220 Doucet Rd APT 224LafayetteLA70503
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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 224, Lafayette, LA, 70503 listed at $159,000 pairs $1,351/mo rent with a $778/mo payment to leave $63/mo cash flow. Total monthly income runs $1,351/mo, and annual cash flow reaches $760/yr on $52,709 cash to close. Return on cash invested measures 21.35% in year one, and rental yield registers 10.2% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 113.13% and total cumulative return in cash totals $59,628. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,351/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
$303 monthly HOA
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Listed by: Eliana Ashkar • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #25000338
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