502 Wallace RdWest MonroeLA71291
Nearby investment properties with comparable rents
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 502 Wallace Rd, West Monroe, LA, 71291 offers a 11.31% rental yield on a $229,900 purchase with $2,167/mo rent. Total monthly income registers $2,167/mo, and a $1,125/mo payment leaves $743/mo available for distribution. Annual cash flow reaches $8,918/yr on $76,212 to close, and return on cash invested stands at 31.61% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 165.66% and total cumulative return in cash at $126,251. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,167/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.42 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chelsea Ross • Coldwell Banker Group One Realty
Mls Name: NELAR
Mls ID: #217236