221 Watermark Dr, Lafayette, LA, 70501 | 5.67% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lafayette at 221 Watermark Dr, Lafayette, LA, 70501 generates $940/mo in rent, after a $974/mo payment. Total monthly income is $940/mo. Return on cash invested sits at 14.58% in year one, and rental yield is 5.67% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 74.35% and total cumulative return in cash sums $49,050. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $940/mo property income rather than buyer’s personal income.

Manufactured

Built in 2021

0.29 Acres lot

$N/A/sqft

No HOA