4690 E Ridge RdLake CharlesLA70607
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 4690 E Ridge Rd, Lake Charles, LA, 70607 in Lake Charles hard to pass up. The 11.73% gross yield on a $297,900 purchase results in $2,911/mo in rent and $1,027/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.17). Annual cash flow of $12,322, five-year appreciation of $82,304, and $2,744/yr in equity build-up combine for a projected total cumulative return of $181,511.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 9.2% |
| Monthly Cash Flow | $1,027 | $850 |
City averages based on Lake Charles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,911 |
| Total Monthly Debt Service | $1,727 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
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
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
Single Family
Built in 2026
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wallace Myers • Keller Williams Realty Lake Ch
Mls Name: SWLAR
Mls ID: #SWL26000295