602 Greyford Dr, Lafayette, LA, 70503 | 2.44% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lafayette at 602 Greyford Dr, Lafayette, LA, 70503 priced at $923,000 converts $1,880/mo rent into after a $4,518/mo obligation. Total monthly income equals $1,880/mo. Return on cash invested prints 4.89% in year one, and rental yield reads 2.44% against a $923,000 entry. Equity gained on principal adds $5,956/yr, while 5% annual appreciation compiles into $255,008 by year five. Five-year ROI reaches 22.31% and total cumulative return in cash sums $67,737. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,880/mo property income covering a $4,518/mo payment, not borrower’s personal income.

Single Family

Built in 2023

0.52 Acres lot

$N/A/sqft

No HOA