6319 Highway 129MontereyLA71354
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 Monterey at 6319 Highway 129, Monterey, LA, 71354 earns from $2,369/mo rent with a $2,349/mo payment. Total monthly income totals $2,369/mo. ROI tracks 15.35% on current figures, and rental yield reads 5.92% at a $479,900 purchase. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,588 over five years. Five-year ROI reaches 78.45% and total cumulative return in cash sums $124,797. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,369/mo property income instead of your personal income.
Single Family
Built in N/A
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71354, Monterey, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 892 (100%) |
| Owner Occupied HU | 498 (55.8%) |
| Renter Occupied HU | 70 ( 7.8%) |
| Vacant Housing Units | 324 (36.3%) |
| Median Home Value | $166,923 |
| Average Home Value | $193,002 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
611
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices