121 Fraternity DrLafayetteLA70506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 121 Fraternity Dr, Lafayette, LA, 70506 at $164,500 posts ROI 26.45% with $297/mo cash flow from $1,319/mo rent. Total monthly income equals $1,319/mo, and annual cash flow records $3,569/yr on $54,532 to close. Return on cash invested measures 26.45% and rental yield reads 9.62% at the current $164,500. Equity gained on principal adds $1,061/yr, and 5% annual appreciation supports $45,448 by year five. Five-year ROI prints 138.02% and total cumulative return in cash totals $75,262.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,319/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1968
6,534 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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Listed by: Allen G Dugas • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #25000560
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