159 Chapel LnWest MonroeLA71291
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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 West Monroe at 159 Chapel Ln, West Monroe, LA, 71291 priced at $299,900 pairs $1,678/mo rent with after a $1,468/mo payment. Total monthly income equals $1,678/mo. Return on cash invested is 17.74% in year one, and rental yield stands at 6.71% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 91.26% and total cumulative return in cash reaches $90,724. For financing, Ziffy Mortgage’s DSCR program evaluates $1,678/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71291, West Monroe, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 9,197 (57.5%) |
| Renter Occupied HU | 5,213 (32.6%) |
| Vacant Housing Units | 1,587 ( 9.9%) |
| Median Home Value | $233,021 |
| Average Home Value | $255,299 |
Housing Distribution
Address Breakdown
Residential
15,628
Single Family
13,585
Multi-Family
2,043
Businesses
1,389
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Listed by: Kevin Bayles • BetterHomes&GardensVeranda
Mls Name: NELAR
Mls ID: #216932