Investing in Lafayette County
Lafayette County covers 3 rental markets we actively finance in Louisiana — Broussard, Lafayette, Youngsville. Across those markets the median investment basis averages $285,000, a long-term lease averages $1,642/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,977. That produces a county-wide average DSCR ratio near 0.84x.
Basis varies more inside Lafayette County than the average suggests. Lafayette is the lowest entry point at roughly $250,000, while Lafayette currently models the strongest coverage ratio in the county at 0.94x. When two towns in the same county ratio differently, it is almost always the rent-to-price relationship rather than the rate — the same loan pricing applies county-wide, so the deal is won on which submarket you buy in.