1476 Hickory Ridge DrLake charlesLA70611
Nearby investment properties with comparable rents
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
Investment property for sale in Lake charles at 1476 Hickory Ridge Dr, Lake charles, LA, 70611 listed at $749,500 pairs $4,477/mo rent with a $3,668/mo payment. Total monthly income runs $4,477/mo. Return on cash invested measures 19.16% in year one, and rental yield registers 7.17% at a $749,500 basis. Equity gained on principal adds $4,836/yr, and annual property appreciation at 5% supports $207,073 by year five. Five-year ROI tracks 98.85% and total cumulative return in cash totals $243,749. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,477/mo property income relative to a $3,668/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
1.32 Acres lot
$N/A/sqft
$225 annually 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: Lydia Holland • RE/MAX ONE
Mls Name: Greater Southern MLS
Mls ID: #SWL25000264