707 Hummingbird LnNew 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 707 Hummingbird Ln, New Iberia, LA, 70560 with 5% annual appreciation on a $480,000 basis while $3,434/mo rent supports operations. Total monthly income totals $3,434/mo and a $2,349/mo payment preserves $461/mo for cash returns. Annual cash flow comes to $5,532/yr on $159,120 deployed, and return on cash invested reaches 23.39% in year one. Equity gained on principal adds $3,097/yr, and five-year appreciation sums $132,615 alongside rental yield of 8.58%. Five-year ROI measures 121.48% and total cumulative return in cash totals $193,301.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,434/mo property income versus a $2,349/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.31 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: Lisa Duhe Lourd • McGeeScott Realty
Mls Name: RAA
Mls ID: #2500002354