1924 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
Rental property for sale in Lake Charles at 1924 N Michael Sq, Lake Charles, LA, 70611 generates $2,686/mo in rent and, after a $1,628/mo payment, leaves $563/mo in cash flow. Total monthly income is $2,686/mo, and annual cash flow is $6,759/yr on $110,257 invested. Return on cash invested sits at 26.04% in year one, and rental yield is 9.69% on a $332,600 entry. Equity gained on principal adds $2,146/yr, while 5% annual appreciation builds toward $91,891 over five years. Five-year ROI reaches 135.99% and total cumulative return in cash sums $149,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,686/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.42 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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