2248 N Lake Michele CirLake 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
Total monthly income runs $1,818/mo, and a $1,273/mo payment. Purchase price stands at $260,000, and rental yield measures 8.39% with $1,818/mo rent. Return on cash invested shows 18.61% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 97.41% and total cumulative return in cash records $83,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,818/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 2019
8,276 sqft lot
$N/A/sqft
$300 monthly 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: Jose Umanzor • Bricks & Mortar- Real Estate
Mls Name: Greater Southern MLS
Mls ID: #SWL25001627
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