2300 Ernest 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
Rental property for sale in Lake Charles at 2300 Ernest St, Lake Charles, LA, 70601 priced at $109,900 pairs $877/mo rent with $196/mo cash flow after a $538/mo payment. Total monthly income equals $877/mo, and annual cash flow comes to $2,354/yr on $36,432 invested. Return on cash invested is 26.37% in year one, and rental yield stands at 9.58% on a $109,900 basis. Equity gained on principal adds $709/yr, and 5% annual appreciation accumulates to $30,363 by year five. Five-year ROI measures 137.59% and total cumulative return in cash reaches $50,128. For financing, Ziffy Mortgage’s DSCR program evaluates $877/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
7,840 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: Chad Carroll • Latter & Blum Compass-LC
Mls Name: Greater Southern MLS
Mls ID: #SWL25004007
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.