1550 Lacadie Dr #11Lake CharlesLA70605
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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 1550 Lacadie Dr #11, Lake Charles, LA, 70605 uses $91,991 cash to close to unlock $4,743/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $2,114/mo, and a $1,358/mo payment keeps the spread at $395/mo. Purchase price stands at $277,500, and rental yield measures 9.14% with $2,114/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $76,668 over five years. Five-year ROI reaches 130.54% and total cumulative return in cash records $120,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,114/mo property income covering a $1,358/mo payment rather than investor’s personal income.
Single Family
Built in 2014
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70605, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 11,196 (59.7%) |
| Renter Occupied HU | 5,823 (31.1%) |
| Vacant Housing Units | 1,722 ( 9.2%) |
| Median Home Value | $320,067 |
| Average Home Value | $394,663 |
Housing Distribution
Address Breakdown
Residential
17,180
Single Family
14,078
Multi-Family
3,102
Businesses
927
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Listed by: MADISON Menard • RE/MAX ONE
Mls Name: Greater Southern MLS
Mls ID: #SWL24004738