29 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
Rental property for sale in Lake Charles at 29 Waterside Dr, Lake Charles, LA, 70607 priced at $124,650 converts $986/mo rent into $214/mo cash flow after a $610/mo obligation. Total monthly income equals $986/mo, and annual cash flow totals $2,567/yr on $41,321 invested. Return on cash invested prints 26.12% in year one, and rental yield reads 9.49% against a $124,650 entry. Equity gained on principal adds $804/yr, while 5% annual appreciation compiles into $34,439 by year five. Five-year ROI reaches 136.15% and total cumulative return in cash sums $56,259. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $986/mo property income covering a $610/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.39 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: #SWL26000102