515 Brothers RdLafayetteLA70507
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 515 Brothers Rd, Lafayette, LA, 70507 earns from $2,808/mo rent with a $3,396/mo payment. Total monthly income totals $2,808/mo. ROI tracks 11.81% on current figures, and rental yield reads 4.86% at a $693,750 purchase. Equity gained on principal adds $4,477/yr, and 5% annual appreciation supports $191,670 over five years. Five-year ROI reaches 59.53% and total cumulative return in cash sums $135,873. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,808/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
$960 annually 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 |
Housing Distribution
Address Breakdown
Residential
8,226
Single Family
7,213
Multi-Family
1,013
Businesses
481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Van Eaton • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #24000396
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