605 Terrell CtNew 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
Investment property for sale in New Iberia at 605 Terrell Ct, New Iberia, LA, 70563 earns $474/mo cash flow from $2,796/mo rent with a $1,835/mo payment. Total monthly income totals $2,796/mo, and annual cash flow totals $5,682/yr on $124,313 capital. ROI tracks 24.48% on current figures, and rental yield reads 8.95% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 127.37% and total cumulative return in cash sums $158,331. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,796/mo property income instead of your personal income.
Single Family
Built in 2002
0.39 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: Sith Thalanh • EXP Realty, LLC
Mls Name: RAA
Mls ID: #2020024467