1502 Downing RdLake 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 1502 Downing Rd, Lake Charles, LA, 70611 uses $81,602 cash to close to unlock $1,926/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,713/mo, and a $1,205/mo payment keeps the spread at $161/mo. Purchase price stands at $246,160, and rental yield measures 8.35% with $1,713/mo rent. Return on cash invested shows 22.27% in year one, and 5% annual appreciation builds toward $68,009 over five years. Five-year ROI reaches 115.68% and total cumulative return in cash records $94,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,713/mo property income covering a $1,205/mo payment rather than investor’s personal income.
Single Family
Built in 2024
7,801 sqft lot
$N/A/sqft
$330 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: Saun Sullivan • Cicero Realty, LLC
Mls Name: Greater Southern MLS
Mls ID: #SWL24002870