1016 Christopher StNew IberiaLA70563
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Nearby investment properties with comparable prices
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 1016 Christopher St, New Iberia, LA, 70563 uses $59,670 cash to close to unlock $6,420/yr annual cash flow and $535/mo monthly cash flow. Total monthly income runs $1,650/mo, and a $881/mo payment keeps the spread at $535/mo. Purchase price stands at $180,000, and rental yield measures 11% with $1,650/mo rent. Return on cash invested shows 30.67% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 160.53% and total cumulative return in cash records $95,789. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,650/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in N/A
9,748 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: Kreshonda Robertson • Keller Williams Realty Acadiana
Mls Name: RAA
Mls Provider:
Mls ID: #2020023105
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2025-04-25 12:12:18 PDT