113 Grenadine DrLafayetteLA70506
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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 113 Grenadine Dr, Lafayette, LA, 70506 uses $88,477 cash to close to unlock $4,072/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $2,034/mo, and a $1,306/mo payment keeps the spread at $339/mo. Purchase price stands at $266,900, and rental yield measures 9.14% with $2,034/mo rent. Return on cash invested shows 24.51% in year one, and 5% annual appreciation builds toward $73,740 over five years. Five-year ROI reaches 127.76% and total cumulative return in cash records $113,040. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $1,306/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4,029 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70506, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,115 (100%) |
| Owner Occupied HU | 9,649 (45.7%) |
| Renter Occupied HU | 9,076 (43.0%) |
| Vacant Housing Units | 2,390 (11.3%) |
| Median Home Value | $245,556 |
| Average Home Value | $281,646 |
Housing Distribution
Address Breakdown
Residential
19,861
Single Family
14,582
Multi-Family
5,279
Businesses
1,547
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Listed by: Tassie Fonseca • Lamplighter Realty, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24009981
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