108 Timber Bark RdLafayetteLA70508
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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
Investment property for sale in Lafayette at 108 Timber Bark Rd, Lafayette, LA, 70508 uses $119,340 cash to close to unlock $6,745/yr annual cash flow and $562/mo monthly cash flow. Total monthly income runs $2,852/mo, and a $1,762/mo payment keeps the spread at $562/mo. Purchase price stands at $360,000, and rental yield measures 9.51% with $2,852/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 133.41% and total cumulative return in cash records $159,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,852/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2017
0.30 Acres lot
$N/A/sqft
$330 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70508, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,424 (100%) |
| Owner Occupied HU | 12,199 (56.9%) |
| Renter Occupied HU | 6,462 (30.2%) |
| Vacant Housing Units | 2,763 (12.9%) |
| Median Home Value | $314,945 |
| Average Home Value | $394,583 |
Housing Distribution
Address Breakdown
Residential
19,734
Single Family
14,377
Multi-Family
5,357
Businesses
2,533
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Listed by: Sydney Nguyen • Keller Williams Realty Acadiana
Mls Name: RAA
Mls Provider:
Mls ID: #24010805
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