310 Elmwood Dr,Lafayette,LA,70503

Investment Highlights

Rental property for sale in Lafayette at 310 Elmwood Dr, Lafayette, LA, 70503 generates $2,190/mo in rent and, after a $1,664/mo payment, leaves $84/mo in cash flow. Total monthly income is $2,190/mo, and annual cash flow is $1,008/yr on $112,710 invested. Return on cash invested sits at 20.8% in year one, and rental yield is 7.73% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 107.63% and total cumulative return in cash sums $121,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,190/mo property income rather than buyer’s personal income.