307 Grassland Ave, Lafayette, LA, 70508 | $239/mo Cash Flow

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

Investment property for sale in Lafayette at 307 Grassland Ave, Lafayette, LA, 70508 with 5% annual appreciation on a $289,000 basis while $2,030/mo rent supports operations. Total monthly income totals $2,030/mo and a $1,415/mo payment preserves $239/mo for cash returns. Annual cash flow comes to $2,872/yr on $95,804 deployed, and return on cash invested reaches 22.91% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 8.43%. Five-year ROI measures 118.96% and total cumulative return in cash totals $113,966.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,030/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2015

6,534 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70508, Lafayette, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,424 (100%)
Owner Occupied HU	12,199 (56.9%)
Renter Occupied HU	6,462 (30.2%)
Vacant Housing Units	2,763 (12.9%)
Median Home Value	$314,945
Average Home Value	$394,583