907 Douglas BlvdNew 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
Total monthly income runs $917/mo, and a $3,181/mo payment. Purchase price stands at $650,000, and rental yield measures 1.69% with $917/mo rent. Return on cash invested shows 2.61% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 10.06% and total cumulative return in cash records $21,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $917/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
3.96 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: Shawn P Carter • Carter Neuville
Mls Name: RAA
Mls ID: #2020023642