3500 E Simcoe St APT 23LafayetteLA70501
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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
Investment property for sale in Lafayette at 3500 E Simcoe St APT 23, Lafayette, LA, 70501 offers a 9.63% rental yield on a $124,000 purchase with $995/mo rent. 15% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,259 over five years. Portfolio math shows five-year ROI at 101.6% and total cumulative return in cash at $41,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $995/mo property income against a $607/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
$220 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Clare Hensarling • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #24010549
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