503 Texas 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 503 Texas St, New Iberia, LA, 70563 offers $804/mo rent that, after a $489/mo payment, leaves $185/mo cash flow. Total monthly income is $804/mo, and annual cash flow is $2,220/yr on $33,150 cash. Return on cash invested measures 26.61% in year one, and rental yield stands at 9.65% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 138.73% and total cumulative return in cash reaches $45,988. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $804/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.25 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: Lonnie L Trimble • EXP Realty, LLC
Mls Name: RAA
Mls ID: #2500005181