339 Worth AveLafayetteLA70508
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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
Rental property for sale in Lafayette at 339 Worth Ave, Lafayette, LA, 70508 priced at $925,000 pairs $4,662/mo rent with after a $4,527/mo payment. Total monthly income equals $4,662/mo. Return on cash invested is 14.93% in year one, and rental yield stands at 6.05% on a $925,000 basis. Equity gained on principal adds $5,969/yr, and 5% annual appreciation accumulates to $255,560 by year five. Five-year ROI measures 76.42% and total cumulative return in cash reaches $232,573. For financing, Ziffy Mortgage’s DSCR program evaluates $4,662/mo property income against a $4,527/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
7,200 sqft lot
$N/A/sqft
$292 quarterly 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 |
Housing Distribution
Address Breakdown
Residential
19,734
Single Family
14,377
Multi-Family
5,357
Businesses
2,533
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Listed by: Emily Babineaux • Keaty Real Estate Team
Mls Name: RAA
Mls Provider:
Mls ID: #24009723
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