303 John Price RdWest MonroeLA71292
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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 303 John Price Rd, West Monroe, LA, 71292 offers a 7.14% rental yield on a $275,000 purchase with $1,637/mo rent. 03% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 98.17% and total cumulative return in cash at $89,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,637/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
3.34 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: Deanna Norman • DB Real Estate
Mls Name: NELAR
Mls ID: #216273