138 Harrison DrLafayetteLA70507
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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 138 Harrison Dr, Lafayette, LA, 70507 earns $198/mo cash flow from $1,048/mo rent with a $670/mo payment. Total monthly income totals $1,048/mo, and annual cash flow totals $2,374/yr on $45,382 capital. ROI tracks 25.14% on current figures, and rental yield reads 9.19% at a $136,900 purchase. Equity gained on principal adds $883/yr, and 5% annual appreciation supports $37,823 over five years. Five-year ROI reaches 130.96% and total cumulative return in cash sums $59,433. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,048/mo property income instead of your personal income.
Single Family
Built in N/A
5,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70507, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,704 (100%) |
| Owner Occupied HU | 5,364 (61.6%) |
| Renter Occupied HU | 2,357 (27.1%) |
| Vacant Housing Units | 983 (11.3%) |
| Median Home Value | $222,659 |
| Average Home Value | $265,455 |
Housing Distribution
Address Breakdown
Residential
8,226
Single Family
7,213
Multi-Family
1,013
Businesses
481
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Listed by: Anna Ward • Reliance Real Estate Group
Mls Name: RAA
Mls Provider:
Mls ID: #24008775
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