231 Berchman Oaks DrLafayetteLA70506
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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 231 Berchman Oaks Dr, Lafayette, LA, 70506 with 5% annual appreciation on a $246,500 basis while $1,837/mo rent supports operations. Total monthly income totals $1,837/mo and a $1,206/mo payment preserves $288/mo for cash returns. Annual cash flow comes to $3,452/yr on $81,715 deployed, and return on cash invested reaches 24.13% in year one. Equity gained on principal adds $1,591/yr, and five-year appreciation sums $68,103 alongside rental yield of 8.94%. Five-year ROI measures 125.64% and total cumulative return in cash totals $102,663.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,837/mo property income versus a $1,206/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
4,800 sqft lot
$N/A/sqft
$275 annually 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
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Listed by: Brandon Landry • EXP Realty, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24002249
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