208 Redfern StLafayetteLA70508
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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 208 Redfern St, Lafayette, LA, 70508 uses $127,628 cash to close to unlock $5,430/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $2,837/mo, and a $1,884/mo payment keeps the spread at $453/mo. Purchase price stands at $385,000, and rental yield measures 8.84% with $2,837/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 125.67% and total cumulative return in cash records $160,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,837/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 2021
7,840 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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