2300 Rainbow DrWest MonroeLA71291
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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 2300 Rainbow Dr, West Monroe, LA, 71291 listed at $209,900 pairs $1,433/mo rent with a $1,027/mo payment to leave $133/mo cash flow. Total monthly income runs $1,433/mo, and annual cash flow reaches $1,598/yr on $69,582 cash to close. Return on cash invested measures 22.2% in year one, and rental yield registers 8.19% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 115.21% and total cumulative return in cash totals $80,168. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,433/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71291, West Monroe, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 9,197 (57.5%) |
| Renter Occupied HU | 5,213 (32.6%) |
| Vacant Housing Units | 1,587 ( 9.9%) |
| Median Home Value | $233,021 |
| Average Home Value | $255,299 |
Housing Distribution
Address Breakdown
Residential
15,628
Single Family
13,585
Multi-Family
2,043
Businesses
1,389
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Listed by: Cailey Phillips • Keller Williams Parishwide Partners
Mls Name: NELAR
Mls ID: #216297