1624 N Michael SqLake 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 1624 N Michael Sq, Lake charles, LA, 70611 earns $484/mo cash flow from $2,144/mo rent with a $1,312/mo payment. Total monthly income totals $2,144/mo, and annual cash flow totals $5,803/yr on $88,842 capital. ROI tracks 26.44% on current figures, and rental yield reads 9.6% at a $268,000 purchase. Equity gained on principal adds $1,729/yr, and 5% annual appreciation supports $74,043 over five years. Five-year ROI reaches 137.89% and total cumulative return in cash sums $122,505. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,144/mo property income instead of your personal income.
Single Family
Built in N/A
0.41 Acres lot
$N/A/sqft
No 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: Monica Eddy • Andries Migues Realty, LLC
Mls Name: RAA
Mls ID: #2500002395