1323 E Ford StLake CharlesLA70601
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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 1323 E Ford St, Lake Charles, LA, 70601 with 5% annual appreciation on a $155,000 basis while $1,214/mo rent supports operations. Total monthly income totals $1,214/mo and a $759/mo payment preserves $254/mo for cash returns. Annual cash flow comes to $3,042/yr on $51,383 deployed, and return on cash invested reaches 25.83% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,824 alongside rental yield of 9.4%. Five-year ROI measures 134.62% and total cumulative return in cash totals $69,172.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,214/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1923
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70601, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,418 (100%) |
| Owner Occupied HU | 7,352 (44.8%) |
| Renter Occupied HU | 6,909 (42.1%) |
| Vacant Housing Units | 2,157 (13.1%) |
| Median Home Value | $191,938 |
| Average Home Value | $292,149 |
Housing Distribution
Address Breakdown
Residential
13,724
Single Family
12,609
Multi-Family
1,115
Businesses
2,035
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Listed by: Chelsea Armentor • RE/MAX ONE
Mls Name: Greater Southern MLS
Mls ID: #SWL23004689