1016 Cherryhill StLake CharlesLA70607
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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
Investment property for sale in Lake Charles at 1016 Cherryhill St, Lake Charles, LA, 70607 with 5% annual appreciation on a $211,000 basis while $1,708/mo rent supports operations. Total monthly income totals $1,708/mo and a $1,033/mo payment preserves $401/mo for cash returns. Annual cash flow comes to $4,808/yr on $69,947 deployed, and return on cash invested reaches 26.78% in year one. Equity gained on principal adds $1,362/yr, and five-year appreciation sums $58,295 alongside rental yield of 9.71%. Five-year ROI measures 139.74% and total cumulative return in cash totals $97,745.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,708/mo property income versus a $1,033/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70607, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,715 (100%) |
| Owner Occupied HU | 7,343 (49.9%) |
| Renter Occupied HU | 5,394 (36.7%) |
| Vacant Housing Units | 1,978 (13.4%) |
| Median Home Value | $221,040 |
| Average Home Value | $240,880 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
10,207
Multi-Family
3,120
Businesses
532
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Listed by: IVAN RUIZ • Keller Williams Realty Lake Ch
Mls Name: SWLAR
Mls ID: #SWL25101506