2222 Michele CtLake 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
Investment property for sale in Lake Charles at 2222 Michele Ct, Lake Charles, LA, 70607 with 5% annual appreciation on a $226,400 basis while $2,209/mo rent supports operations. Total monthly income totals $2,209/mo and a $1,108/mo payment preserves $742/mo for cash returns. Annual cash flow comes to $8,904/yr on $75,052 deployed, and return on cash invested reaches 31.77% in year one. Equity gained on principal adds $1,461/yr, and five-year appreciation sums $62,550 alongside rental yield of 11.71%. Five-year ROI measures 166.82% and total cumulative return in cash totals $125,200.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,209/mo property income versus a $1,108/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
8,712 sqft lot
$N/A/sqft
No 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: N/A • N/A
Mls Name: Latter and Blum
Mls ID: #SWL25002761