2014 N Iona Dr Dr N · Carlyss, LA 70665

$222,500

3 bd · 2.0 ba · 1,543 sqft · SingleFamily · 213 Days on market

Built 1988 0.63 ac lot $144/sqft · 15% below area Est $260k · 15% under

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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 +26.9/30.0
• ARV discount +14.0/15.0
• DSCR +9.3/10.0
• 1% rule +6.5/10.0
• Schools +3.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your next home in Sulphur, Louisiana! Nestled in a peaceful neighborhood, this inviting property offers a perfect blend of comfort, space, and Southern charm. In this home you'll find a spacious living area and well-designed floor plan—ideal for daily living and entertaining. Bright, welcoming rooms featuring plenty of natural light and thoughtful finishes. Comfortable bedrooms, including a generous master suite with an ensuite bathroom (soaker tub + separate shower) and a massive walk-in closet. A bright, functional kitchen with ample cabinetry, countertop space, and room to personalize. Large, level lot with plenty of room for outdoor fun, gardening, or future additions. Covered patio or outdoor space perfect for morning coffee or evening get-togethers. Convenient location in Sulphur: easy access to local amenities, parks, schools, and nearby routes. Don’t miss your chance to own a lovely home at 2014 Iona Dr in Sulphur. Whether you’re growing your family, downsizing, or investing, this property offers flexibility and potential.

Key facts

• 0.63 acre lot
• Built 1988
• Listed 212 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $222k.

Deal economics

• At list price, monthly cash flow is $190 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $222k).
• Recommended offer: $196k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#237 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: schools F, crime D-, amenities F.
• Calcasieu Parish (other): math 30% / reading 44% proficiency, ranked #29 of 98 in LA (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 236 active listings in the ZIP; 1,298 units permitted in Calcasieu Parish in 2024 (526 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.
• Calcasieu County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 213 days — a 12% lower offer ($196k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask is 12261% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $150k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 213 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is D 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?
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: 1.15% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.87%
• DSCR: 1.53
• GRM: 7.3

CMA / ARV

• ARV (median comp): $260,379
• List price: $222,500
• Delta: -14.55%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2040 Oak Leaf Forest Dr Dr	0.44mi	3/2.5	1,763 (+14%)	4mo	$250,000	$142	50

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: -10.5%
• Equity multiple: 0.62×
• Total profit: $-23,753
• Equity at exit: $33,175

10-year hold

• IRR: -1.0%
• Equity multiple: 0.93×
• Total profit: $-4,239
• Equity at exit: $19,238

Cash invested: $62,300 (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 70665

• Active inventory: 236
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,556 medium
• Mortgage (P&I): −$1,167
• Tax from tax record: −$143 /mo · $1,721/yr
• Insurance: −$93
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$537
• Net cashflow: $190

Break-even live

Break-even rent $2,316

Max offer price $222,500

Occupancy floor 88%

Sensitivity live

Price	-10% $316	-5% $253	+0% $190	+5% $127	+10% $64
Rent	-10% $-12	-5% $89	+0% $190	+5% $291	+10% $392
Rate	-1.0pp $302	-0.5pp $246	base $190	+0.5pp $132	+1.0pp $73

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: $55,625
• Closing costs: $6,675
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-15
   days on market $222,500 Active 213 DOM
2. 2026-06-14
   days on market $222,500 Active 211 DOM
3. 2026-06-13
   days on market $222,500 Active 210 DOM
4. 2026-06-10
   days on market $222,500 Active 208 DOM
5. 2026-06-09
   days on market $222,500 Active 207 DOM
6. 2026-06-08
   days on market $222,500 Active 206 DOM
7. 2026-06-07
   days on market $222,500 Active 205 DOM
8. 2026-06-05
   days on market $222,500 Active 202 DOM
9. 2026-06-02
   days on market $222,500 Active 200 DOM
10. 2026-06-01
    days on market $222,500 Active 199 DOM
11. 2026-05-31
    days on market $222,500 Active 198 DOM
12. 2026-05-30
    days on market $222,500 Active 197 DOM
13. 2026-05-14
    listed $1,800
14. 2026-04-09
    price $222,500 1075-char remark

    Show marketing remark (1075 chars)

    Welcome to your next home in Sulphur, Louisiana! Nestled in a peaceful neighborhood, this inviting property offers a perfect blend of comfort, space, and Southern charm. In this home you'll find a spacious living area and well-designed floor plan—ideal for daily living and entertaining. Bright, welcoming rooms featuring plenty of natural light and thoughtful finishes. Comfortable bedrooms, including a generous master suite with an ensuite bathroom (soaker tub + separate shower) and a massive walk-in closet. A bright, functional kitchen with ample cabinetry, countertop space, and room to personalize. Large, level lot with plenty of room for outdoor fun, gardening, or future additions. Covered patio or outdoor space perfect for morning coffee or evening get-togethers. Convenient location in Sulphur: easy access to local amenities, parks, schools, and nearby routes. Don’t miss your chance to own a lovely home at 2014 Iona Dr in Sulphur. Whether you’re growing your family, downsizing, or investing, this property offers flexibility and potential.

15. 2026-02-13
    price $235,000 1075-char remark

    Show marketing remark (1075 chars)

    Welcome to your next home in Sulphur, Louisiana! Nestled in a peaceful neighborhood, this inviting property offers a perfect blend of comfort, space, and Southern charm. In this home you'll find a spacious living area and well-designed floor plan—ideal for daily living and entertaining. Bright, welcoming rooms featuring plenty of natural light and thoughtful finishes. Comfortable bedrooms, including a generous master suite with an ensuite bathroom (soaker tub + separate shower) and a massive walk-in closet. A bright, functional kitchen with ample cabinetry, countertop space, and room to personalize. Large, level lot with plenty of room for outdoor fun, gardening, or future additions. Covered patio or outdoor space perfect for morning coffee or evening get-togethers. Convenient location in Sulphur: easy access to local amenities, parks, schools, and nearby routes. Don’t miss your chance to own a lovely home at 2014 Iona Dr in Sulphur. Whether you’re growing your family, downsizing, or investing, this property offers flexibility and potential.

16. 2025-11-14
    listed $239,900 Active 1075-char remark

    Show marketing remark (1075 chars)

    Welcome to your next home in Sulphur, Louisiana! Nestled in a peaceful neighborhood, this inviting property offers a perfect blend of comfort, space, and Southern charm. In this home you'll find a spacious living area and well-designed floor plan—ideal for daily living and entertaining. Bright, welcoming rooms featuring plenty of natural light and thoughtful finishes. Comfortable bedrooms, including a generous master suite with an ensuite bathroom (soaker tub + separate shower) and a massive walk-in closet. A bright, functional kitchen with ample cabinetry, countertop space, and room to personalize. Large, level lot with plenty of room for outdoor fun, gardening, or future additions. Covered patio or outdoor space perfect for morning coffee or evening get-togethers. Convenient location in Sulphur: easy access to local amenities, parks, schools, and nearby routes. Don’t miss your chance to own a lovely home at 2014 Iona Dr in Sulphur. Whether you’re growing your family, downsizing, or investing, this property offers flexibility and potential.

17. 2016-04-25
    soldstatus $149,900
18. 2016-04-22
    soldstatus 556-char remark

    Show marketing remark (556 chars)

    Super nice area in restricted subdivision. Wood burning fireplace , ceramic flooring throughout home except in 3 bedrooms, galley kitchen with many cabinets. Master suite features large master bath with oversized walk in closets, jacuzzi tub and seperate shower. Large workshop and concrete patio for entertaining. Property is in a flood zone - present owner does not have flood insurance. see attached flood elevation certificate. prior mls information shows that flood insurance is $1,000 per year ( new buyer can get quote from their insurance company).

19. 2015-08-05
    listed $149,900 556-char remark

    Show marketing remark (556 chars)

    Super nice area in restricted subdivision. Wood burning fireplace , ceramic flooring throughout home except in 3 bedrooms, galley kitchen with many cabinets. Master suite features large master bath with oversized walk in closets, jacuzzi tub and seperate shower. Large workshop and concrete patio for entertaining. Property is in a flood zone - present owner does not have flood insurance. see attached flood elevation certificate. prior mls information shows that flood insurance is $1,000 per year ( new buyer can get quote from their insurance company).

20. 2014-05-29
    listed $140,000
21. 2014-05-19
    soldstatus

ⓘ 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: $1,721 · $143/mo
• Projected year-2 tax: $1,721 · $143/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 AE · 70% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 23 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: $30,672
• − Mortgage interest: −$12,463
• − Property taxes: −$1,721
• − Insurance: −$6,231
• − Repairs & maintenance: −$2,454
• − Management: −$2,454
• − Depreciation: −$6,473
• Taxable loss: −$1,124
• Est. tax savings @ 24.0%: +$270
• After-tax cash flow: $2,546/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: Calcasieu Parish
• NCES district ID: 2200330
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 44% ▼ -33.00%
• Median HH income: $44,700
• Composite: 31.45/100
• National rank: #5979
• State rank: #29 of 98 in LA

Livability — Carlyss

• Score: 61/100
• State rank: #237
• US rank: #18031

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 12,891

Population outlook (Calcasieu County) Hauer SSP2

• Today (2025): 212,179 people
• By 2030: 218,199 · +2.8%
• By 2040: 228,486 · +7.7%
• By 2050: 236,208 · +11.3%
• By 2075: 251,696 · +18.6%
• By 2100: 247,848 · +16.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 6% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 8% Italian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Calcasieu

• 2024 margin: Solid R (+39.6) · D 29.5% · R 69.0% · Other 1.5%
• 2008→2024 swing: -15.0pp toward R · 2008: -24.6pp · 2024: -39.6pp
• All cycles: 2024: R+39.6 2020: R+35.2 2016: R+33.3 2012: R+28.7 2008: R+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.65%
• Current HPI: 99.2379
• 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

-98.7% since first listed

9 events — show timeline

• 2026-05-14 Listed for Rent $1,800 APPFOLIO
• 2026-04-09 Price Changed $222,500 SWLAR
• 2026-02-13 Price Changed $235,000 SWLAR
• 2025-11-14 Listed $239,900 SWLAR
• 2016-04-25 Sold (Public Records) $149,900 Public Records
• 2016-04-22 Sold (MLS) — SWLAR
• 2015-08-05 Listed $149,900 SWLAR
• 2014-05-29 Listed $140,000 GFPAR
• 2014-05-19 Sold (MLS) — GFPAR

Property tax history

-0.7%/yr

Latest (2025): $1,721 · +1.2% YoY. Source: county tax records.