119 Fair Grounds Dr,Lafayette,LA,70503

Investment Highlights

Rental property for sale in Lafayette at 119 Fair Grounds Dr, Lafayette, LA, 70503 priced at $599,999 pairs $3,917/mo rent with $200/mo cash flow after a $2,937/mo payment. Total monthly income equals $3,917/mo, and annual cash flow comes to $2,400/yr on $197,400 invested. Return on cash invested is 21.28% in year one, and rental yield stands at 7.83% on a $599,999 basis. Equity gained on principal adds $3,872/yr, and 5% annual appreciation accumulates to $165,769 by year five. Five-year ROI measures 110.14% and total cumulative return in cash reaches $217,415. For financing, Ziffy Mortgage’s DSCR program evaluates $3,917/mo property income against a $2,937/mo payment instead of your W2s, 1099s, or Tax returns.