713 Drew 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 713 Drew St, Lake Charles, LA, 70601 generates $862/mo in rent and, after a $538/mo payment, leaves $181/mo in cash flow. Total monthly income is $862/mo, and annual cash flow is $2,172/yr on $36,465 invested. Return on cash invested sits at 25.87% in year one, and rental yield is 9.4% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 134.76% and total cumulative return in cash sums $49,140. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $862/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
5,227 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: Sophia Rasile • Bricks & Mortar- Real Estate
Mls Name: Greater Southern MLS
Mls ID: #SWL24007320