707 Saint Patrick StLafayetteLA70506
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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 707 Saint Patrick St, Lafayette, LA, 70506 at $200,000 posts ROI 21.77% with $103/mo cash flow from $1,342/mo rent. Total monthly income equals $1,342/mo, and annual cash flow records $1,236/yr on $66,300 to close. Return on cash invested measures 21.77% and rental yield reads 8.05% at the current $200,000. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 by year five. Five-year ROI prints 112.84% and total cumulative return in cash totals $74,816.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,342/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1860
10,454 sqft 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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