1108 Louisiana AveLafayetteLA70501
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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 1108 Louisiana Ave, Lafayette, LA, 70501 generates $1,144/mo in rent and, after a $857/mo payment, leaves $60/mo in cash flow. Total monthly income is $1,144/mo, and annual cash flow is $714/yr on $58,013 invested. Return on cash invested sits at 21.14% in year one, and rental yield is 7.84% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 109.48% and total cumulative return in cash sums $63,511. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,144/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
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Listed by: Teresa W Rainey • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24009495
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