307 Ash StNew IberiaLA70563
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 307 Ash St, New Iberia, LA, 70563 priced at $138,000 pairs $1,229/mo rent with $375/mo cash flow after a $675/mo payment. Total monthly income equals $1,229/mo, and annual cash flow comes to $4,495/yr on $45,747 invested. Return on cash invested is 29.74% in year one, and rental yield stands at 10.69% on a $138,000 basis. Equity gained on principal adds $890/yr, and 5% annual appreciation accumulates to $38,127 by year five. Five-year ROI measures 155.59% and total cumulative return in cash reaches $71,178. For financing, Ziffy Mortgage’s DSCR program evaluates $1,229/mo property income against a $675/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
10,454 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen H Theriot • NextHome Cutting Edge Realty
Mls Name: RAA
Mls ID: #2500004440