405 Cobblestone RdLafayetteLA70508
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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 405 Cobblestone Rd, Lafayette, LA, 70508 priced at $375,000 converts $2,958/mo rent into $636/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,958/mo, and annual cash flow totals $7,626/yr on $124,313 invested. Return on cash invested prints 26.04% in year one, and rental yield reads 9.47% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 135.76% and total cumulative return in cash sums $168,771. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,958/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4,356 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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