429 Barnes RdMonroeLA71203
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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 Monroe at 429 Barnes Rd, Monroe, LA, 71203 generates $1,185/mo in rent and, after a $749/mo payment, leaves $237/mo in cash flow. Total monthly income is $1,185/mo, and annual cash flow is $2,845/yr on $50,720 invested. Return on cash invested sits at 25.52% in year one, and rental yield is 9.29% on a $153,000 entry. Equity gained on principal adds $987/yr, while 5% annual appreciation builds toward $42,271 over five years. Five-year ROI reaches 133.01% and total cumulative return in cash sums $67,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,185/mo property income rather than buyer’s personal income.
Manufactured
Built in N/A
2.40 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Deborah Giger • Keller Williams Parishwide Partners
Mls Name: NELAR
Mls Provider:
Mls ID: #214513
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