7713 Fred Romero RdNew 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 7713 Fred Romero Rd, New Iberia, LA, 70560 uses $56,355 cash to close to unlock $6,540/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $1,598/mo, and a $832/mo payment keeps the spread at $545/mo. Purchase price stands at $170,000, and rental yield measures 11.28% with $1,598/mo rent. Return on cash invested shows 31.51% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 165.08% and total cumulative return in cash records $93,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,598/mo property income covering a $832/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
0.70 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: Aun'Trawnae T Martin • Real Broker, LLC
Mls Name: RAA
Mls ID: #2500004798