745 Morningside DrLake 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 745 Morningside Dr, Lake Charles, LA, 70605 priced at $155,000 pairs $1,393/mo rent with $433/mo cash flow after a $759/mo payment. Total monthly income equals $1,393/mo, and annual cash flow comes to $5,190/yr on $51,383 invested. Return on cash invested is 30.01% in year one, and rental yield stands at 10.78% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 157.04% and total cumulative return in cash reaches $80,692. For financing, Ziffy Mortgage’s DSCR program evaluates $1,393/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
9,165 sqft 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: Jennifer Forest • eXp Realty, LLC
Mls Name: SWLAR
Mls ID: #SWL26000222