401 Pine StLake CharlesLA70601
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
Investment property for sale in Lake Charles at 401 Pine St, Lake Charles, LA, 70601 listed at $449,500 pairs $2,983/mo rent with a $2,200/mo payment to leave $199/mo cash flow. Total monthly income runs $2,983/mo, and annual cash flow reaches $2,384/yr on $149,009 cash to close. Return on cash invested measures 21.51% in year one, and rental yield registers 7.96% at a $449,500 basis. Equity gained on principal adds $2,901/yr, and annual property appreciation at 5% supports $124,189 by year five. Five-year ROI tracks 111.42% and total cumulative return in cash totals $166,025. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,983/mo property income relative to a $2,200/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1893
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70601, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,418 (100%) |
| Owner Occupied HU | 7,352 (44.8%) |
| Renter Occupied HU | 6,909 (42.1%) |
| Vacant Housing Units | 2,157 (13.1%) |
| Median Home Value | $191,938 |
| Average Home Value | $292,149 |
Housing Distribution
Address Breakdown
Residential
13,724
Single Family
12,609
Multi-Family
1,115
Businesses
2,035
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Babineaux • The Real Estate Brokerage
Mls Name: Greater Southern MLS
Mls ID: #SWL24002135