305 Henry StNew IberiaLA70563
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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 305 Henry St, New Iberia, LA, 70563 priced at $220,000 pairs $1,450/mo rent with $87/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,450/mo, and annual cash flow comes to $1,044/yr on $72,930 invested. Return on cash invested is 21.34% in year one, and rental yield stands at 7.91% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 110.52% and total cumulative return in cash reaches $80,603. For financing, Ziffy Mortgage’s DSCR program evaluates $1,450/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.97 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 |
Housing Distribution
Address Breakdown
Residential
7,767
Single Family
7,551
Multi-Family
216
Businesses
253
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Listed by: Carl J Johnson • Real Broker, LLC
Mls Name: RAA
Mls ID: #2500006407