103 Medalist AveLafayetteLA70506
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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
Rental property for sale in Lafayette at 103 Medalist Ave, Lafayette, LA, 70506 generates $3,646/mo in rent, after a $3,181/mo payment. Total monthly income is $3,646/mo. Return on cash invested sits at 17.65% in year one, and rental yield is 6.73% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 90.78% and total cumulative return in cash sums $194,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,646/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
7,801 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70506, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,115 (100%) |
| Owner Occupied HU | 9,649 (45.7%) |
| Renter Occupied HU | 9,076 (43.0%) |
| Vacant Housing Units | 2,390 (11.3%) |
| Median Home Value | $245,556 |
| Average Home Value | $281,646 |
Housing Distribution
Address Breakdown
Residential
19,861
Single Family
14,582
Multi-Family
5,279
Businesses
1,547
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Listed by: Arla Slaughter • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #24006752
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