3710 Lake StLake CharlesLA70605
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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 3710 Lake St, Lake Charles, LA, 70605 generates $2,736/mo in rent and, after a $1,738/mo payment, leaves $537/mo in cash flow. Total monthly income is $2,736/mo, and annual cash flow is $6,438/yr on $117,683 invested. Return on cash invested sits at 25.38% in year one, and rental yield is 9.25% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 132.2% and total cumulative return in cash sums $155,580. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,736/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70605, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 11,196 (59.7%) |
| Renter Occupied HU | 5,823 (31.1%) |
| Vacant Housing Units | 1,722 ( 9.2%) |
| Median Home Value | $320,067 |
| Average Home Value | $394,663 |
Housing Distribution
Address Breakdown
Residential
17,180
Single Family
14,078
Multi-Family
3,102
Businesses
927
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Listed by: Desiree Rogers • Exit Realty Southern
Mls Name: Greater Southern MLS
Mls ID: #SWL25003591