113 Charles Read Ave, Lafayette, LA, 70503 | $42/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lafayette at 113 Charles Read Ave, Lafayette, LA, 70503 generates $2,364/mo in rent and, after a $1,835/mo payment, leaves $42/mo in cash flow. Total monthly income is $2,364/mo, and annual cash flow is $498/yr on $124,313 invested. Return on cash invested sits at 20.31% in year one, and rental yield is 7.56% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 105.01% and total cumulative return in cash sums $130,539. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,364/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

0.39 Acres lot

$N/A/sqft

No HOA