303 Kathryn StNew 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 303 Kathryn St, New Iberia, LA, 70560 priced at $180,000 converts $1,742/mo rent into $627/mo cash flow after a $881/mo obligation. Total monthly income equals $1,742/mo, and annual cash flow totals $7,524/yr on $59,670 invested. Return on cash invested prints 32.52% in year one, and rental yield reads 11.61% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 170.45% and total cumulative return in cash sums $101,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,742/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1957
10,079 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: Amy Firmin • Compass
Mls Name: RAA
Mls ID: #2500002181