4479 Lakes Edge DrLake 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 4479 Lakes Edge Dr, Lake Charles, LA, 70607 priced at $304,765 converts $2,075/mo rent into $164/mo cash flow after a $1,492/mo obligation. Total monthly income equals $2,075/mo, and annual cash flow totals $1,972/yr on $101,030 invested. Return on cash invested prints 21.86% in year one, and rental yield reads 8.17% against a $304,765 entry. Equity gained on principal adds $1,967/yr, while 5% annual appreciation compiles into $84,201 by year five. Five-year ROI reaches 113.45% and total cumulative return in cash sums $114,620. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,075/mo property income covering a $1,492/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,200 sqft lot
$N/A/sqft
$135 semi-annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Saun Sullivan • Cicero Realty, LLC
Mls Name: Greater Southern MLS
Mls ID: #SWL24002429