108 Byrd RdWest MonroeLA71292
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Nearby investment properties with comparable prices
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 West Monroe at 108 Byrd Rd, West Monroe, LA, 71292 priced at $240,000 pairs $1,506/mo rent with $19/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,506/mo, and annual cash flow comes to $228/yr on $79,560 invested. Return on cash invested is 20.2% in year one, and rental yield stands at 7.53% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 104.38% and total cumulative return in cash reaches $83,042. For financing, Ziffy Mortgage’s DSCR program evaluates $1,506/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71292, West Monroe, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,145 (100%) |
| Owner Occupied HU | 6,053 (59.7%) |
| Renter Occupied HU | 2,771 (27.3%) |
| Vacant Housing Units | 1,321 (13.0%) |
| Median Home Value | $184,957 |
| Average Home Value | $200,153 |
Housing Distribution
Address Breakdown
Residential
9,629
Single Family
9,576
Multi-Family
53
Businesses
614
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Listed by: Hannah Boudreaux • French Realty, LLC
Mls Name: NELAR
Mls ID: #216582