3001 Elliott LnLake charlesLA70615
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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 3001 Elliott Ln, Lake charles, LA, 70615 priced at $199,000 pairs $1,311/mo rent with $78/mo cash flow after a $974/mo payment. Total monthly income equals $1,311/mo, and annual cash flow comes to $940/yr on $65,969 invested. Return on cash invested is 21.33% in year one, and rental yield stands at 7.91% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 110.53% and total cumulative return in cash reaches $72,918. For financing, Ziffy Mortgage’s DSCR program evaluates $1,311/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
0.52 Acres lot
$N/A/sqft
No HOA
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Listed by: Sharel Hebert • CENTURY 21 Bessette Flavin
Mls Name: Greater Southern MLS
Mls ID: #SWL25002711
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