1500 Fairview AveMonroeLA71201
Nearby investment properties with comparable rents
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 Monroe at 1500 Fairview Ave, Monroe, LA, 71201 generates $2,414/mo in rent and, after a $1,757/mo payment, leaves $190/mo in cash flow. Total monthly income is $2,414/mo, and annual cash flow is $2,284/yr on $119,009 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 8.07% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 113.15% and total cumulative return in cash sums $134,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,414/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71201, Monroe, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,933 (100%) |
| Owner Occupied HU | 4,926 (45.1%) |
| Renter Occupied HU | 4,945 (45.2%) |
| Vacant Housing Units | 1,062 ( 9.7%) |
| Median Home Value | $286,209 |
| Average Home Value | $317,841 |
Housing Distribution
Address Breakdown
Residential
10,316
Single Family
8,607
Multi-Family
1,709
Businesses
2,141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices