203 Basin StLafayetteLA70506
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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 203 Basin St, Lafayette, LA, 70506 at $157,000 posts ROI 28.05% with $353/mo cash flow from $1,325/mo rent. Total monthly income equals $1,325/mo, and annual cash flow records $4,235/yr on $52,046 to close. Return on cash invested measures 28.05% and rental yield reads 10.13% at the current $157,000. Equity gained on principal adds $1,013/yr, and 5% annual appreciation supports $43,376 by year five. Five-year ROI prints 146.45% and total cumulative return in cash totals $76,220.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,325/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in N/A
4,647 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
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