357 White Oak DrLake CharlesLA70611
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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 357 White Oak Dr, Lake Charles, LA, 70611 offers $1,397/mo rent that, after a $2,080/mo payment. Total monthly income is $1,397/mo. Return on cash invested measures 9.39% in year one, and rental yield stands at 3.94% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 46.43% and total cumulative return in cash reaches $65,417. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,397/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.83 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: Morgan Denman • Coldwell Banker Ingle Safari R
Mls Name: SWLAR
Mls ID: #SWL25102433