2212 Grand Prairie RdNew 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 2212 Grand Prairie Rd, New Iberia, LA, 70560 offers a 9.13% rental yield on a $130,000 purchase with $989/mo rent. Total monthly income registers $989/mo, and a $636/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,208/yr on $43,095 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 130.32% and total cumulative return in cash at $56,163. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $989/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.32 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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Listed by: Kreshonda Robertson • Keller Williams Realty Acadiana
Mls Name: RAA
Mls ID: #2500002953