1129 Park RdLake 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
Rental property for sale in Lake charles at 1129 Park Rd, Lake charles, LA, 70611 generates $1,259/mo in rent and, after a $881/mo payment, leaves $144/mo in cash flow. Total monthly income is $1,259/mo, and annual cash flow is $1,728/yr on $59,670 invested. Return on cash invested sits at 22.8% in year one, and rental yield is 8.39% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 118.38% and total cumulative return in cash sums $70,637. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,259/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.59 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: Roxanne Corbello • Re/max One
Mls Name: Greater Fort Polk Area Realtors
Mls Provider:
Mls ID: #45-548
Disclaimer: Copyright Greater Fort Polk Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.