215 Lyons StLafayetteLA70506
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 215 Lyons St, Lafayette, LA, 70506 in Lafayette deserves attention. This $214,799 property earns $2,034/mo in rent, a 11.36% gross yield, and nets $674/mo after the $966/mo payment. DSCR 2.11 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $59,345 compounds alongside $1,978/yr in yearly equity build, for a total cumulative return of $124,978.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 5.2% |
| Monthly Cash Flow | $674 | $1,850 |
City averages based on Lafayette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,034 |
| Total Monthly Debt Service | $1,274 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70506, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,115 (100%) |
| Owner Occupied HU | 9,649 (45.7%) |
| Renter Occupied HU | 9,076 (43.0%) |
| Vacant Housing Units | 2,390 (11.3%) |
| Median Home Value | $245,556 |
| Average Home Value | $281,646 |
Housing Distribution
Address Breakdown
Residential
19,861
Single Family
14,582
Multi-Family
5,279
Businesses
1,547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1977
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70506, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,115 (100%) |
| Owner Occupied HU | 9,649 (45.7%) |
| Renter Occupied HU | 9,076 (43.0%) |
| Vacant Housing Units | 2,390 (11.3%) |
| Median Home Value | $245,556 |
| Average Home Value | $281,646 |
Housing Distribution
Address Breakdown
Residential
19,861
Single Family
14,582
Multi-Family
5,279
Businesses
1,547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marlin Glenn • Goodwood Realty
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024018364
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 ROAM MLS.