713 E Berryvine LnLake 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
Investment property for sale in Lake Charles at 713 E Berryvine Ln, Lake Charles, LA, 70611 earns $204/mo cash flow from $1,721/mo rent with a $1,199/mo payment. Total monthly income totals $1,721/mo, and annual cash flow totals $2,442/yr on $81,218 capital. ROI tracks 22.92% on current figures, and rental yield reads 8.43% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 119% and total cumulative return in cash sums $96,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,721/mo property income instead of your personal income.
Single Family
Built in 2019
6,534 sqft 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: Timothy Castle • Castle Real Estate
Mls Name: Greater Southern MLS
Mls ID: #SWL24004841