522 Caroline 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 522 Caroline St, New Iberia, LA, 70560 priced at $175,000 pairs $1,687/mo rent with $603/mo cash flow after a $857/mo payment. Total monthly income equals $1,687/mo, and annual cash flow comes to $7,230/yr on $58,013 invested. Return on cash invested is 32.37% in year one, and rental yield stands at 11.57% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 169.71% and total cumulative return in cash reaches $98,455. For financing, Ziffy Mortgage’s DSCR program evaluates $1,687/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.26 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: David Wenger • EXP Realty, LLC
Mls Name: RAA
Mls ID: #2500000325