131 E Pamela 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 131 E Pamela Dr, Lafayette, LA, 70506 uses $48,068 cash to close to unlock $8,490/yr annual cash flow and $708/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $710/mo payment keeps the spread at $708/mo. Purchase price stands at $145,000, and rental yield measures 13.29% with $1,606/mo rent. Return on cash invested shows 37.57% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 197.61% and total cumulative return in cash records $94,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $710/mo payment rather than investor’s personal income.
Townhouse
Built in 1982
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices