1001 Bank Ave · New Iberia, LA 70560

$95,000

3 bd · 2.0 ba · 1,456 sqft · Other · 24 Days on market

Built 1958 2,178 sqft lot $65/sqft · 37% below area Est $150k · 37% under

---

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 +18.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +4.2/10.0
• Livability +3.7/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this 1,456-square-foot traditional single-family home located in the heart of New Iberia, Louisiana. This property features an inviting, open living area paired with a spacious kitchen, original hardwood floors, and a functional layout consisting of three bedrooms and two full bathrooms. The exterior boasts a covered patio area and a beautiful, tree-shaded yard perfect for outdoor relaxation. Positioned in an established neighborhood in Iberia Parish, the home provides excellent access to local shopping, dining, and daily conveniences. It currently functions as a professionally managed asset, with the current tenant on a flexible month-to-month lease, this home is ready for you t

Key facts

• Spacious kitchen
• Open living area
• Covered patio area

Tags

• OPEN LIVING AREA
• SPACIOUS KITCHEN
• ORIGINAL HARDWOOD FLOORS
• COVERED PATIO AREA
• TREE-SHADED YARD
• ESTABLISHED NEIGHBORHOOD

🏷️ Possibly a rental listed for sale. The $95,000 price doesn't fit this home's estimated sale value (~$149,880) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $95k.

Deal economics

• At list price, monthly cash flow is $93 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $88k (7.7% below list).
• Recommended offer: $88k (7.7% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 5.8% in New Iberia — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 2 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 $657 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $80k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,693 (7.7% below list)

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.92% ✗
• Cap rate: 7.46%
• Cash-on-cash: 4.18%
• DSCR: 1.19
• GRM: 9.0

CMA / ARV

• ARV (median comp): $149,880
• List price: $95,000
• Delta: -33.95%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -9.8%
• Equity multiple: 0.64×
• Total profit: $-9,516
• Equity at exit: $14,165

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-778
• Equity at exit: $8,214

Cash invested: $26,600 (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: 9.0×

Monthly cashflow live

• Estimated rent: $877 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$62 /mo · $749/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$184
• Net cashflow: $93

Break-even live

Break-even rent $760

Max offer price $95,000

Occupancy floor 84%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
212 Hacker St New Iberia, LA	2.0	1.0	1000	$950	$0.95	43d	1	0.47mi
405 Anderson St New Iberia, LA	2.0	1.0	950	$650	$0.68	43d	1	1.40mi

Listing history 29 events

1. 2026-06-18
   days on market $95,000 Active 24 DOM
2. 2026-06-17
   days on market $95,000 Active 23 DOM
3. 2026-06-16
   days on market $95,000 Active 22 DOM
4. 2026-06-15
   days on market $95,000 Active 21 DOM
5. 2026-06-14
   days on market $95,000 Active 19 DOM
6. 2026-06-13
   days on market $95,000 Active 18 DOM
7. 2026-06-10
   days on market $95,000 Active 16 DOM
8. 2026-06-09
   days on market $95,000 Active 15 DOM
9. 2026-06-08
   days on market $95,000 Active 14 DOM
10. 2026-06-07
    days on market $95,000 Active 13 DOM
11. 2026-06-05
    days on market $95,000 Active 10 DOM
12. 2026-06-03
    days on market $95,000 Active 9 DOM
13. 2026-06-02
    days on market $95,000 Active 8 DOM
14. 2026-06-01
    days on market $95,000 Active 7 DOM
15. 2026-05-31
    days on market $95,000 Active 6 DOM
16. 2026-05-30
    days on market $95,000 Active 5 DOM
17. 2026-01-17
    listed $99,000 Active
18. 2025-08-05
    status Active
19. 2025-07-29
    status Pending
20. 2025-07-17
    price $99,000
21. 2025-07-15
    status Active
22. 2025-04-04
    price $105,000
23. 2025-02-12
    status Active
24. 2024-09-23
    price $110,000
25. 2024-08-05
    listed $116,250 Active
26. 2006-12-19
    soldstatus
27. 2006-11-13
    soldstatus $79,900
28. 2006-11-10
    soldstatus $79,900
29. 2006-08-16
    listed $79,900

ⓘ 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: $749 · $62/mo
• Projected year-2 tax: $749 · $62/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 22 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: $10,523
• − Mortgage interest: −$5,321
• − Property taxes: −$749
• − Insurance: −$475
• − Repairs & maintenance: −$842
• − Management: −$842
• − Depreciation: −$2,764
• Taxable loss: −$469
• Est. tax savings @ 24.0%: +$113
• After-tax cash flow: $1,224/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

+23.9% since first listed

13 events — show timeline

• 2026-01-17 Listed $99,000 AcadianaMLS
• 2025-08-05 Relisted — AcadianaMLS
• 2025-07-29 Pending — AcadianaMLS
• 2025-07-17 Price Changed $99,000 AcadianaMLS
• 2025-07-15 Relisted — AcadianaMLS
• 2025-04-04 Price Changed $105,000 AcadianaMLS
• 2025-02-12 Relisted — AcadianaMLS
• 2024-09-23 Price Changed $110,000 AcadianaMLS
• 2024-08-05 Listed $116,250 AcadianaMLS
• 2006-12-19 Sold (Public Records) — Public Records
• 2006-11-13 Sold (Public Records) $79,900 Public Records
• 2006-11-10 Sold (MLS) $79,900 AcadianaMLS
• 2006-08-16 Listed $79,900 AcadianaMLS

Property tax history

-1.6%/yr

Latest (2025): $749 · +2.0% YoY. Source: county tax records.