1609 Wallace StNew IberiaLA70560
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1609 Wallace St, New Iberia, LA, 70560 generates $1,606/mo in rent and, after a $1,028/mo payment, leaves $305/mo in cash flow. Total monthly income is $1,606/mo, and annual cash flow is $3,660/yr on $69,615 invested. Return on cash invested sits at 25.17% in year one, and rental yield is 9.18% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 131.03% and total cumulative return in cash sums $91,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,606/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Natalie L Oubre • BHGRE Rhodes Realty
Mls Name: RAA
Mls ID: #2500003709