1506 Southport Blvd #A-BNew 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 1506 Southport Blvd #A-B, New Iberia, LA, 70560 earns $947/mo cash flow from $3,269/mo rent with a $1,835/mo payment. Total monthly income totals $3,269/mo, and annual cash flow totals $11,358/yr on $124,313 capital. ROI tracks 29.05% on current figures, and rental yield reads 10.46% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 151.85% and total cumulative return in cash sums $188,763. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,269/mo property income instead of your personal income.
Multi Family
Built in N/A
3,175 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: Elizabeth Coleman • ReHive, LLC
Mls Name: RAA
Mls ID: #2500003479