1024 Guatemala StLake CharlesLA70605
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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
Rental property for sale in Lake Charles at 1024 Guatemala St, Lake Charles, LA, 70605 offers $1,537/mo rent that, after a $1,069/mo payment, leaves $184/mo cash flow. Total monthly income is $1,537/mo, and annual cash flow is $2,207/yr on $72,433 cash. Return on cash invested measures 22.96% in year one, and rental yield stands at 8.44% at a $218,500 entry. Equity gained on principal adds $1,410/yr while 5% annual appreciation compounds into $60,368 by year five. Five-year ROI records 119.18% and total cumulative return in cash reaches $86,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,537/mo property income versus a $1,069/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.36 Acres 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
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Listed by: Sharel Hebert • CENTURY 21 Bessette Flavin
Mls Name: Greater Southern MLS
Mls ID: #SWL25002754
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.