716 Clarence 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 716 Clarence St, Lake charles, LA, 70601 uses $58,013 cash to close to unlock $3,858/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $1,406/mo, and a $857/mo payment keeps the spread at $322/mo. Purchase price stands at $175,000, and rental yield measures 9.64% with $1,406/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 138.54% and total cumulative return in cash records $80,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,406/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5,825 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: Bailey K Dowden • The Real Estate Brokerage
Mls Name: SWLAR
Mls ID: #SWL25101048