245 Ivory St, Lafayette, LA, 70506 | $569/mo Cash Flow

Off market

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

Investment property for sale in Lafayette at 245 Ivory St, Lafayette, LA, 70506 offers a 10.4% rental yield on a $252,900 purchase with $2,191/mo rent. Total monthly income registers $2,191/mo, and a $1,238/mo payment leaves $569/mo available for distribution. Annual cash flow reaches $6,823/yr on $83,836 to close, and return on cash invested stands at 28.05% in year one. Equity gained on principal adds $1,632/yr while 5% annual appreciation supports $69,872 over five years. Portfolio math shows five-year ROI at 146.8% and total cumulative return in cash at $123,068. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,191/mo property income against a $1,238/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2009

7,405 sqft lot

$N/A/sqft

No 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