200 Newtown 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
Rental property for sale in Lafayette at 200 Newtown Dr, Lafayette, LA, 70508 generates $3,848/mo in rent and, after a $2,602/mo payment, leaves $464/mo in cash flow. Total monthly income is $3,848/mo, and annual cash flow is $5,566/yr on $174,921 invested. Return on cash invested sits at 23.24% in year one, and rental yield is 8.69% on a $531,675 entry. Equity gained on principal adds $3,431/yr, while 5% annual appreciation builds toward $146,892 over five years. Five-year ROI reaches 120.91% and total cumulative return in cash sums $211,504. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,848/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$91 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: Sean Hettich • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24004164
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