287 Cob CirLake charlesLA70611
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
Rental property for sale in Lake charles at 287 Cob Cir, Lake charles, LA, 70611 priced at $389,500 converts $2,929/mo rent into $517/mo cash flow after a $1,906/mo obligation. Total monthly income equals $2,929/mo, and annual cash flow totals $6,200/yr on $129,119 invested. Return on cash invested prints 24.71% in year one, and rental yield reads 9.02% against a $389,500 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation compiles into $107,612 by year five. Five-year ROI reaches 128.6% and total cumulative return in cash sums $166,051. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,929/mo property income covering a $1,906/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1 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: Bailey Dowden • The Real Estate Brokerage
Mls Name: Greater Southern MLS
Mls ID: #SWL24006553