602 Berlin StLafayetteLA70506
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
Rental property for sale in Lafayette at 602 Berlin St, Lafayette, LA, 70506 priced at $155,000 pairs $1,609/mo rent with $520/mo cash flow after a $759/mo payment. Total monthly income equals $1,609/mo, and annual cash flow comes to $6,239/yr on $51,383 invested. Return on cash invested is 32.05% in year one, and rental yield stands at 12.46% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 169.05% and total cumulative return in cash reaches $86,860. For financing, Ziffy Mortgage’s DSCR program evaluates $1,609/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
5,662 sqft lot
$N/A/sqft
$125 monthly 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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Listed by: Eloise Gauthier • Gauthier Real Estate, Inc.
Mls Name: RAA
Mls Provider:
Mls ID: #2500002138
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 2025-08-09 11:27:03 PDT