242 Spring StLake CharlesLA70605
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 242 Spring St, Lake Charles, LA, 70605 offers a 7.86% rental yield on a $270,000 purchase with $1,768/mo rent. Total monthly income registers $1,768/mo, and a $1,322/mo payment leaves $95/mo available for distribution. Annual cash flow reaches $1,140/yr on $89,505 to close, and return on cash invested stands at 21.18% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 109.67% and total cumulative return in cash at $98,161. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,768/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70605, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 11,196 (59.7%) |
| Renter Occupied HU | 5,823 (31.1%) |
| Vacant Housing Units | 1,722 ( 9.2%) |
| Median Home Value | $320,067 |
| Average Home Value | $394,663 |
Housing Distribution
Address Breakdown
Residential
17,180
Single Family
14,078
Multi-Family
3,102
Businesses
927
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Quinnetta Senegal • Coldwell Banker Ingle Safari Realty
Mls Name: Greater Southern MLS
Mls ID: #SWL25003988