2357 E Armand StLake 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
Investment property for sale in Lake Charles at 2357 E Armand St, Lake Charles, LA, 70611 uses $113,373 cash to close to unlock $2,093/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $2,293/mo, and a $1,674/mo payment keeps the spread at $174/mo. Purchase price stands at $342,000, and rental yield measures 8.05% with $2,293/mo rent. Return on cash invested shows 21.75% in year one, and 5% annual appreciation builds toward $94,488 over five years. Five-year ROI reaches 112.76% and total cumulative return in cash records $127,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,293/mo property income covering a $1,674/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.85 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: Sharel Hebert • Century 21 Bessette Realty
Mls Name: Greater Southern MLS
Mls ID: #SWL24007229