2229 13th StLake 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
Investment property for sale in Lake Charles at 2229 13th St, Lake Charles, LA, 70601 offers a 9.76% rental yield on a $222,000 purchase with $1,805/mo rent. Total monthly income registers $1,805/mo, and a $1,087/mo payment leaves $429/mo available for distribution. Annual cash flow reaches $5,153/yr on $73,593 to close, and return on cash invested stands at 26.91% in year one. Equity gained on principal adds $1,433/yr while 5% annual appreciation supports $61,335 over five years. Portfolio math shows five-year ROI at 140.43% and total cumulative return in cash at $103,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,805/mo property income against a $1,087/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
7,413 sqft 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: Marzetta Landry • Bricks & Mortar- Real Estate
Mls Name: Greater Southern MLS
Mls ID: #SWL25003809