147 Plantation DrNew IberiaLA70563
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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 147 Plantation Dr, New Iberia, LA, 70563 with 5% annual appreciation on a $229,000 basis while $2,012/mo rent supports operations. Total monthly income totals $2,012/mo and a $1,121/mo payment preserves $593/mo for cash returns. Annual cash flow comes to $7,120/yr on $75,914 deployed, and return on cash invested reaches 29.29% in year one. Equity gained on principal adds $1,478/yr, and five-year appreciation sums $63,268 alongside rental yield of 10.54%. Five-year ROI measures 153.18% and total cumulative return in cash totals $116,285.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,012/mo property income versus a $1,121/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.47 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 |
Housing Distribution
Address Breakdown
Residential
7,767
Single Family
7,551
Multi-Family
216
Businesses
253
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Listed by: Michelle Cart • Keller Williams Realty Acadiana
Mls Name: RAA
Mls ID: #2500005848