2609 Glenlea StLake charlesLA70605
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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 2609 Glenlea St, Lake charles, LA, 70605 uses $66,134 cash to close to unlock $8,804/yr annual cash flow and $734/mo monthly cash flow. Total monthly income runs $1,969/mo, and a $976/mo payment keeps the spread at $734/mo. Purchase price stands at $199,500, and rental yield measures 11.84% with $1,969/mo rent. Return on cash invested shows 33.22% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 174.24% and total cumulative return in cash records $115,231. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $976/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.69 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
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Listed by: Barbara Brashear • Century 21 Bono Realty
Mls Name: SWLAR
Mls ID: #SWL25101588