904 Orange Grove AveNew IberiaLA70560
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
Investment property for sale in New Iberia at 904 Orange Grove Ave, New Iberia, LA, 70560 uses $56,189 cash to close to unlock $4,676/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $830/mo payment keeps the spread at $390/mo. Purchase price stands at $169,500, and rental yield measures 10.19% with $1,440/mo rent. Return on cash invested shows 28.23% in year one, and 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 147.5% and total cumulative return in cash records $82,880. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $830/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kirk M Brown • EXP Realty, LLC
Mls Name: RAA
Mls ID: #2500002451