204 Hallmark AveLafayetteLA70508
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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 204 Hallmark Ave, Lafayette, LA, 70508 offers $2,352/mo rent that, after a $1,552/mo payment, leaves $388/mo cash flow. Total monthly income is $2,352/mo, and annual cash flow is $4,655/yr on $105,086 cash. Return on cash invested measures 24.34% in year one, and rental yield stands at 8.9% at a $317,000 entry. Equity gained on principal adds $2,046/yr while 5% annual appreciation compounds into $87,581 by year five. Five-year ROI records 126.6% and total cumulative return in cash reaches $133,041. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,352/mo property income versus a $1,552/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3,920 sqft lot
$N/A/sqft
No 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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