137 Gordon Crockett DrLafayetteLA70508
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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 137 Gordon Crockett Dr, Lafayette, LA, 70508 uses $129,285 cash to close to unlock $6,636/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $2,969/mo, and a $1,909/mo payment keeps the spread at $553/mo. Purchase price stands at $390,000, and rental yield measures 9.14% with $2,969/mo rent. Return on cash invested shows 25.04% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 130.36% and total cumulative return in cash records $168,536. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,969/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 1974
10,018 sqft 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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