108 Joliet St, New Iberia, LA, 70563 | $317/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Iberia at 108 Joliet St, New Iberia, LA, 70563 uses $94,478 cash to close to unlock $3,798/yr annual cash flow and $317/mo monthly cash flow. Total monthly income runs $2,082/mo, and a $1,395/mo payment keeps the spread at $317/mo. Purchase price stands at $285,000, and rental yield measures 8.77% with $2,082/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 124.42% and total cumulative return in cash records $117,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,082/mo property income covering a $1,395/mo payment rather than investor’s personal income.

Single Family

Built in N/A

0.45 Acres 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