308 Upland DrLafayetteLA70506
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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 308 Upland Dr, Lafayette, LA, 70506 at $270,000 posts ROI 31.94% with $897/mo cash flow from $2,609/mo rent. Total monthly income equals $2,609/mo, and annual cash flow records $10,765/yr on $89,505 to close. Return on cash invested measures 31.94% and rental yield reads 11.6% at the current $270,000. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 by year five. Five-year ROI prints 167.59% and total cumulative return in cash totals $150,001.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,609/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
10,197 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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Listed by: Nah Senpeng • Keller Williams Realty Acadiana
Mls Name: RAA
Mls Provider:
Mls ID: #24006586
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