144 W Harbor DrLake CharlesLA70607
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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 144 W Harbor Dr, Lake Charles, LA, 70607 generates $2,477/mo in rent, after a $2,863/mo payment. Total monthly income is $2,477/mo. Return on cash invested sits at 12.91% in year one, and rental yield is 5.08% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 65.3% and total cumulative return in cash sums $125,670. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,477/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
8,820 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: Gail Byrley • Gloria Bumpus Real Estate, Inc
Mls Name: Greater Southern MLS
Mls ID: #SWL24006946