1119 Mitchell 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 1119 Mitchell St, Lake Charles, LA, 70607 listed at $191,950 pairs $1,643/mo rent with a $940/mo payment to leave $454/mo cash flow. Total monthly income runs $1,643/mo, and annual cash flow reaches $5,454/yr on $63,631 cash to close. Return on cash invested measures 28.48% in year one, and rental yield registers 10.27% at a $191,950 basis. Equity gained on principal adds $1,239/yr, and annual property appreciation at 5% supports $53,032 by year five. Five-year ROI tracks 148.85% and total cumulative return in cash totals $94,717. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,643/mo property income relative to a $940/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
8,276 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: Marta Benjamin • Bricks & Mortar- Real Estate
Mls Name: Greater Southern MLS
Mls ID: #SWL24006772