1304 E Bayou Pkwy APT 4ALafayetteLA70508
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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
Total monthly income runs $1,222/mo, and a $759/mo payment. Purchase price stands at $155,000, and rental yield measures 9.46% with $1,222/mo rent. Return on cash invested shows 19.49% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 103.07% and total cumulative return in cash records $52,960. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,222/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$255 monthly 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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Listed by: Teresa Scarsella • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #2020023976
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 2025-05-22 12:22:19 PDT