407 Elwick Dr, Lafayette, LA, 70507 | $745/mo Cash Flow

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lafayette at 407 Elwick Dr, Lafayette, LA, 70507 offers $1,984/mo rent that, after a $979/mo payment, leaves $745/mo cash flow. Total monthly income is $1,984/mo, and annual cash flow is $8,940/yr on $66,300 cash. Return on cash invested measures 33.39% in year one, and rental yield stands at 11.9% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 175.14% and total cumulative return in cash reaches $116,120. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,984/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2017

6,098 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70507, Lafayette, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,704 (100%)
Owner Occupied HU	5,364 (61.6%)
Renter Occupied HU	2,357 (27.1%)
Vacant Housing Units	983 (11.3%)
Median Home Value	$222,659
Average Home Value	$265,455