107 Candlestick LnLafayetteLA70507
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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 107 Candlestick Ln, Lafayette, LA, 70507 priced at $330,000 converts $2,203/mo rent into $159/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,203/mo, and annual cash flow totals $1,908/yr on $109,395 invested. Return on cash invested prints 21.65% in year one, and rental yield reads 8.01% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 112.19% and total cumulative return in cash sums $122,735. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,203/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70507, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,704 (100%) |
| Owner Occupied HU | 5,364 (61.6%) |
| Renter Occupied HU | 2,357 (27.1%) |
| Vacant Housing Units | 983 (11.3%) |
| Median Home Value | $222,659 |
| Average Home Value | $265,455 |
Housing Distribution
Address Breakdown
Residential
8,226
Single Family
7,213
Multi-Family
1,013
Businesses
481
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