1304 E Bayou Pkwy APT 1ALafayetteLA70508
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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 1304 E Bayou Pkwy APT 1A, Lafayette, LA, 70508 offers a 9.22% rental yield on a $159,000 purchase with $1,222/mo rent. Total monthly income registers $1,222/mo, and a $778/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,848/yr on $52,709 to close, and return on cash invested stands at 25.31% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 131.89% and total cumulative return in cash at $69,516. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,222/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70508, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,424 (100%) |
| Owner Occupied HU | 12,199 (56.9%) |
| Renter Occupied HU | 6,462 (30.2%) |
| Vacant Housing Units | 2,763 (12.9%) |
| Median Home Value | $314,945 |
| Average Home Value | $394,583 |
Housing Distribution
Address Breakdown
Residential
19,734
Single Family
14,377
Multi-Family
5,357
Businesses
2,533
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