588 Jefferson DrLake CharlesLA70605
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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 588 Jefferson Dr, Lake Charles, LA, 70605 priced at $186,000 converts $1,859/mo rent into $707/mo cash flow after a $910/mo obligation. Total monthly income equals $1,859/mo, and annual cash flow totals $8,486/yr on $61,659 invested. Return on cash invested prints 33.67% in year one, and rental yield reads 11.99% against a $186,000 entry. Equity gained on principal adds $1,200/yr, while 5% annual appreciation compiles into $51,388 by year five. Five-year ROI reaches 176.7% and total cumulative return in cash sums $108,952. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,859/mo property income covering a $910/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70605, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 11,196 (59.7%) |
| Renter Occupied HU | 5,823 (31.1%) |
| Vacant Housing Units | 1,722 ( 9.2%) |
| Median Home Value | $320,067 |
| Average Home Value | $394,663 |
Housing Distribution
Address Breakdown
Residential
17,180
Single Family
14,078
Multi-Family
3,102
Businesses
927
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Listed by: Danielle Wyble • Coldwell Banker Ingle Safari R
Mls Name: Greater Southern MLS
Mls ID: #SWL24005945