28 Waterside DrLake CharlesLA70607
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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 28 Waterside Dr, Lake Charles, LA, 70607 offers a 9.42% rental yield on a $106,740 purchase with $838/mo rent. Total monthly income registers $838/mo, and a $522/mo payment leaves $177/mo available for distribution. Annual cash flow reaches $2,127/yr on $35,384 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $689/yr while 5% annual appreciation supports $29,490 over five years. Portfolio math shows five-year ROI at 135.2% and total cumulative return in cash at $47,840. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $838/mo property income against a $522/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70607, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,715 (100%) |
| Owner Occupied HU | 7,343 (49.9%) |
| Renter Occupied HU | 5,394 (36.7%) |
| Vacant Housing Units | 1,978 (13.4%) |
| Median Home Value | $221,040 |
| Average Home Value | $240,880 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
10,207
Multi-Family
3,120
Businesses
532
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Listed by: Nicole Woodcock • EXIT REALTY SOUTHERN
Mls Name: EXIT Realty broker feed
Mls ID: #SWL26000103