2508 Myrtle St, Monroe, LA, 71201 | 5.54% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Monroe at 2508 Myrtle St, Monroe, LA, 71201 generates $3,022/mo in rent, after a $3,201/mo payment. Total monthly income is $3,022/mo. Return on cash invested sits at 14.32% in year one, and rental yield is 5.54% on a $654,000 entry. Equity gained on principal adds $4,220/yr, while 5% annual appreciation builds toward $180,688 over five years. Five-year ROI reaches 72.85% and total cumulative return in cash sums $156,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,022/mo property income rather than buyer’s personal income.

Single Family

Built in 1975

9,147 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 71201, Monroe, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,933 (100%)
Owner Occupied HU	4,926 (45.1%)
Renter Occupied HU	4,945 (45.2%)
Vacant Housing Units	1,062 ( 9.7%)
Median Home Value	$286,209
Average Home Value	$317,841