Bellvue Plan · Cade, LA 70560

$224,500

3 bd · 2.0 ba · 1,447 sqft · SingleFamily · 919 Days on market

Excellent condition

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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 +5.0/5.0
• Schools +3.2/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Bellvue! A new home floorplan featured in our Coteau Ridge community in New Iberia, Louisiana. Inside this appealing 3 bedroom, 2 bathroom home, with 2 car garage, you will be met with 1,447 square feet of comfortable living. The living area is an open concept, where your kitchen, living, and dining areas blend seamlessly into a space perfect for everyday living and entertaining. The kitchen features shaker style cabinets, granite countertops and island, and stainless-steel gas range, micro hood, and dishwasher. You'll never be too far from the action with the living and dining area right there. The primary bedroom has its own attached ensuite bathroom that showcases a walk-in closet with all the space you need to get ready and privacy with a separate door for the toilet. Across from the home you will find the other 2 bedrooms purposely designed with walk-in closets in each. Whether these rooms become bedrooms, office, or other bonus areas, there is sure to be comfort. The charming exteriors elevations of every Bellvue plan include versatile brick exteriors, covered back patios, fully sodded yards, and low maintenance landscape package. Integrated into all of our Bellvue plans, so you never feel far from home, is our Smart Home Technology Package. Find security and control from your fingertips through your smartphone. Furthermore, each home comes with our unrivaled warranties and an Energy Star certification, assuring your home is as energy efficient as po

Key facts

• 2 garage spots
• Listed 919 days

🏗️ New construction. The $224,500 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $245,139.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $224k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $224k).
• Recommended offer: $198k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.5% vs local median 5.3% in Cade — 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 53/100 on livability (#389 in LA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A, employment B; Watch: schools F, amenities F, commute 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 $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 919 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.

Recommended offer $197,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 919 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.63% ✓
• Cap rate: 13.47%
• Cash-on-cash: 25.63%
• DSCR: 2.14
• GRM: 5.1

CMA / ARV

• ARV (median comp): $245,139
• List price: $224,500
• Delta: -8.42%
• 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
1516 Colonel Rdg	0.11mi	3/2.0	1,447 (0%)	2mo	$224,500	$155	93
1607 Penrose Rdg	0.12mi	3/2.0	1,447 (0%)	4mo	$227,000	$157	91
1513 Ashland Rdg	0.16mi	3/2.0	1,447 (0%)	6mo	$224,500	$155	88
1504 Highland Dr	0.17mi	3/2.0	1,447 (0%)	7mo	$228,500	$158	86
1602 Ashland Rdg	0.22mi	3/2.0	1,447 (0%)	4mo	$224,500	$155	86
1513 Highland Dr	0.17mi	3/2.0	1,447 (0%)	8mo	$224,500	$155	85
1508 Highland Dr	0.17mi	3/2.0	1,444 (-0%)	8mo	$228,500	$158	85
1510 Highland Dr	0.17mi	3/2.0	1,444 (-0%)	9mo	$228,500	$158	84
1517 Colonel Rdg	0.08mi	3/2.0	1,616 (+12%)	2mo	$234,500	$145	75
1609 Penrose Rdg	0.10mi	3/2.0	1,613 (+12%)	4mo	$237,000	$147	73
1505 Highland Dr	0.17mi	3/2.0	1,616 (+12%)	7mo	$238,500	$148	67
1600 Ashland Rdg	0.21mi	3/2.0	1,613 (+12%)	5mo	$234,500	$145	67

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: 19.3%
• Equity multiple: 1.78×
• Total profit: $53,701
• Equity at exit: $36,551

10-year hold

• IRR: 27.6%
• Equity multiple: 3.44×
• Total profit: $167,228
• Equity at exit: $21,195

Cash invested: $68,639 (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: 4.7×

Monthly cashflow live

• Estimated rent: $4,000 medium
• Mortgage (P&I): −$1,286
• Tax est. 1.5%: −$306 /mo · $3,677/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$840
• Net cashflow: $1,466

Break-even live

Break-even rent $2,144

Max offer price $245,139

Occupancy floor 58%

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: $61,285
• Closing costs: $7,354
• 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	20d	1	0.04mi

Listing history 18 events

1. 2026-06-18
   days on market $224,500 Active 919 DOM
2. 2026-06-17
   days on market $224,500 Active 918 DOM
3. 2026-06-16
   days on market $224,500 Active 917 DOM
4. 2026-06-15
   days on market $224,500 Active 916 DOM
5. 2026-06-14
   days on market $224,500 Active 914 DOM
6. 2026-06-13
   days on market $224,500 Active 913 DOM
7. 2026-06-10
   days on market $224,500 Active 911 DOM
8. 2026-06-09
   days on market $224,500 Active 910 DOM
9. 2026-06-08
   days on market $224,500 Active 909 DOM
10. 2026-06-07
    days on market $224,500 Active 908 DOM
11. 2026-06-05
    days on market $224,500 Active 905 DOM
12. 2026-06-03
    days on market $224,500 Active 904 DOM
13. 2026-06-02
    days on market $224,500 Active 903 DOM
14. 2026-06-01
    days on market $224,500 Active 902 DOM
15. 2026-05-31
    days on market $224,500 Active 901 DOM
16. 2026-05-30
    days on market $224,500 Active 900 DOM
17. 2024-03-14
    price $224,500 1495-char remark

    Show marketing remark (1495 chars)

    Welcome to the Bellvue! A new home floorplan featured in our Coteau Ridge community in New Iberia, Louisiana. Inside this appealing 3 bedroom, 2 bathroom home, with 2 car garage, you will be met with 1,447 square feet of comfortable living. The living area is an open concept, where your kitchen, living, and dining areas blend seamlessly into a space perfect for everyday living and entertaining. The kitchen features shaker style cabinets, granite countertops and island, and stainless-steel gas range, micro hood, and dishwasher. You'll never be too far from the action with the living and dining area right there. The primary bedroom has its own attached ensuite bathroom that showcases a walk-in closet with all the space you need to get ready and privacy with a separate door for the toilet. Across from the home you will find the other 2 bedrooms purposely designed with walk-in closets in each. Whether these rooms become bedrooms, office, or other bonus areas, there is sure to be comfort. The charming exteriors elevations of every Bellvue plan include versatile brick exteriors, covered back patios, fully sodded yards, and low maintenance landscape package. Integrated into all of our Bellvue plans, so you never feel far from home, is our Smart Home Technology Package. Find security and control from your fingertips through your smartphone. Furthermore, each home comes with our unrivaled warranties and an Energy Star certification, assuring your home is as energy efficient as po

18. 2023-12-13
    listed $219,500 Active 1495-char remark

    Show marketing remark (1495 chars)

    Welcome to the Bellvue! A new home floorplan featured in our Coteau Ridge community in New Iberia, Louisiana. Inside this appealing 3 bedroom, 2 bathroom home, with 2 car garage, you will be met with 1,447 square feet of comfortable living. The living area is an open concept, where your kitchen, living, and dining areas blend seamlessly into a space perfect for everyday living and entertaining. The kitchen features shaker style cabinets, granite countertops and island, and stainless-steel gas range, micro hood, and dishwasher. You'll never be too far from the action with the living and dining area right there. The primary bedroom has its own attached ensuite bathroom that showcases a walk-in closet with all the space you need to get ready and privacy with a separate door for the toilet. Across from the home you will find the other 2 bedrooms purposely designed with walk-in closets in each. Whether these rooms become bedrooms, office, or other bonus areas, there is sure to be comfort. The charming exteriors elevations of every Bellvue plan include versatile brick exteriors, covered back patios, fully sodded yards, and low maintenance landscape package. Integrated into all of our Bellvue plans, so you never feel far from home, is our Smart Home Technology Package. Find security and control from your fingertips through your smartphone. Furthermore, each home comes with our unrivaled warranties and an Energy Star certification, assuring your home is as energy efficient as po

ⓘ 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: −$13,732
• − Property taxes: −$3,677
• − Insurance: −$1,226
• − Repairs & maintenance: −$3,840
• − Management: −$3,840
• − Depreciation: −$7,131
• Taxable income: $14,554
• Est. tax owed @ 24.0%: −$3,493
• After-tax cash flow: $14,098/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.

Condition & rehab AI · 12 photos

Excellent 100/100 None rehab

This Bellvue Plan home in Cade, LA is in excellent condition with no visible repairs needed. It offers a good ROI with updates like fresh paint and smart home devices.

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Resale Replace countertops with quartz or granite — Quartz or granite countertops are more durable and aesthetically pleasing
• Both Install smart home devices — Smart home devices improve convenience and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Resale Replace countertops with quartz or granite — Quartz or granite countertops are more durable and aesthetically pleasing ↑
• Both Install smart home devices — Smart home devices improve convenience and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Cade

• Score: 53/100
• State rank: #389
• US rank: #24247

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 87
• 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

+2.3% since first listed

2 events — show timeline

• 2024-03-14 Price Changed $224,500 Zillow
• 2023-12-13 Listed $219,500 Zillow