306 Calder StLafayetteLA70506
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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 306 Calder St, Lafayette, LA, 70506 with 5% annual appreciation on a $248,000 basis while $2,034/mo rent supports operations. Total monthly income totals $2,034/mo and a $1,214/mo payment preserves $498/mo for cash returns. Annual cash flow comes to $5,971/yr on $82,212 deployed, and return on cash invested reaches 27.17% in year one. Equity gained on principal adds $1,600/yr, and five-year appreciation sums $68,518 alongside rental yield of 9.84%. Five-year ROI measures 141.81% and total cumulative return in cash totals $116,586.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,034/mo property income versus a $1,214/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in N/A
6,969 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 |
Housing Distribution
Address Breakdown
Residential
19,861
Single Family
14,582
Multi-Family
5,279
Businesses
1,547
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