617 Julia 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
Investment property for sale in New Iberia at 617 Julia St, New Iberia, LA, 70560 at $184,000 posts ROI 25.37% with $278/mo cash flow from $1,418/mo rent. Total monthly income equals $1,418/mo, and annual cash flow records $3,334/yr on $60,996 to close. Return on cash invested measures 25.37% and rental yield reads 9.25% at the current $184,000. Equity gained on principal adds $1,187/yr, and 5% annual appreciation supports $50,836 by year five. Five-year ROI prints 132.17% and total cumulative return in cash totals $80,617.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,418/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
8,712 sqft 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: Michael Lamperez • Caffery Real Estate, Inc.
Mls Name: RAA
Mls Provider:
Mls ID: #24009239
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST