101 Overhill DrLake CharlesLA70605
Nearby investment properties with comparable rents
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
Rental property for sale in Lake Charles at 101 Overhill Dr, Lake Charles, LA, 70605 generates $2,071/mo in rent and, after a $1,385/mo payment, leaves $318/mo in cash flow. Total monthly income is $2,071/mo, and annual cash flow is $3,817/yr on $93,815 invested. Return on cash invested sits at 23.98% in year one, and rental yield is 8.78% on a $283,000 entry. Equity gained on principal adds $1,826/yr, while 5% annual appreciation builds toward $78,188 over five years. Five-year ROI reaches 124.72% and total cumulative return in cash sums $117,003. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,071/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
6,764 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70605, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 11,196 (59.7%) |
| Renter Occupied HU | 5,823 (31.1%) |
| Vacant Housing Units | 1,722 ( 9.2%) |
| Median Home Value | $320,067 |
| Average Home Value | $394,663 |
Housing Distribution
Address Breakdown
Residential
17,180
Single Family
14,078
Multi-Family
3,102
Businesses
927
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TASSIE FONSECA • Lamplighter Realty, LLC
Mls Name: Greater Southern MLS
Mls ID: #SWL25000365