3016 Basin WayLake 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 3016 Basin Way, Lake Charles, LA, 70607 uses $97,043 cash to close to unlock $6,641/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $2,426/mo, and a $1,433/mo payment keeps the spread at $553/mo. Purchase price stands at $292,740, and rental yield measures 9.94% with $2,426/mo rent. Return on cash invested shows 26.75% in year one, and 5% annual appreciation builds toward $80,879 over five years. Five-year ROI reaches 139.84% and total cumulative return in cash records $135,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,426/mo property income covering a $1,433/mo payment rather than investor’s personal income.
Single Family
Built in 2025
5,924 sqft lot
$N/A/sqft
$354 semi-annually 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: Saun A Sullivan • Cicero Realty, LLC
Mls Name: SWLAR
Mls ID: #SWL25101251
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.