164 Velma DrWest 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
Investment property for sale in West Monroe at 164 Velma Dr, West Monroe, LA, 71292 earns from $954/mo rent with a $783/mo payment. Total monthly income totals $954/mo. ROI tracks 19.07% on current figures, and rental yield reads 7.16% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 98.47% and total cumulative return in cash sums $52,194. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $954/mo property income instead of your personal income.
Single Family
Built in 1980
3 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: Royal Ross Jr • Houzway
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025010925
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 ROAM MLS.