709 E Lafayette StAbbevilleLA70510
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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
Rental property for sale in Abbeville at 709 E Lafayette St, Abbeville, LA, 70510 priced at $150,000 converts $1,397/mo rent into $468/mo cash flow after a $734/mo obligation. Total monthly income equals $1,397/mo, and annual cash flow totals $5,616/yr on $49,725 invested. Return on cash invested prints 31.2% in year one, and rental yield reads 11.18% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 163.41% and total cumulative return in cash sums $81,258. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,397/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70510, Abbeville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,984 (100%) |
| Owner Occupied HU | 6,473 (58.9%) |
| Renter Occupied HU | 2,914 (26.5%) |
| Vacant Housing Units | 1,597 (14.5%) |
| Median Home Value | $181,574 |
| Average Home Value | $203,856 |
Housing Distribution
Address Breakdown
Residential
10,384
Single Family
9,955
Multi-Family
429
Businesses
752
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