4673 W Ridge RdLake CharlesLA70607
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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
Investment property for sale in Lake Charles at 4673 W Ridge Rd, Lake Charles, LA, 70607 offers a 8.23% rental yield on a $340,000 purchase with $2,332/mo rent. Total monthly income registers $2,332/mo, and a $1,664/mo payment leaves $226/mo available for distribution. Annual cash flow reaches $2,712/yr on $112,710 to close, and return on cash invested stands at 22.32% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 115.75% and total cumulative return in cash at $130,458. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,332/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,405 sqft 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: Charles Ilonya • Keller Williams Realty Acadiana
Mls Name: RAA
Mls ID: #2500004864