1514 Highland DrNew 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
Rental property for sale in New Iberia at 1514 Highland Dr, New Iberia, LA, 70560 priced at $254,500 converts $1,748/mo rent into $146/mo cash flow after a $1,246/mo obligation. Total monthly income equals $1,748/mo, and annual cash flow totals $1,754/yr on $84,367 invested. Return on cash invested prints 21.99% in year one, and rental yield reads 8.24% against a $254,500 entry. Equity gained on principal adds $1,642/yr, while 5% annual appreciation compiles into $70,314 by year five. Five-year ROI reaches 114.18% and total cumulative return in cash sums $96,331. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,748/mo property income covering a $1,246/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
$300 annually 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: James Keaty • Keaty Real Estate Team
Mls Name: RAA
Mls Provider:
Mls ID: #2020023464
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2025-05-06 12:12:16 PDT