2507 Hodges 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 2507 Hodges St, Lake charles, LA, 70601 priced at $208,900 pairs $1,798/mo rent with $504/mo cash flow after a $1,022/mo payment. Total monthly income equals $1,798/mo, and annual cash flow comes to $6,053/yr on $69,250 invested. Return on cash invested is 28.65% in year one, and rental yield stands at 10.33% on a $208,900 basis. Equity gained on principal adds $1,348/yr, and 5% annual appreciation accumulates to $57,715 by year five. Five-year ROI measures 149.74% and total cumulative return in cash reaches $103,698. For financing, Ziffy Mortgage’s DSCR program evaluates $1,798/mo property income against a $1,022/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.27 Acres 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: Stephen Rackley • R Home Real Estate LLC
Mls Name: Greater Southern MLS
Mls ID: #SWL24006143