6218 Old Jeanerette RdNew IberiaLA70563
Nearby investment properties with comparable rents
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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 6218 Old Jeanerette Rd, New Iberia, LA, 70563 priced at $1,140,500 converts $2,460/mo rent into after a $5,582/mo obligation. Total monthly income equals $2,460/mo. Return on cash invested prints 5.42% in year one, and rental yield reads 2.59% against a $1,140,500 entry. Equity gained on principal adds $7,359/yr, while 5% annual appreciation compiles into $315,099 by year five. Five-year ROI reaches 25.04% and total cumulative return in cash sums $92,523. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,460/mo property income covering a $5,582/mo payment, not borrower’s personal income.
Single Family
Built in 2021
3.36 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: Rebekah McGee • McGeeScott Realty
Mls Name: RAA
Mls ID: #2020023186