1305 Charles Griggs RdWest MonroeLA71292
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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
Total monthly income runs $998/mo, and a $1,224/mo payment. Purchase price stands at $250,000, and rental yield measures 4.79% with $998/mo rent. Return on cash invested shows 11.93% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 60.06% and total cumulative return in cash records $49,774. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $998/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1980
4.12 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: Meleah Jones • Keller Williams Parishwide Partners
Mls Name: NELAR
Mls ID: #216058