510 Spencer LnMonroeLA71201
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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 Monroe at 510 Spencer Ln, Monroe, LA, 71201 earns $550/mo cash flow from $2,532/mo rent with a $1,566/mo payment. Total monthly income totals $2,532/mo, and annual cash flow totals $6,600/yr on $106,080 capital. ROI tracks 26.13% on current figures, and rental yield reads 9.5% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 136.2% and total cumulative return in cash sums $144,483. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,532/mo property income instead of your personal income.
Single Family
Built in 1970
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71201, Monroe, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,933 (100%) |
| Owner Occupied HU | 4,926 (45.1%) |
| Renter Occupied HU | 4,945 (45.2%) |
| Vacant Housing Units | 1,062 ( 9.7%) |
| Median Home Value | $286,209 |
| Average Home Value | $317,841 |
Housing Distribution
Address Breakdown
Residential
10,316
Single Family
8,607
Multi-Family
1,709
Businesses
2,141
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