1400 Evonne StLake 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 1400 Evonne St, Lake Charles, LA, 70611 listed at $228,500 pairs $2,034/mo rent with a $1,118/mo payment to leave $619/mo cash flow. Total monthly income runs $2,034/mo, and annual cash flow reaches $7,427/yr on $75,748 cash to close. Return on cash invested measures 29.71% in year one, and rental yield registers 10.68% at a $228,500 basis. Equity gained on principal adds $1,474/yr, and annual property appreciation at 5% supports $63,130 by year five. Five-year ROI tracks 155.42% and total cumulative return in cash totals $117,724. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,034/mo property income relative to a $1,118/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.32 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: Crystal Miller • Coldwell Banker Ingle Safari R
Mls Name: Greater Southern MLS
Mls ID: #SWL25001638
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