713 St. Jude Ave · New Iberia, LA 70560

$84,999

3 bd · 2.0 ba · 9,459 sqft · Other · 143 Days on market

10,018 sqft lot $9/sqft · 48% below area Est $163k · 48% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• 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 MLS

Two house package. (Unit One) House at 713 St Jude Ave has an eat in kitchenand an extra flex space in the front of the house. This 2 bedroom unit has central heat and window units fora/c. Rents for $850/month. The charming cottage at 714 (Unit Two) is currently tenant occupied and rents for$700/month. It has an open floor plan with built-ins in the living room and bedroom. This unit has a centralHVAC unit. Both homes have covered carports.

Key facts

• Central heat
• Central hvac unit
• Open floor plan

Tags

• EAT IN KITCHEN
• EXTRA FLEX SPACE
• CENTRAL HEAT
• CENTRAL HVAC UNIT
• OPEN FLOOR PLAN
• BUILT INS

🏷️ Possibly a rental listed for sale. The $84,999 price doesn't fit this home's estimated sale value (~$162,660) 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 $85k.

Deal economics

• At list price, monthly cash flow is $455 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.7% vs local median 5.8% 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: 237 active listings in the ZIP; 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 $587 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 143 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $8k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $43k; list at $85k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $74,799 (12.0% below list)

Questions for the listing agent

1. It's been on market 143 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: 1.42% ✓
• Cap rate: 12.72%
• Cash-on-cash: 22.94%
• DSCR: 2.02
• GRM: 5.9

CMA / ARV

• ARV (median comp): $162,660
• List price: $84,999
• Delta: -47.74%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 15.9%
• Equity multiple: 1.64×
• Total profit: $15,172
• Equity at exit: $12,674

10-year hold

• IRR: 24.5%
• Equity multiple: 3.12×
• Total profit: $50,381
• Equity at exit: $7,349

Cash invested: $23,800 (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: 5.9×

Monthly cashflow live

• Estimated rent: $1,207 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$17 /mo · $205/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $455

Break-even live

Break-even rent $631

Max offer price $84,999

Occupancy floor 57%

Sensitivity live

Price	-10% $503	-5% $479	+0% $455	+5% $431	+10% $407
Rent	-10% $360	-5% $407	+0% $455	+5% $503	+10% $550
Rate	-1.0pp $498	-0.5pp $477	base $455	+0.5pp $433	+1.0pp $411

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $84,999 Active 143 DOM
2. 2026-06-17
   days on market $84,999 Active 142 DOM
3. 2026-06-16
   days on market $84,999 Active 141 DOM
4. 2026-06-15
   days on market $84,999 Active 140 DOM
5. 2026-06-14
   days on market $84,999 Active 138 DOM
6. 2026-06-13
   days on market $84,999 Active 137 DOM
7. 2026-06-10
   days on market $84,999 Active 135 DOM
8. 2026-06-09
   days on market $84,999 Active 134 DOM
9. 2026-06-09
   price $84,999 Active 133 DOM
10. 2026-06-08
    days on market $90,000 Active 133 DOM
11. 2026-06-07
    days on market $90,000 Active 132 DOM
12. 2026-06-05
    days on market $90,000 Active 129 DOM
13. 2026-06-03
    days on market $90,000 Active 128 DOM
14. 2026-06-02
    days on market $90,000 Active 127 DOM
15. 2026-06-01
    days on market $90,000 Active 126 DOM
16. 2026-05-31
    days on market $90,000 Active 125 DOM
17. 2026-05-30
    days on market $90,000 Active 124 DOM
18. 2026-04-20
    price $90,000 444-char remark

    Show marketing remark (444 chars)

    Two house package. (Unit One) House at 713 St Jude Ave has an eat in kitchenand an extra flex space in the front of the house. This 2 bedroom unit has central heat and window units fora/c. Rents for $850/month. The charming cottage at 714 (Unit Two) is currently tenant occupied and rents for$700/month. It has an open floor plan with built-ins in the living room and bedroom. This unit has a centralHVAC unit. Both homes have covered carports.

19. 2026-01-26
    listed $93,000 Active 444-char remark

    Show marketing remark (444 chars)

    Two house package. (Unit One) House at 713 St Jude Ave has an eat in kitchenand an extra flex space in the front of the house. This 2 bedroom unit has central heat and window units fora/c. Rents for $850/month. The charming cottage at 714 (Unit Two) is currently tenant occupied and rents for$700/month. It has an open floor plan with built-ins in the living room and bedroom. This unit has a centralHVAC unit. Both homes have covered carports.

20. 2025-09-08
    status Active
21. 2025-09-03
    status Pending
22. 2025-09-02
    listed $48,000 Active
23. 2021-02-26
    soldstatus $43,000
24. 2020-11-21
    listed $49,000

ⓘ 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: $205 · $17/mo
• Projected year-2 tax: $467 · $39/mo
• Expected delta: +$262/yr (+$22/mo · 128.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 21 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: $14,480
• − Mortgage interest: −$4,761
• − Property taxes: −$205
• − Insurance: −$425
• − Repairs & maintenance: −$1,158
• − Management: −$1,158
• − Depreciation: −$2,473
• Taxable income: $4,299
• Est. tax owed @ 24.0%: −$1,032
• After-tax cash flow: $4,429/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

+83.7% since first listed

7 events — show timeline

• 2026-04-20 Price Changed $90,000 AcadianaMLS
• 2026-01-26 Listed $93,000 AcadianaMLS
• 2025-09-08 Relisted — AcadianaMLS
• 2025-09-03 Pending — AcadianaMLS
• 2025-09-02 Listed $48,000 AcadianaMLS
• 2021-02-26 Sold (MLS) $43,000 AcadianaMLS
• 2020-11-21 Listed $49,000 AcadianaMLS

Property tax history

-1.8%/yr

Latest (2025): $205 · +2.0% YoY. Source: county tax records.