1123 Chariot DrLake charlesLA70611
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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 1123 Chariot Dr, Lake charles, LA, 70611 with 5% annual appreciation on a $289,900 basis while $2,447/mo rent supports operations. Total monthly income totals $2,447/mo and a $1,419/mo payment preserves $651/mo for cash returns. Annual cash flow comes to $7,814/yr on $96,102 deployed, and return on cash invested reaches 28.04% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,094 alongside rental yield of 10.13%. Five-year ROI measures 146.49% and total cumulative return in cash totals $140,781.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,447/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70611, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,082 (100%) |
| Owner Occupied HU | 6,977 (76.8%) |
| Renter Occupied HU | 1,359 (15.0%) |
| Vacant Housing Units | 746 ( 8.2%) |
| Median Home Value | $292,534 |
| Average Home Value | $325,683 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,624
Multi-Family
253
Businesses
308
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Listed by: Kevin Wold • WOLD REAL ESTATE
Mls Name: Greater Southern MLS
Mls ID: #SWL25001674
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.