214 Elmwood Dr,Lafayette,LA,70503

Investment Highlights

Investment property for sale in Lafayette at 214 Elmwood Dr, Lafayette, LA, 70503 offers a 9.41% rental yield on a $179,000 purchase with $1,404/mo rent. Total monthly income registers $1,404/mo, and a $876/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,544/yr on $59,339 to close, and return on cash invested stands at 25.88% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 134.93% and total cumulative return in cash at $80,067. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,404/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.