514 Mill StLake CharlesLA70601
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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 514 Mill St, Lake Charles, LA, 70601 offers $2,209/mo rent that, after a $1,407/mo payment, leaves $328/mo cash flow. Total monthly income is $2,209/mo, and annual cash flow is $3,939/yr on $95,306 cash. Return on cash invested measures 24.04% in year one, and rental yield stands at 9.22% at a $287,500 entry. Equity gained on principal adds $1,855/yr while 5% annual appreciation compounds into $79,431 by year five. Five-year ROI records 125.49% and total cumulative return in cash reaches $119,603. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,209/mo property income versus a $1,407/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
2,178 sqft lot
$N/A/sqft
$100 monthly 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
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Listed by: Larry Turner • Century 21 Bessette Realty
Mls Name: Greater Southern MLS
Mls ID: #SWL24003532