61 W Elmwood DrMonroeLA71203
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 61 W Elmwood Dr, Monroe, LA, 71203 in Monroe speaks for itself: 12.39% gross on a $180,000 price, generating $1,859/mo in rent and $744/mo in net income after the $809/mo debt service. DSCR 2.30, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,928 stacks alongside $49,731 in projected five-year appreciation and $1,658/yr in principal reduction. Projected total cumulative return: $116,143.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 6.0% |
| Monthly Cash Flow | $744 | $150 |
City averages based on Monroe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,859 |
| Total Monthly Debt Service | $1,043 |
| DSCR Ratio | 1.78x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1980
0.33 Acres lot
$N/A/sqft
No HOA
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
Multi Family
Built in 1980
0.33 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices