Bellvue Plan · New Iberia, LA 70560

$224,500

3 bd · 2.0 ba · 1,447 sqft · SingleFamily · 1062 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
• 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 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.

Key facts

• 2 garage spots
• Listed 1061 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 — $245,826.

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 ($15k/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 12.6% vs local median 5.2% 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: 423 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 51d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 94 units permitted in Iberia Parish in 2024 (0 in 5+ unit buildings).
• At $3,780/mo this rent would consume 94% 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 ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 1062 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 1062 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: 1.54% ✓
• Cap rate: 12.58%
• Cash-on-cash: 22.45%
• DSCR: 2.00
• GRM: 5.4

CMA / ARV

• ARV (median comp): $245,826
• List price: $224,500
• Delta: -8.68%
• 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%)	6mo	$224,500	$155	90
1607 Penrose Rdg	0.12mi	3/2.0	1,447 (0%)	8mo	$227,000	$157	87
1513 Ashland Rdg	0.16mi	3/2.0	1,447 (0%)	10mo	$224,500	$155	84
1504 Highland Dr	0.17mi	3/2.0	1,447 (0%)	12mo	$228,500	$158	82
1602 Ashland Rdg	0.22mi	3/2.0	1,447 (0%)	9mo	$224,500	$155	82
1513 Highland Dr	0.17mi	3/2.0	1,447 (0%)	13mo	$224,500	$155	81
1508 Highland Dr	0.17mi	3/2.0	1,444 (-0%)	13mo	$228,500	$158	81
1503 Colonel Rdg	0.09mi	3/2.0	1,616 (+12%)	2mo	$234,500	$145	74
1517 Colonel Rdg	0.08mi	3/2.0	1,616 (+12%)	6mo	$234,500	$145	72
1609 Penrose Rdg	0.10mi	3/2.0	1,613 (+12%)	8mo	$237,000	$147	69
1505 Highland Dr	0.17mi	3/2.0	1,616 (+12%)	11mo	$238,500	$148	63
1600 Ashland Rdg	0.21mi	3/2.0	1,613 (+12%)	9mo	$234,500	$145	63

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: 15.3%
• Equity multiple: 1.61×
• Total profit: $42,222
• Equity at exit: $36,654

10-year hold

• IRR: 24.0%
• Equity multiple: 3.07×
• Total profit: $142,584
• Equity at exit: $21,255

Cash invested: $68,831 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 6 active · 4 under contract
• Months of supply: 12.0 mo (8%/mo absorbed)
• Median asking: $234,500 ($145/sqft)
• Median days on market: 794 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +17.1% above 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: 423
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $3,780 medium
• Mortgage (P&I): −$1,289
• Tax est. 1.5%: −$307 /mo · $3,687/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$794
• Net cashflow: $1,287

Break-even live

Break-even rent $2,150

Max offer price $245,826

Occupancy floor 61%

Sensitivity live

Price	-10% $1,457	-5% $1,372	+0% $1,287	+5% $1,203	+10% $1,118
Rent	-10% $989	-5% $1,138	+0% $1,287	+5% $1,437	+10% $1,586
Rate	-1.0pp $1,411	-0.5pp $1,350	base $1,287	+0.5pp $1,224	+1.0pp $1,159

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: $61,457
• Closing costs: $7,375
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 3 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	14d	1	0.04mi
1802 Saddle Back Rdg New Iberia, LA	4.0	2.0	1874	$4,000	$2.13	162d	1	0.04mi
1714 New Horizon Dr New Iberia, LA	3.0	2.0	1026	$795	$0.77	51d	1	0.62mi

Listing history 50 events

1. 2026-11-08
   days on market $224,500 Active 1062 DOM
2. 2026-11-07
   days on market $224,500 Active 1061 DOM
3. 2026-11-06
   days on market $224,500 Active 1060 DOM
4. 2026-11-05
   days on market $224,500 Active 1059 DOM
5. 2026-11-04
   days on market $224,500 Active 1058 DOM
6. 2026-11-02
   days on market $224,500 Active 1056 DOM
7. 2026-11-01
   days on market $224,500 Active 1055 DOM
8. 2026-10-31
   days on market $224,500 Active 1054 DOM
9. 2026-10-30
   days on market $224,500 Active 1053 DOM
10. 2026-10-29
    days on market $224,500 Active 1052 DOM
11. 2026-10-28
    days on market $224,500 Active 1051 DOM
12. 2026-10-27
    days on market $224,500 Active 1050 DOM
13. 2026-10-26
    days on market $224,500 Active 1049 DOM
14. 2026-10-25
    days on market $224,500 Active 1048 DOM
15. 2026-10-24
    days on market $224,500 Active 1047 DOM
16. 2026-10-23
    days on market $224,500 Active 1046 DOM
17. 2026-10-22
    days on market $224,500 Active 1045 DOM
18. 2026-10-21
    days on market $224,500 Active 1044 DOM
19. 2026-10-20
    days on market $224,500 Active 1043 DOM
20. 2026-10-19
    days on market $224,500 Active 1042 DOM
21. 2026-10-18
    days on market $224,500 Active 1041 DOM
22. 2026-10-17
    days on market $224,500 Active 1040 DOM
23. 2026-10-16
    days on market $224,500 Active 1039 DOM
24. 2026-10-15
    days on market $224,500 Active 1038 DOM
25. 2026-10-14
    days on market $224,500 Active 1037 DOM
26. 2026-10-13
    days on market $224,500 Active 1036 DOM
27. 2026-10-12
    days on market $224,500 Active 1035 DOM
28. 2026-10-11
    days on market $224,500 Active 1034 DOM
29. 2026-10-10
    days on market $224,500 Active 1033 DOM
30. 2026-10-09
    days on market $224,500 Active 1032 DOM
31. 2026-10-08
    days on market $224,500 Active 1031 DOM
32. 2026-10-07
    days on market $224,500 Active 1030 DOM
33. 2026-10-06
    days on market $224,500 Active 1029 DOM
34. 2026-10-05
    days on market $224,500 Active 1028 DOM
35. 2026-10-04
    days on market $224,500 Active 1027 DOM
36. 2026-10-03
    days on market $224,500 Active 1026 DOM
37. 2026-10-02
    days on market $224,500 Active 1025 DOM
38. 2026-10-01
    days on market $224,500 Active 1024 DOM
39. 2026-09-30
    days on market $224,500 Active 1023 DOM
40. 2026-09-29
    days on market $224,500 Active 1022 DOM
41. 2026-09-28
    days on market $224,500 Active 1021 DOM
42. 2026-09-27
    days on market $224,500 Active 1020 DOM
43. 2026-09-26
    days on market $224,500 Active 1019 DOM
44. 2026-09-25
    days on market $224,500 Active 1018 DOM
45. 2026-09-24
    days on market $224,500 Active 1017 DOM
46. 2026-09-24
    days on market $224,500 Active 1016 DOM
47. 2026-09-22
    days on market $224,500 Active 1015 DOM
48. 2026-09-20
    days on market $224,500 Active 1013 DOM
49. 2026-09-18
    days on market $224,500 Active 1011 DOM
50. 2026-09-17
    days on market $224,500 Active 1010 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: $45,362
• − Mortgage interest: −$13,770
• − Property taxes: −$3,687
• − Insurance: −$1,229
• − Repairs & maintenance: −$3,629
• − Management: −$3,629
• − Depreciation: −$7,151
• Taxable income: $12,266
• Est. tax owed @ 24.0%: −$2,944
• After-tax cash flow: $12,506/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 ↑

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

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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%

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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%
• Languages at home: 93% English-only · French/Haitian/Cajun 3% Spanish 2% Other Asian/Pacific 1%

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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

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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