3379 Highway 3059Lake CharlesLA70615
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Lake Charles rental at 3379 Highway 3059, Lake Charles, LA, 70615 sits in the solid-income band: 10.78% gross yield, $1,505/mo rent, $453/mo net after the $753/mo debt service, DSCR 2.00. Entry price of $167,500 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $46,277 and $1,543/yr in principal reduction bring total cumulative return to $93,655.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 9.2% |
| Monthly Cash Flow | $453 | $850 |
City averages based on Lake Charles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,505 |
| Total Monthly Debt Service | $971 |
| DSCR Ratio | 1.55x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2021
0.28 Acres lot
$N/A/sqft
No HOA
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
Manufactured
Built in 2021
0.28 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jen Johnson-Chiasson • One Way Realty LLC
Mls Name: Greater Southern MLS
Mls ID: #SWL24006344