394 E Park Manor 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 394 E Park Manor Dr, Lake Charles, LA, 70611 priced at $375,000 converts $2,713/mo rent into $391/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,713/mo, and annual cash flow totals $4,686/yr on $124,313 invested. Return on cash invested prints 23.68% in year one, and rental yield reads 8.68% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 123.07% and total cumulative return in cash sums $152,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,713/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1986
1 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: Brian Griggs • Keller Williams Realty Lake Ch
Mls Name: SWLAR
Mls ID: #SWL25100997