For SaleRisky Deal279 days on market
2603 Railroad Rd
2603 Railroad Rd, New Iberia, LA 70560, New Iberia, LA 70560
$225,000
Estimate®:$223,700
Listing Price
2603 Railroad Rd, New Iberia, LA 70560
Loc: New Iberia, LA
Days Listed
279
Tax Assessed
$91k
Estimate®
$224k
Market Rate
Lot Size
18.76 acres
Rent Estimate
$1,179/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Delcambre Elementary School
PK-5
4.1 mi away
6
Delcambre High School
6-12
4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
raised housestilt homewraparound deckwooden deckwood sidingmature oak treerural settinglarge yardoutdoor staircaseelevated porchrusticcozytwo-story
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.82%
Total ROI
41.9%
Cash Flow
$-451/mo
DSCR
0.61
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-451/mo net cash flow with a 3.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in New Iberia, LA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-14 | Price change | $225,000 | $170 |
| 2026-07-29 | Price change | $230,000 | $174 |
| 2026-07-13 | Listed for sale | $233,000 | $177 |
| 2026-07-06 | Pending sale | $233,000 | $177 |
| 2026-06-24 | Price change | $233,000 | $177 |
| 2026-03-25 | Price change | $235,000 | $178 |
| 2026-02-20 | Price change | $240,000 | $182 |
| 2026-01-19 | Price change | $245,000 | $186 |
| 2025-12-19 | Listed for sale | $250,000 | $189 |
| 2022-05-16 | Sold | $0 | – |
| 2022-04-07 | Pending sale | $139,900 | $106 |
| 2022-04-07 | Contingent | $139,900 | $106 |
| 2022-03-25 | Price change | $139,900 | $106 |
| 2022-02-09 | Price change | $149,000 | $113 |
| 2022-01-07 | Listed for sale | $168,000 | $127 |
| 2008-07-01 | Sold | $0 | – |
| 2001-08-17 | Sold | $0 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $751.19 | $9,079 |
| 2024 | $128.59 | $9,079 |
| 2023 | $758.37 | $9,079 |
| 2022 | $747.3 | $9,079 |
| 2021 | $0 | $6,439 |
| 2020 | $0 | $6,439 |
| 2019 | $0 | $6,439 |
| 2017 | $523.09 | $6,787 |
| 2016 | $511.82 | $6,787 |
| 2014 | $492.1 | $6,463 |
| 2010 | $473.34 | $6,202 |
| 2006 | $0 | $5,500 |
| 2003 | $0 | $5,500 |
| 2002 | $0 | $5,500 |
| 2001 | $294.26 | $3,700 |
| 2000 | $301.22 | $3,700 |
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