216 Park AveLake CharlesLA70601
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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
Total monthly income runs $1,380/mo, and a $1,360/mo payment. Purchase price stands at $277,777, and rental yield measures 5.96% with $1,380/mo rent. Return on cash invested shows 15.46% in year one, and 5% annual appreciation builds toward $76,745 over five years. Five-year ROI reaches 79.01% and total cumulative return in cash records $72,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $1,360/mo payment rather than investor’s personal income.
Single Family
Built in 1924
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70601, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,418 (100%) |
| Owner Occupied HU | 7,352 (44.8%) |
| Renter Occupied HU | 6,909 (42.1%) |
| Vacant Housing Units | 2,157 (13.1%) |
| Median Home Value | $191,938 |
| Average Home Value | $292,149 |
Housing Distribution
Address Breakdown
Residential
13,724
Single Family
12,609
Multi-Family
1,115
Businesses
2,035
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Listed by: Greg Wise • Latter & Blum Compass-LC
Mls Name: Greater Southern MLS
Mls ID: #SWL24007222