605 Nichols PlWest 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 605 Nichols Pl, West Monroe, LA, 71291 uses $69,582 cash to close to unlock $3,122/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $1,027/mo payment keeps the spread at $260/mo. Purchase price stands at $209,900, and rental yield measures 8.92% with $1,560/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 126.98% and total cumulative return in cash records $88,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edna Mathews • Rhodes Realty, Llc
Mls Name: NELAR
Mls ID: #216807