102 Myrtle Oak AveNew 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
Rental property for sale in New Iberia at 102 Myrtle Oak Ave, New Iberia, LA, 70563 priced at $186,900 converts $1,837/mo rent into $679/mo cash flow after a $915/mo obligation. Total monthly income equals $1,837/mo, and annual cash flow totals $8,148/yr on $61,957 invested. Return on cash invested prints 33.06% in year one, and rental yield reads 11.79% against a $186,900 entry. Equity gained on principal adds $1,206/yr, while 5% annual appreciation compiles into $51,637 by year five. Five-year ROI reaches 173.46% and total cumulative return in cash sums $107,471. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,837/mo property income covering a $915/mo payment, not borrower’s personal income.
Single Family
Built in N/A
9,378 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: Ben R Blackburn • Century 21 Action Realty
Mls Name: RAA
Mls Provider:
Mls ID: #23000870
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 2024-02-12 10:51:22 PST