1402 Grambling StNew IberiaLA70560
Nearby investment properties with comparable rents
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 1402 Grambling St, New Iberia, LA, 70560 earns $262/mo cash flow from $1,244/mo rent with a $776/mo payment. Total monthly income totals $1,244/mo, and annual cash flow totals $3,143/yr on $52,543 capital. ROI tracks 25.89% on current figures, and rental yield reads 9.42% at a $158,500 purchase. Equity gained on principal adds $1,023/yr, and 5% annual appreciation supports $43,791 over five years. Five-year ROI reaches 134.95% and total cumulative return in cash sums $70,907. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,244/mo property income instead of your personal income.
Single Family
Built in 2017
199 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70560, New Iberia, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,352 (100%) |
| Owner Occupied HU | 9,701 (52.9%) |
| Renter Occupied HU | 5,828 (31.8%) |
| Vacant Housing Units | 2,823 (15.4%) |
| Median Home Value | $158,532 |
| Average Home Value | $183,447 |
Housing Distribution
Address Breakdown
Residential
15,772
Single Family
14,565
Multi-Family
1,207
Businesses
1,546
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A