147 Oakbend DrLafayetteLA70506
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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
Rental property for sale in Lafayette at 147 Oakbend Dr, Lafayette, LA, 70506 offers $1,905/mo rent that, after a $1,297/mo payment, leaves $211/mo cash flow. Total monthly income is $1,905/mo, and annual cash flow is $2,533/yr on $87,814 cash. Return on cash invested measures 22.79% in year one, and rental yield stands at 8.63% at a $264,900 entry. Equity gained on principal adds $1,709/yr while 5% annual appreciation compounds into $73,187 by year five. Five-year ROI records 118.64% and total cumulative return in cash reaches $104,180. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,905/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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
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Listed by: Gunnar B Raborn • EXP Realty, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24009441
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