590 Pinecone DrLake charlesLA70611
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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 590 Pinecone Dr, Lake charles, LA, 70611 generates $3,262/mo in rent and, after a $1,640/mo payment, leaves $1,187/mo in cash flow. Total monthly income is $3,262/mo, and annual cash flow is $14,238/yr on $111,053 invested. Return on cash invested sits at 32.73% in year one, and rental yield is 11.68% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 171.61% and total cumulative return in cash sums $190,580. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,262/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70611, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,082 (100%) |
| Owner Occupied HU | 6,977 (76.8%) |
| Renter Occupied HU | 1,359 (15.0%) |
| Vacant Housing Units | 746 ( 8.2%) |
| Median Home Value | $292,534 |
| Average Home Value | $325,683 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,624
Multi-Family
253
Businesses
308
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Listed by: Angela Vitello • Bricks & Mortar- Real Estate
Mls Name: Greater Southern MLS
Mls ID: #SWL24006602