198 Morris 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
Rental property for sale in West Monroe at 198 Morris Rd, West Monroe, LA, 71292 priced at $159,900 converts $1,458/mo rent into $467/mo cash flow after a $783/mo obligation. Total monthly income equals $1,458/mo, and annual cash flow totals $5,606/yr on $53,007 invested. Return on cash invested prints 30.48% in year one, and rental yield reads 10.94% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 159.66% and total cumulative return in cash sums $84,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,458/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1967
4.94 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: Shane Wooten • Keller Williams Parishwide Partners
Mls Name: NELAR
Mls ID: #216809