122 Bank StLake CharlesLA70607
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Nearby investment properties with comparable prices
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 122 Bank St, Lake Charles, LA, 70607 offers $1,951/mo rent that, after a $1,346/mo payment, leaves $248/mo cash flow. Total monthly income is $1,951/mo, and annual cash flow is $2,970/yr on $91,163 cash. Return on cash invested measures 23.17% in year one, and rental yield stands at 8.51% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 120.34% and total cumulative return in cash reaches $109,703. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,951/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
5,662 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: Caleb Chiasson • Real Broker, LLC
Mls Name: SWLAR
Mls ID: #SWL26000220