1534 N Iowa StLake CharlesLA70601
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 1534 N Iowa St, Lake Charles, LA, 70601 uses $41,438 cash to close to unlock $2,106/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $950/mo, and a $612/mo payment keeps the spread at $176/mo. Purchase price stands at $125,000, and rental yield measures 9.12% with $950/mo rent. Return on cash invested shows 24.99% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 130.15% and total cumulative return in cash records $53,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $950/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1985
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ari Stine • The Real Estate Brokerage
Mls Name: SWLAR
Mls ID: #SWL25100781