512 N Miles St · Abbeville, LA 70510

$83,500

3 bd · 2.0 ba · 1,791 sqft · SingleFamily · 130 Days on market

Built 1965 0.30 ac lot $47/sqft · 46% below area Est $155k · 46% under ↓ 7% since listing

---

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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• 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

New Listing | Abbeville, Louisiana Here's your chance to own a solid 3-bedroom, 2-bath brick home in Abbeville with major upside! This property features a newer roof and a fully fenced yard, including the front yard fenced in as well--perfect for added privacy, security, kids, or pets. The home is being sold as is, where is and does need some TLC, including paint, flooring, and a few minor updates. Because of the aggressive pricing, no repairs will be made at the current price. Great option for an investor or a homeowner ready to add their personal touch. The exterior is already very attractive--this one just needs the right buyer to bring the inside back to life and turn it into a beautiful home. Important Options: As-Is Sale at current price Seller willing to renovate for FHA or Rural Development financing at a sales price of $130,000 Opportunities like this don't last long in Abbeville. Whether you're looking for equity or a home you can customize, this one checks the boxes.

Key facts

• Newer roof
• Front yard fenced
• Fully fenced yard

Tags

• NEWER ROOF
• FULLY FENCED YARD
• FRONT YARD FENCED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $84k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $84k).
• Recommended offer: $73k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% 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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $577 of loan paydown is wiped out by about $3k 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 $23k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($73k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• 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 $73,480 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.37% ✓
• Cap rate: 11.50%
• Cash-on-cash: 18.58%
• DSCR: 1.83
• GRM: 6.1

CMA / ARV

• ARV (median comp): $154,575
• List price: $83,500
• Delta: -45.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
302 E Magnolia Ave	0.46mi	3/2.0	1,755 (-2%)	1mo	$175,000	$100	74
208 S Guegnon St	0.50mi	3/2.0	1,632 (-9%)	5mo	$174,000	$107	58
602 E Lafayette St	0.45mi	3/2.5	1,862 (+4%)	23mo	$233,000	$125	51
518 E Magnolia Ave	0.43mi	3/2.0	2,005 (+12%)	17mo	$180,000	$90	46
9411 Mako Ln	0.49mi	3/2.0	1,568 (-12%)	18mo	$374,000	$239	42

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: 5.9%
• Equity multiple: 1.23×
• Total profit: $5,332
• Equity at exit: $12,450

10-year hold

• IRR: 15.3%
• Equity multiple: 2.24×
• Total profit: $29,029
• Equity at exit: $7,220

Cash invested: $23,380 (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: 6.1×

Monthly cashflow live

• Estimated rent: $1,141 medium
• Mortgage (P&I): −$438
• Tax from tax record: −$67 /mo · $801/yr
• Insurance: −$35
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $296

Break-even live

Break-even rent $767

Max offer price $83,500

Occupancy floor 69%

Sensitivity live

Price	-10% $343	-5% $319	+0% $296	+5% $272	+10% $248
Rent	-10% $205	-5% $251	+0% $296	+5% $341	+10% $386
Rate	-1.0pp $338	-0.5pp $317	base $296	+0.5pp $274	+1.0pp $252

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: $20,875
• Closing costs: $2,505
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
407 Nugier St Abbeville, LA	4.0	2.0	1374	$695	$0.51	45d	1	0.33mi
417 Marcia Ave Abbeville, LA	3.0	2.0	2000	$1,700	$0.85	22d	1	0.59mi
122 Acacia Ln Abbeville, LA	3.0	2.0	1327	$1,500	$1.13	22d	1	1.38mi

Listing history 17 events

1. 2026-06-18
   days on market $83,500 Active 130 DOM
2. 2026-06-17
   days on market $83,500 Active 129 DOM
3. 2026-06-16
   days on market $83,500 Active 128 DOM
4. 2026-06-15
   days on market $83,500 Active 127 DOM
5. 2026-06-14
   days on market $83,500 Active 125 DOM
6. 2026-06-13
   days on market $83,500 Active 124 DOM
7. 2026-06-10
   days on market $83,500 Active 122 DOM
8. 2026-06-09
   days on market $83,500 Active 121 DOM
9. 2026-06-08
   days on market $83,500 Active 120 DOM
10. 2026-06-07
    days on market $83,500 Active 119 DOM
11. 2026-06-03
    days on market $83,500 Active 115 DOM
12. 2026-06-02
    days on market $83,500 Active 114 DOM
13. 2026-06-01
    days on market $83,500 Active 113 DOM
14. 2026-05-31
    days on market $83,500 Active 112 DOM
15. 2026-05-30
    days on market $83,500 Active 111 DOM
16. 2026-03-20
    price $83,500 992-char remark

    Show marketing remark (992 chars)

    New Listing | Abbeville, Louisiana Here's your chance to own a solid 3-bedroom, 2-bath brick home in Abbeville with major upside! This property features a newer roof and a fully fenced yard, including the front yard fenced in as well--perfect for added privacy, security, kids, or pets. The home is being sold as is, where is and does need some TLC, including paint, flooring, and a few minor updates. Because of the aggressive pricing, no repairs will be made at the current price. Great option for an investor or a homeowner ready to add their personal touch. The exterior is already very attractive--this one just needs the right buyer to bring the inside back to life and turn it into a beautiful home. Important Options: As-Is Sale at current price Seller willing to renovate for FHA or Rural Development financing at a sales price of $130,000 Opportunities like this don't last long in Abbeville. Whether you're looking for equity or a home you can customize, this one checks the boxes.

17. 2026-02-08
    listed $89,999 Active 992-char remark

    Show marketing remark (992 chars)

    New Listing | Abbeville, Louisiana Here's your chance to own a solid 3-bedroom, 2-bath brick home in Abbeville with major upside! This property features a newer roof and a fully fenced yard, including the front yard fenced in as well--perfect for added privacy, security, kids, or pets. The home is being sold as is, where is and does need some TLC, including paint, flooring, and a few minor updates. Because of the aggressive pricing, no repairs will be made at the current price. Great option for an investor or a homeowner ready to add their personal touch. The exterior is already very attractive--this one just needs the right buyer to bring the inside back to life and turn it into a beautiful home. Important Options: As-Is Sale at current price Seller willing to renovate for FHA or Rural Development financing at a sales price of $130,000 Opportunities like this don't last long in Abbeville. Whether you're looking for equity or a home you can customize, this one checks the boxes.

ⓘ 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: $801 · $67/mo
• Projected year-2 tax: $801 · $67/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 7/10 Severe FEMA zone X (shaded) · 74% 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: $13,694
• − Mortgage interest: −$4,677
• − Property taxes: −$801
• − Insurance: −$1,215
• − Repairs & maintenance: −$1,096
• − Management: −$1,096
• − Depreciation: −$2,429
• Taxable income: $2,380
• Est. tax owed @ 24.0%: −$571
• After-tax cash flow: $2,976/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

-7.2% since first listed

2 events — show timeline

• 2026-03-20 Price Changed $83,500 AcadianaMLS
• 2026-02-08 Listed $89,999 AcadianaMLS

Property tax history

+1.4%/yr

Latest (2025): $801 · -0.3% YoY. Source: county tax records.