304 Carmel DrLafayetteLA70501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 304 Carmel Dr, Lafayette, LA, 70501 earns from $1,008/mo rent with a $1,860/mo payment. Total monthly income totals $1,008/mo. ROI tracks 7.09% on current figures, and rental yield reads 3.18% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 34.08% and total cumulative return in cash sums $42,937. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,008/mo property income instead of your personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Arceneaux • The Gleason Group
Mls Name: RAA
Mls Provider:
Mls ID: #24009137
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 2025-04-14 12:12:18 PDT