105 Joy StWest MonroeLA71291
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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 West Monroe at 105 Joy St, West Monroe, LA, 71291 offers a 11.29% rental yield on a $145,000 purchase with $1,364/mo rent. Total monthly income registers $1,364/mo, and a $710/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,586/yr on $48,068 to close, and return on cash invested stands at 31.53% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 165.21% and total cumulative return in cash at $79,412. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,364/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71291, West Monroe, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 9,197 (57.5%) |
| Renter Occupied HU | 5,213 (32.6%) |
| Vacant Housing Units | 1,587 ( 9.9%) |
| Median Home Value | $233,021 |
| Average Home Value | $255,299 |
Housing Distribution
Address Breakdown
Residential
15,628
Single Family
13,585
Multi-Family
2,043
Businesses
1,389
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Listed by: Marla Jones • Coldwell Banker Group One Realty
Mls Name: NELAR
Mls ID: #217598