708 Barrow StNew IberiaLA70563
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 708 Barrow St, New Iberia, LA, 70563 generates $1,441/mo in rent and, after a $994/mo payment, leaves $166/mo in cash flow. Total monthly income is $1,441/mo, and annual cash flow is $1,997/yr on $67,291 invested. Return on cash invested sits at 22.88% in year one, and rental yield is 8.52% on a $202,990 entry. Equity gained on principal adds $1,310/yr, while 5% annual appreciation builds toward $56,082 over five years. Five-year ROI reaches 118.93% and total cumulative return in cash sums $80,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,441/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
8,698 sqft lot
$N/A/sqft
$200 annually 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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Nearby investment properties with comparable prices
Listed by: Leslie Dekle • WJH LLC of Delaware
Mls Name: RAA
Mls Provider:
Mls ID: #24010394
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