1404 S Patout StNew IberiaLA70560
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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 1404 S Patout St, New Iberia, LA, 70560 uses $81,218 cash to close to unlock $3,042/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,771/mo, and a $1,199/mo payment keeps the spread at $254/mo. Purchase price stands at $245,000, and rental yield measures 8.67% with $1,771/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash records $99,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,771/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1987
10,018 sqft 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
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Listed by: Ali LaGarde • Compass
Mls Name: RAA
Mls ID: #2500006991