203 Richland Ave, Lafayette, LA, 70508 | $64/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lafayette at 203 Richland Ave, Lafayette, LA, 70508 with 5% annual appreciation on a $421,100 basis while $3,036/mo rent supports operations. Total monthly income totals $3,036/mo and a $2,061/mo payment preserves $64/mo for cash returns. Annual cash flow comes to $767/yr on $139,595 deployed, and return on cash invested reaches 20.46% in year one. Equity gained on principal adds $2,717/yr, and five-year appreciation sums $116,342 alongside rental yield of 8.65%. Five-year ROI measures 106.92% and total cumulative return in cash totals $149,248.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,036/mo property income versus a $2,061/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2000

5,144 sqft lot

$N/A/sqft

$191 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