1819 Downing RdLake CharlesLA70611
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 1819 Downing Rd, Lake Charles, LA, 70611 uses $87,582 cash to close to unlock $5,952/yr annual cash flow and $496/mo monthly cash flow. Total monthly income runs $2,254/mo, and a $1,293/mo payment keeps the spread at $496/mo. Purchase price stands at $264,200, and rental yield measures 10.24% with $2,254/mo rent. Return on cash invested shows 26.71% in year one, and 5% annual appreciation builds toward $72,994 over five years. Five-year ROI reaches 139.96% and total cumulative return in cash records $122,584. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,254/mo property income covering a $1,293/mo payment rather than investor’s personal income.
Single Family
Built in 2023
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Morgan Denman • Coldwell Banker Ingle Safari Realty
Mls Name: Greater Southern MLS
Mls ID: #SWL25003776
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.