1910 Hickory StMonroeLA71202
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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 1910 Hickory St, Monroe, LA, 71202 uses $41,438 cash to close to unlock $2,202/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $958/mo, and a $612/mo payment keeps the spread at $184/mo. Purchase price stands at $125,000, and rental yield measures 9.2% with $958/mo rent. Return on cash invested shows 25.22% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 131.4% and total cumulative return in cash records $54,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $958/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71202, Monroe, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,760 (100%) |
| Owner Occupied HU | 4,216 (39.2%) |
| Renter Occupied HU | 4,942 (45.9%) |
| Vacant Housing Units | 1,602 (14.9%) |
| Median Home Value | $88,281 |
| Average Home Value | $141,317 |
Housing Distribution
Address Breakdown
Residential
9,926
Single Family
9,185
Multi-Family
741
Businesses
547
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