113 Baker StLafayetteLA70518
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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 113 Baker St, Lafayette, LA, 70518 priced at $299,900 converts $1,998/mo rent into $138/mo cash flow after a $1,468/mo obligation. Total monthly income equals $1,998/mo, and annual cash flow totals $1,658/yr on $99,417 invested. Return on cash invested prints 21.58% in year one, and rental yield reads 7.99% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 111.84% and total cumulative return in cash sums $111,184. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,998/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70518, Broussard, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,416 (100%) |
| Owner Occupied HU | 5,481 (73.9%) |
| Renter Occupied HU | 1,225 (16.5%) |
| Vacant Housing Units | 710 ( 9.6%) |
| Median Home Value | $283,930 |
| Average Home Value | $307,325 |
Housing Distribution
Address Breakdown
Residential
7,313
Single Family
6,652
Multi-Family
661
Businesses
1,354
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Listed by: Lena M Lavine • Keaty Real Estate Team
Mls Name: RAA
Mls Provider:
Mls ID: #2020022374
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 2025-04-11 12:12:18 PDT