106 Salem DrMonroeLA71202
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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 Monroe at 106 Salem Dr, Monroe, LA, 71202 generates $1,259/mo in rent and, after a $783/mo payment, leaves $268/mo in cash flow. Total monthly income is $1,259/mo, and annual cash flow is $3,218/yr on $53,007 invested. Return on cash invested sits at 25.98% in year one, and rental yield is 9.45% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 135.5% and total cumulative return in cash sums $71,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,259/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71202, Monroe, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,760 (100%) |
| Owner Occupied HU | 4,216 (39.2%) |
| Renter Occupied HU | 4,942 (45.9%) |
| Vacant Housing Units | 1,602 (14.9%) |
| Median Home Value | $88,281 |
| Average Home Value | $141,317 |
Housing Distribution
Address Breakdown
Residential
9,926
Single Family
9,185
Multi-Family
741
Businesses
547
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