105 Waterside DrLafayetteLA70503
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Lafayette at 105 Waterside Dr, Lafayette, LA, 70503 projects strong ROI of 2.26%. Rental yield 1.99%. With 5% annual appreciation, the property builds $884,101 in value over five years. Equity growth combined delivers a projected five-year ROI of 25.32%, translating into $228,868 in total cumulative return on $904,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2% | 5.2% |
| Monthly Cash Flow | $(15,357) | $1,850 |
City averages based on Lafayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,312 |
| Total Monthly Debt Service | $19,396 |
| DSCR Ratio | 0.27x |
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 1999
4.70 Acres lot
$N/A/sqft
$950 annually 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 1999
4.70 Acres lot
$N/A/sqft
$950 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles W Baudoin • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #23003343
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