114 Crab Apple HlLafayetteLA70507
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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 114 Crab Apple Hl, Lafayette, LA, 70507 uses $89,505 cash to close to unlock $6,163/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $2,244/mo, and a $1,322/mo payment keeps the spread at $514/mo. Purchase price stands at $270,000, and rental yield measures 9.97% with $2,244/mo rent. Return on cash invested shows 26.8% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 140.08% and total cumulative return in cash records $125,377. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,244/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No 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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