404 Summer Morning CtLafayetteLA70508
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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 404 Summer Morning Ct, Lafayette, LA, 70508 offers a 7.68% rental yield on a $570,570 purchase with $3,652/mo rent. Total monthly income registers $3,652/mo, and a $2,793/mo payment leaves $117/mo available for distribution. Annual cash flow reaches $1,407/yr on $187,718 to close, and return on cash invested stands at 20.81% in year one. Equity gained on principal adds $3,682/yr while 5% annual appreciation supports $157,638 over five years. Portfolio math shows five-year ROI at 107.66% and total cumulative return in cash at $202,104. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,652/mo property income against a $2,793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,454 sqft lot
$N/A/sqft
No 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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