607 Ernest StNew 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 607 Ernest St, New Iberia, LA, 70563 earns $195/mo cash flow from $932/mo rent with a $582/mo payment. Total monthly income totals $932/mo, and annual cash flow totals $2,344/yr on $39,449 capital. ROI tracks 25.85% on current figures, and rental yield reads 9.4% at a $119,000 purchase. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 over five years. Five-year ROI reaches 134.77% and total cumulative return in cash sums $53,165. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $932/mo property income instead of your personal income.
Single Family
Built in N/A
6,534 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
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Listed by: Rebekah McGee • McGeeScott Realty
Mls Name: RAA
Mls ID: #2500000627