213 Miller St, Lafayette, LA, 70503 | 6.5% Rental Yield

For Sale

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

Rental property for sale in Lafayette at 213 Miller St, Lafayette, LA, 70503 offers $2,531/mo rent that, after a $2,288/mo payment. Total monthly income is $2,531/mo. Return on cash invested measures 17.08% in year one, and rental yield stands at 6.5% at a $467,500 entry. Equity gained on principal adds $3,017/yr while 5% annual appreciation compounds into $129,162 by year five. Five-year ROI records 87.72% and total cumulative return in cash reaches $135,940. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,531/mo property income versus a $2,288/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1969

0.44 Acres lot

$N/A/sqft

No HOA