220 Doucet Rd APT 209BLafayetteLA70503
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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 220 Doucet Rd APT 209B, Lafayette, LA, 70503 offers a 10.91% rental yield on a $124,500 purchase with $1,132/mo rent. Total monthly income registers $1,132/mo, and a $609/mo payment leaves $47/mo available for distribution. Annual cash flow reaches $568/yr on $41,272 to close, and return on cash invested stands at 21.29% in year one. Equity gained on principal adds $803/yr while 5% annual appreciation supports $34,397 over five years. Portfolio math shows five-year ROI at 113.64% and total cumulative return in cash at $46,900. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,132/mo property income against a $609/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
$300 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Madison Lavergne • NextHome Cutting Edge Realty
Mls Name: RAA
Mls Provider:
Mls ID: #24011474
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' 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 deemed reliable, but not guaranteed accurate. Data last updated 2024-02-12 10:51:22 PST