605 Joseph StMonroeLA71201
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
Rental property for sale in Monroe at 605 Joseph St, Monroe, LA, 71201 offers $1,543/mo rent that, after a $768/mo payment, leaves $571/mo cash flow. Total monthly income is $1,543/mo, and annual cash flow is $6,851/yr on $52,046 cash. Return on cash invested measures 33.07% in year one, and rental yield stands at 11.79% at a $157,000 entry. Equity gained on principal adds $1,013/yr while 5% annual appreciation compounds into $43,376 by year five. Five-year ROI records 173.45% and total cumulative return in cash reaches $90,272. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,543/mo property income versus a $768/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
N/A 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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Nearby investment properties with comparable prices
Listed by: Harrison Lilly • THLT Realty
Mls Name: NELAR
Mls Provider:
Mls ID: #213987
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