ZIP): 23,909

Population outlook (Vermilion County) Hauer SSP2

• Today (2025): 64,095 people
• By 2030: 65,915 · +2.8%
• By 2040: 68,985 · +7.6%
• By 2050: 70,804 · +10.5%
• By 2075: 73,897 · +15.3%
• By 2100: 71,793 · +12.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 24% Two or more races 4% Hispanic / Latino 4% Asian 4%
• Common ancestry: Lithuanian 15% Italian 1%
• Foreign-born: 5% · Vietnam, Canada
• Languages at home: 87% English-only · French/Haitian/Cajun 6% Vietnamese 3% Spanish 2%

Political lean MEDSL · Vermilion

• 2024 margin: Solid R (+63.8) · D 17.6% · R 81.4% · Other 1.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -47.5pp · 2024: -63.8pp
• All cycles: 2024: R+63.8 2020: R+61.9 2016: R+59.6 2012: R+52.8 2008: R+47.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.44%
• Current HPI: 97.6131
• 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

-44.1% since first listed

3 events — show timeline

• 2026-03-24 Price Changed $9,499 AcadianaMLS
• 2026-02-18 Price Changed $11,999 AcadianaMLS
• 2026-01-13 Listed $16,999 AcadianaMLS

Property tax history

+1.0%/yr

Latest (2025): $218 · -0.2% YoY. Source: county tax records.