1739 Park Place DrLake CharlesLA70607
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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
Rental property for sale in Lake Charles at 1739 Park Place Dr, Lake Charles, LA, 70607 priced at $235,000 pairs $1,991/mo rent with $417/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,991/mo, and annual cash flow comes to $5,007/yr on $77,903 invested. Return on cash invested is 26.34% in year one, and rental yield stands at 10.17% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 138.02% and total cumulative return in cash reaches $107,524. For financing, Ziffy Mortgage’s DSCR program evaluates $1,991/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
10,454 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70607, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,715 (100%) |
| Owner Occupied HU | 7,343 (49.9%) |
| Renter Occupied HU | 5,394 (36.7%) |
| Vacant Housing Units | 1,978 (13.4%) |
| Median Home Value | $221,040 |
| Average Home Value | $240,880 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
10,207
Multi-Family
3,120
Businesses
532
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Listed by: KATY RADFORD • Latter & Blum Compass-LC
Mls Name: Greater Southern MLS
Mls ID: #SWL25002134
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.