111 Oak Haven DrLafayetteLA70507
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
Investment Highlights
Rental property for sale in Lafayette at 111 Oak Haven Dr, Lafayette, LA, 70507 priced at $254,260 pairs $2,100/mo rent with $472/mo cash flow after a $1,244/mo payment. Total monthly income equals $2,100/mo, and annual cash flow comes to $5,666/yr on $84,287 invested. Return on cash invested is 26.63% in year one, and rental yield stands at 9.91% on a $254,260 basis. Equity gained on principal adds $1,641/yr, and 5% annual appreciation accumulates to $70,247 by year five. Five-year ROI measures 139.23% and total cumulative return in cash reaches $117,351. For financing, Ziffy Mortgage’s DSCR program evaluates $2,100/mo property income against a $1,244/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
$160 quarterly 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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Listed by: Saun Sullivan • Cicero Realty LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24009266
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