909 Richland AveLafayetteLA70508
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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
Investment property for sale in Lafayette at 909 Richland Ave, Lafayette, LA, 70508 offers a 2.86% rental yield on a $1,399,900 purchase with $3,338/mo rent. 96% in year one. Equity gained on principal adds $9,033/yr while 5% annual appreciation supports $386,767 over five years. Portfolio math shows five-year ROI at 23.07% and total cumulative return in cash at $104,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,338/mo property income against a $6,852/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
$572 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70508, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,424 (100%) |
| Owner Occupied HU | 12,199 (56.9%) |
| Renter Occupied HU | 6,462 (30.2%) |
| Vacant Housing Units | 2,763 (12.9%) |
| Median Home Value | $314,945 |
| Average Home Value | $394,583 |
Housing Distribution
Address Breakdown
Residential
19,734
Single Family
14,377
Multi-Family
5,357
Businesses
2,533
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Nearby investment properties with comparable prices
Listed by: Jamie Knight • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #2020022959
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 2025-04-21 12:12:19 PDT