616 Josh StLake 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 616 Josh St, Lake Charles, LA, 70611 priced at $336,500 converts $2,084/mo rent into after a $1,647/mo obligation. Total monthly income equals $2,084/mo. Return on cash invested prints 19.9% in year one, and rental yield reads 7.43% against a $336,500 entry. Equity gained on principal adds $2,171/yr, while 5% annual appreciation compiles into $92,969 by year five. Five-year ROI reaches 102.83% and total cumulative return in cash sums $114,707. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,084/mo property income covering a $1,647/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.52 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: Lyndsie Blanchard • The Real Estate Brokerage
Mls Name: Greater Southern MLS
Mls ID: #SWL25003912