220 Steiner RdLafayetteLA70508
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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 Steiner Rd, Lafayette, LA, 70508 listed at $732,700 pairs $4,530/mo rent with a $3,586/mo payment. Total monthly income runs $4,530/mo. Return on cash invested measures 18.85% in year one, and rental yield registers 7.42% at a $732,700 basis. Equity gained on principal adds $4,728/yr, and annual property appreciation at 5% supports $202,432 by year five. Five-year ROI tracks 97.55% and total cumulative return in cash totals $235,162. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,530/mo property income relative to a $3,586/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2017
0.39 Acres lot
$N/A/sqft
$29 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70508, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,424 (100%) |
| Owner Occupied HU | 12,199 (56.9%) |
| Renter Occupied HU | 6,462 (30.2%) |
| Vacant Housing Units | 2,763 (12.9%) |
| Median Home Value | $314,945 |
| Average Home Value | $394,583 |
Housing Distribution
Address Breakdown
Residential
19,734
Single Family
14,377
Multi-Family
5,357
Businesses
2,533
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