629 Hodges 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
Investment property for sale in Lake Charles at 629 Hodges St, Lake Charles, LA, 70601 uses $95,804 cash to close to unlock $12,232/yr annual cash flow and $1,019/mo monthly cash flow. Total monthly income runs $2,810/mo, and a $1,415/mo payment keeps the spread at $1,019/mo. Purchase price stands at $289,000, and rental yield measures 11.67% with $2,810/mo rent. Return on cash invested shows 32.68% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 171.34% and total cumulative return in cash records $164,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,810/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 2018
2,178 sqft lot
$N/A/sqft
No 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: TiiAana Alexis • Reign Realty
Mls Name: SWLAR
Mls ID: #SWL25101661