714 W Sale RdLake CharlesLA70605
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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 714 W Sale Rd, Lake Charles, LA, 70605 generates $2,890/mo in rent, after a $2,638/mo payment. Total monthly income is $2,890/mo. Return on cash invested sits at 17.02% in year one, and rental yield is 6.43% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 87.36% and total cumulative return in cash sums $154,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,890/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70605, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,741 (100%) |
| Owner Occupied HU | 11,196 (59.7%) |
| Renter Occupied HU | 5,823 (31.1%) |
| Vacant Housing Units | 1,722 ( 9.2%) |
| Median Home Value | $320,067 |
| Average Home Value | $394,663 |
Housing Distribution
Address Breakdown
Residential
17,180
Single Family
14,078
Multi-Family
3,102
Businesses
927
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Listed by: Teresa Deere • RE/MAX ONE
Mls Name: Greater Southern MLS
Mls ID: #SWL24001491