1005 Russo StNew IberiaLA70563
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New Iberia at 1005 Russo St, New Iberia, LA, 70563 uses $66,300 cash to close to unlock $4,860/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $1,644/mo, and a $979/mo payment keeps the spread at $405/mo. Purchase price stands at $200,000, and rental yield measures 9.86% with $1,644/mo rent. Return on cash invested shows 27.24% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 142.17% and total cumulative return in cash records $94,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,644/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 2000
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70563, New Iberia, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,234 (100%) |
| Owner Occupied HU | 6,189 (75.2%) |
| Renter Occupied HU | 1,282 (15.6%) |
| Vacant Housing Units | 763 ( 9.3%) |
| Median Home Value | $206,170 |
| Average Home Value | $247,525 |
Housing Distribution
Address Breakdown
Residential
7,767
Single Family
7,551
Multi-Family
216
Businesses
253
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Listed by: Jade Barras • Compass
Mls Name: Latter and Blum
Mls ID: #2500002102