518 Evangeline Dr, Lafayette, LA, 70501 | 5.98% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1103 sft

208 N Cunningham St, Rayne, LA, 70578

3 Bed
2 Bath
2005 sft

295 Valerie Dr, Crowley, LA, 70526

3 Bed
3 Bath
2063 sft

111 Weeks Dr, Youngsville, LA, 70592

3 Bed
2 Bath
1109 sft

717 S Sterling St, Lafayette, LA, 70501

Nearby investment properties with comparable prices

3 Bed
2 Bath
1451 sft

218 Naval St, Lafayette, LA, 70507

3 Bed
2 Bath
1445 sft

326 Herlil Cir, Carencro, LA, 70520

3 Bed
2 Bath
1495 sft

Ravello IV A Plan, Harvest Creek, Scott, LA, 70583

3 Bed
2 Bath
1495 sft

Ravello IV A Plan, Harvest Creek, Scott, LA, 70583

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Lafayette at 518 Evangeline Dr, Lafayette, LA, 70501 priced at $264,900 pairs $1,320/mo rent with after a $1,297/mo payment. Total monthly income equals $1,320/mo. Return on cash invested is 15.52% in year one, and rental yield stands at 5.98% on a $264,900 basis. Equity gained on principal adds $1,709/yr, and 5% annual appreciation accumulates to $73,187 by year five. Five-year ROI measures 79.32% and total cumulative return in cash reaches $69,656. For financing, Ziffy Mortgage’s DSCR program evaluates $1,320/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in N/A

6,098 sqft lot

$N/A/sqft

No HOA