231 Armistead LnLake CharlesLA70611
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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 231 Armistead Ln, Lake Charles, LA, 70611 priced at $599,000 pairs $1,578/mo rent with after a $2,932/mo payment. Total monthly income equals $1,578/mo. Return on cash invested is 7.07% in year one, and rental yield stands at 3.16% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 34% and total cumulative return in cash reaches $67,006. For financing, Ziffy Mortgage’s DSCR program evaluates $1,578/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2010
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70611, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,082 (100%) |
| Owner Occupied HU | 6,977 (76.8%) |
| Renter Occupied HU | 1,359 (15.0%) |
| Vacant Housing Units | 746 ( 8.2%) |
| Median Home Value | $292,534 |
| Average Home Value | $325,683 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,624
Multi-Family
253
Businesses
308
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Listed by: Justin Babineaux • The Real Estate Brokerage
Mls Name: SWLAR
Mls ID: #SWL25003207