302 Paula 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
Rental property for sale in West Monroe at 302 Paula Dr, West Monroe, LA, 71291 priced at $164,999 converts $1,590/mo rent into $568/mo cash flow after a $808/mo obligation. Total monthly income equals $1,590/mo, and annual cash flow totals $6,810/yr on $54,697 invested. Return on cash invested prints 32.36% in year one, and rental yield reads 11.56% against a $164,999 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 169.67% and total cumulative return in cash sums $92,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,590/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1970
N/A 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: Andrea Brown • French Realty, LLC
Mls Name: NELAR
Mls ID: #216835