1506 Park AveMonroeLA71201
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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 Monroe at 1506 Park Ave, Monroe, LA, 71201 listed at $532,000 pairs $2,100/mo rent with a $2,604/mo payment. Total monthly income runs $2,100/mo. Return on cash invested measures 11.86% in year one, and rental yield registers 4.74% at a $532,000 basis. Equity gained on principal adds $3,433/yr, and annual property appreciation at 5% supports $146,982 by year five. Five-year ROI tracks 59.69% and total cumulative return in cash totals $104,470. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,100/mo property income relative to a $2,604/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A 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
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