1061 Melrose Dr · Breaux Bridge, LA 70517

$125,000

3 bd · 2.0 ba · 1,116 sqft · Manufactured public records · 241 Days on market

Built 2015 0.49 ac lot $112/sqft · at area comps Est $130k · at est. ↓ 7% since listing

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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 +25.2/30.0
• ARV discount +9.1/15.0
• DSCR +8.3/10.0
• 1% rule +5.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Take a look at this Newly Renovated home. This home is conveniently located 5 minutes from I-10 and 7 minutes from Walmart and other local grocery stores, businesses and restaurants. This home has a new metal roof, new fixtures, new flooring ''No Carpet'', new cabinets, new paint and new stainless steel kitchen appliances. Also, this home is conveniently located on a quiet dead end street. Do not miss your chance to own this newly renovated and affordable home.Public (Primary)

Key facts

• New metal roof
• New flooring
• New paint

Tags

• NEW METAL ROOF
• NEW FIXTURES
• NEW FLOORING
• NEW CABINETS
• NEW PAINT
• QUIET DEAD END STREET

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $280 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 3.4% in Breaux Bridge — 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 62/100 on livability (#210 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety B+; Watch: crime F, amenities F, commute F.
• St. Martin Parish (rural): math 23% / reading 32% proficiency, ranked #49 of 98 in LA (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 276 active listings in the ZIP; 54 units permitted in St. Martin Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• St. Martin County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 241 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 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. 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: 1.06% ✓
• Cap rate: 8.98%
• Cash-on-cash: 9.59%
• DSCR: 1.43
• GRM: 7.9

CMA / ARV

• ARV (median comp): $129,747
• List price: $125,000
• Delta: -3.66%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1123 Melrose Dr	0.28mi	3/2.0	1,100 (-1%)	19mo	$60,000	$55	69
1091 Melrose Dr	0.13mi	2/2.0 (-1)	1,280 (+15%)	18mo	$90,500	$71	49
1121 Melrose Dr	0.28mi	3/2.0	1,280 (+15%)	21mo	$67,750	$53	45
2961 Main Hwy	0.65mi	3/2.0	1,220 (+9%)	13mo	$155,000	$127	43

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: -1.9%
• Equity multiple: 0.93×
• Total profit: $-2,476
• Equity at exit: $18,638

10-year hold

• IRR: 7.8%
• Equity multiple: 1.59×
• Total profit: $20,624
• Equity at exit: $10,808

Cash invested: $35,000 (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 70517

• Home prices YoY: -33.7%
• Active inventory: 276
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,322 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$57 /mo · $684/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $280

Break-even live

Break-even rent $968

Max offer price $125,000

Occupancy floor 74%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-10
   status $125,000 Pending 241 DOM
2. 2026-06-09
   days on market $125,000 Active 241 DOM
3. 2026-06-08
   days on market $125,000 Active 240 DOM
4. 2026-06-07
   days on market $125,000 Active 239 DOM
5. 2026-06-05
   days on market $125,000 Active 236 DOM
6. 2026-06-02
   days on market $125,000 Active 234 DOM
7. 2026-06-01
   days on market $125,000 Active 233 DOM
8. 2026-05-31
   days on market $125,000 Active 232 DOM
9. 2026-05-30
   days on market $125,000 Active 231 DOM
10. 2026-05-14
    price $125,000 481-char remark

    Show marketing remark (481 chars)

    Take a look at this Newly Renovated home. This home is conveniently located 5 minutes from I-10 and 7 minutes from Walmart and other local grocery stores, businesses and restaurants. This home has a new metal roof, new fixtures, new flooring ''No Carpet'', new cabinets, new paint and new stainless steel kitchen appliances. Also, this home is conveniently located on a quiet dead end street. Do not miss your chance to own this newly renovated and affordable home.Public (Primary)

11. 2026-04-07
    price $130,000 481-char remark

    Show marketing remark (481 chars)

    Take a look at this Newly Renovated home. This home is conveniently located 5 minutes from I-10 and 7 minutes from Walmart and other local grocery stores, businesses and restaurants. This home has a new metal roof, new fixtures, new flooring ''No Carpet'', new cabinets, new paint and new stainless steel kitchen appliances. Also, this home is conveniently located on a quiet dead end street. Do not miss your chance to own this newly renovated and affordable home.Public (Primary)

12. 2026-01-08
    price $132,000 481-char remark

    Show marketing remark (481 chars)

    Take a look at this Newly Renovated home. This home is conveniently located 5 minutes from I-10 and 7 minutes from Walmart and other local grocery stores, businesses and restaurants. This home has a new metal roof, new fixtures, new flooring ''No Carpet'', new cabinets, new paint and new stainless steel kitchen appliances. Also, this home is conveniently located on a quiet dead end street. Do not miss your chance to own this newly renovated and affordable home.Public (Primary)

13. 2025-10-10
    listed $135,000 Active 481-char remark

    Show marketing remark (481 chars)

    Take a look at this Newly Renovated home. This home is conveniently located 5 minutes from I-10 and 7 minutes from Walmart and other local grocery stores, businesses and restaurants. This home has a new metal roof, new fixtures, new flooring ''No Carpet'', new cabinets, new paint and new stainless steel kitchen appliances. Also, this home is conveniently located on a quiet dead end street. Do not miss your chance to own this newly renovated and affordable home.Public (Primary)

ⓘ 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: $684 · $57/mo
• Projected year-2 tax: $688 · $57/mo
• Expected delta: +$3/yr ($0/mo · 0.5%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 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: $15,865
• − Mortgage interest: −$7,002
• − Property taxes: −$684
• − Insurance: −$625
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − Depreciation: −$3,636
• Taxable income: $1,379
• Est. tax owed @ 24.0%: −$331
• After-tax cash flow: $3,027/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: St. Martin Parish
• NCES district ID: 2201590
• Math proficiency: 23% ▼ -44.00%
• Reading proficiency: 32% ▼ -36.00%
• Median HH income: $42,813
• Composite: 23.41/100
• National rank: #7897
• State rank: #49 of 98 in LA

Livability — Breaux Bridge

• Score: 62/100
• State rank: #210
• US rank: #16362

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 26,570

Population outlook (St. Martin County) Hauer SSP2

• Today (2025): 57,446 people
• By 2030: 58,857 · +2.5%
• By 2040: 60,859 · +5.9%
• By 2050: 61,419 · +6.9%
• By 2075: 61,574 · +7.2%
• By 2100: 57,253 · -0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 30% Two or more races 5% Hispanic / Latino 4% Asian 1%
• Common ancestry: Lithuanian 18% Slovak 1% Romanian 1%
• Foreign-born: 3% · Canada, Vietnam, China
• Languages at home: 87% English-only · French/Haitian/Cajun 9% Spanish 3% Vietnamese 1%

Political lean MEDSL · St. Martin

• 2024 margin: Solid R (+40.7) · D 29.1% · R 69.8% · Other 1.0%
• 2008→2024 swing: -20.0pp toward R · 2008: -20.7pp · 2024: -40.7pp
• All cycles: 2024: R+40.7 2020: R+36.1 2016: R+33.4 2012: R+24.5 2008: R+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.00%
• Current HPI: 143.4293
• 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

-7.4% since first listed

4 events — show timeline

• 2026-05-14 Price Changed $125,000 AcadianaMLS
• 2026-04-07 Price Changed $130,000 AcadianaMLS
• 2026-01-08 Price Changed $132,000 AcadianaMLS
• 2025-10-10 Listed $135,000 AcadianaMLS

Property tax history

+13.9%/yr

Latest (2025): $684 · -0.6% YoY. Source: county tax records.