3121 Johnston St APT 236,Lafayette,LA,70503

Investment Highlights

Investment property for sale in Lafayette at 3121 Johnston St APT 236, Lafayette, LA, 70503 listed at $129,000 pairs $1,006/mo rent with a $631/mo payment to leave $207/mo cash flow. Total monthly income runs $1,006/mo, and annual cash flow reaches $2,488/yr on $42,764 cash to close. Return on cash invested measures 25.73% in year one, and rental yield registers 9.36% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 134.11% and total cumulative return in cash totals $57,349. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,006/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).