511 Evangeline DrLafayetteLA70501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 511 Evangeline Dr, Lafayette, LA, 70501 offers a 9.1% rental yield on a $169,900 purchase with $1,288/mo rent. Total monthly income registers $1,288/mo, and a $832/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,434/yr on $56,322 to close, and return on cash invested stands at 24.23% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 126.28% and total cumulative return in cash at $71,126. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,288/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,250 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Knight • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24011429
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