403 S Buchanan St #8LafayetteLA70501
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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 403 S Buchanan St #8, Lafayette, LA, 70501 generates $1,264/mo in rent, after a $974/mo payment. Total monthly income is $1,264/mo. Return on cash invested sits at 11.61% in year one, and rental yield is 7.62% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 61.55% and total cumulative return in cash sums $40,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,264/mo property income rather than buyer’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$404 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Jammie Parbhoo • Latter & Blum Compass
Mls Name: RAA
Mls Provider:
Mls ID: #2020023225
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 2025-05-06 12:12:16 PDT