119 Chicory LnLafayetteLA70506
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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 119 Chicory Ln, Lafayette, LA, 70506 uses $71,273 cash to close to unlock $7,854/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $1,986/mo, and a $1,052/mo payment keeps the spread at $655/mo. Purchase price stands at $215,000, and rental yield measures 11.08% with $1,986/mo rent. Return on cash invested shows 30.93% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 161.97% and total cumulative return in cash records $115,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,986/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No 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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