Episode #60 - Deal of the week - Lafayette, LA

TL;DR

This podcast episode discusses the analysis of a property for sale in Lafayette, Louisiana, which has already been renovated on the inside but still needs improvements on the outside.

Transcript

hello everyone my name is Seth welcome to the podcast I'm gonna do the whole episode in a strange voice let's do it deal deal of the week Andrew brings a deal of a week I'm here - I am here - with all the lawsuits ball hello hello an Andrew Striegel hello Andy Andy a couple of people - it's not my favorite Indian High School Andrew is very formal i... Read More

Key Insights

• 👯 Lafayette, Louisiana is the fourth largest city in the state, with a population of about 120,000 people.
• 🎓 The property in Lafayette consists of 124 units and is located in the college zone.
• 👪 The average rent for the units in Lafayette is around $670, with market rent at $689.
• 🪡 While the inside of the units has been recently renovated, the exterior of the property still needs improvements.
• ❓ The asking price for the property is around $6 million, but the suggested purchasing price is around $4.6 million.

Questions & Answers

Q: What are the demographics and population of Lafayette, Louisiana?

Lafayette is the fourth largest city in Louisiana, with a population of about 120,000 people. The metro population is around 490,000.

Q: How many units does the property in Lafayette have?

The property in Lafayette has a total of 124 units.

Q: What is the average rent for the units in Lafayette?

The average rent for the units in Lafayette is around $670, with market rent at $689.

Q: What are the renovation needs for the property in Lafayette?

While the inside of the units has been renovated, the exterior of the property still needs improvements.

Summary & Key Takeaways

• The property is located in Lafayette, Louisiana, which is the fourth largest city in the state. It consists of 124 units and is situated in the college zone.

• The units range from one to three bedrooms, with rents averaging around $670. Market rent is around $689.

• While the inside of the property has been recently renovated, the exterior is in need of improvements.