3 Carmel Bnd, New Iberia, LA, 70563 | 6.07% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New Iberia at 3 Carmel Bnd, New Iberia, LA, 70563 offers $1,941/mo rent that, after a $1,879/mo payment. Total monthly income is $1,941/mo. Return on cash invested measures 15.79% in year one, and rental yield stands at 6.07% at a $384,000 entry. Equity gained on principal adds $2,478/yr while 5% annual appreciation compounds into $106,092 by year five. Five-year ROI records 80.74% and total cumulative return in cash reaches $102,776. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,941/mo property income versus a $1,879/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2003

0.28 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