1015 Lee AveLafayetteLA70501
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.12% gross rental yield, 1015 Lee Ave, Lafayette, LA, 70501 in Lafayette is priced for capital growth, not immediate cash flow. The $375,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $103,606 by year five, with $3,454/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.76) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $75,524.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.1% | 5.2% |
| Monthly Cash Flow | $(1,037) | $1,850 |
City averages based on Lafayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,286 |
| Total Monthly Debt Service | $2,174 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1880
N/A lot
$N/A/sqft
No HOA
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
Single Family
Built in 1880
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Setareh A Mirian • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #24010477
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