176 Wright 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
Investment property for sale in West Monroe at 176 Wright Rd, West Monroe, LA, 71292 with 5% annual appreciation on a $175,000 basis while $1,204/mo rent supports operations. Total monthly income totals $1,204/mo and a $857/mo payment preserves $120/mo for cash returns. Annual cash flow comes to $1,434/yr on $58,013 deployed, and return on cash invested reaches 22.38% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 8.26%. Five-year ROI measures 116.16% and total cumulative return in cash totals $67,387.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,204/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1996
1.79 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: Dustin Posey • BetterHomes&GardensVeranda
Mls Name: NELAR
Mls ID: #217683