3908 Center StLake CharlesLA70607
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
Investment Highlights
Rental property for sale in Lake Charles at 3908 Center St, Lake Charles, LA, 70607 offers $1,082/mo rent that, after a $661/mo payment, leaves $246/mo cash flow. Total monthly income is $1,082/mo, and annual cash flow is $2,946/yr on $44,753 cash. Return on cash invested measures 26.49% in year one, and rental yield stands at 9.62% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 138.23% and total cumulative return in cash reaches $61,861. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,082/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.29 Acres lot
$N/A/sqft
No 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: Cassandra Groves • Bricks & Mortar- Real Estate
Mls Name: Greater Southern MLS
Mls ID: #SWL24005077