910 8th AveLake 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 910 8th Ave, Lake Charles, LA, 70601 listed at $179,000 pairs $1,237/mo rent with a $876/mo payment to leave $128/mo cash flow. Total monthly income runs $1,237/mo, and annual cash flow reaches $1,540/yr on $59,339 cash to close. Return on cash invested measures 22.5% in year one, and rental yield registers 8.29% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 116.79% and total cumulative return in cash totals $69,303. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,237/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1960
0.47 Acres 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: Debbie LaFleur • Century 21 Bono Realty
Mls Name: SWLAR
Mls ID: #SWL25100666