406 Orange Grove DrNew 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 406 Orange Grove Dr, New Iberia, LA, 70560 at $210,000 posts ROI 22.43% with $146/mo cash flow from $1,447/mo rent. Total monthly income equals $1,447/mo, and annual cash flow records $1,752/yr on $69,615 to close. Return on cash invested measures 22.43% and rental yield reads 8.27% at the current $210,000. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 by year five. Five-year ROI prints 116.32% and total cumulative return in cash totals $80,980.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,447/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
0.50 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: Julie D Howell • Coldwell Banker Trahan Real Estate Group
Mls Name: RAA
Mls ID: #2500006122