1405 Pelican 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 1405 Pelican St, New Iberia, LA, 70560 with 5% annual appreciation on a $157,300 basis while $1,197/mo rent supports operations. Total monthly income totals $1,197/mo and a $770/mo payment preserves $223/mo for cash returns. Annual cash flow comes to $2,670/yr on $52,145 deployed, and return on cash invested reaches 25.03% in year one. Equity gained on principal adds $1,015/yr, and five-year appreciation sums $43,459 alongside rental yield of 9.13%. Five-year ROI measures 130.36% and total cumulative return in cash totals $67,974.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,197/mo property income versus a $770/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1960
0.39 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
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