306 Splane 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 306 Splane Dr, West Monroe, LA, 71291 earns $159/mo cash flow from $1,614/mo rent with a $1,150/mo payment. Total monthly income totals $1,614/mo, and annual cash flow totals $1,902/yr on $77,903 capital. ROI tracks 22.35% on current figures, and rental yield reads 8.24% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 115.95% and total cumulative return in cash sums $90,328. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,614/mo property income instead of your personal income.
Single Family
Built in 2018
10,018 sqft 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: Harrison Lilly • Harrison Lilly
Mls Name: NELAR
Mls ID: #217068