Riley Heritage Plan, Morganfield SouthLake CharlesLA70607
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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 Riley Heritage Plan, Morganfield South, Lake Charles, LA, 70607 earns $574/mo cash flow from $2,426/mo rent with a $1,463/mo payment. Total monthly income totals $2,426/mo, and annual cash flow totals $6,893/yr on $99,085 capital. ROI tracks 26.87% on current figures, and rental yield reads 9.74% at a $298,900 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,581 over five years. Five-year ROI reaches 140.18% and total cumulative return in cash sums $138,903. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,426/mo property income instead of your personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70607, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,715 (100%) |
| Owner Occupied HU | 7,343 (49.9%) |
| Renter Occupied HU | 5,394 (36.7%) |
| Vacant Housing Units | 1,978 (13.4%) |
| Median Home Value | $221,040 |
| Average Home Value | $240,880 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
10,207
Multi-Family
3,120
Businesses
532
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Listed by: N/A • Manuel Builders
Mls Name: Manuel Builders
Mls ID: #N/A