226 Laura Wilkes RdWest MonroeLA71292
Nearby investment properties with comparable rents
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 226 Laura Wilkes Rd, West Monroe, LA, 71292 at $197,000 posts ROI 31.69% with $641/mo cash flow from $1,861/mo rent. Total monthly income equals $1,861/mo, and annual cash flow records $7,691/yr on $65,306 to close. Return on cash invested measures 31.69% and rental yield reads 11.34% at the current $197,000. Equity gained on principal adds $1,271/yr, and 5% annual appreciation supports $54,427 by year five. Five-year ROI prints 166% and total cumulative return in cash totals $108,410.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,861/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
9,147 sqft 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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Nearby investment properties with comparable prices
Listed by: Shane Wooten • Keller Williams Parishwide Partners
Mls Name: NELAR
Mls ID: #217607