513 Lodge DrLafayetteLA70506
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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 513 Lodge Dr, Lafayette, LA, 70506 uses $63,317 cash to close to unlock $9,764/yr annual cash flow and $814/mo monthly cash flow. Total monthly income runs $1,997/mo, and a $935/mo payment keeps the spread at $814/mo. Purchase price stands at $191,000, and rental yield measures 12.55% with $1,997/mo rent. Return on cash invested shows 35.33% in year one, and 5% annual appreciation builds toward $52,770 over five years. Five-year ROI reaches 185.57% and total cumulative return in cash records $117,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,997/mo property income covering a $935/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70506, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,115 (100%) |
| Owner Occupied HU | 9,649 (45.7%) |
| Renter Occupied HU | 9,076 (43.0%) |
| Vacant Housing Units | 2,390 (11.3%) |
| Median Home Value | $245,556 |
| Average Home Value | $281,646 |
Housing Distribution
Address Breakdown
Residential
19,861
Single Family
14,582
Multi-Family
5,279
Businesses
1,547
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