6551 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 6551 Highway 129, Monterey, LA, 71354 uses $132,269 cash to close to unlock $4,180/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $1,953/mo payment keeps the spread at $348/mo. Purchase price stands at $399,000, and rental yield measures 8.48% with $2,820/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 119.82% and total cumulative return in cash records $158,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.66 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
Listed by: Yvette Hardy • RITCHIE REAL ESTATE
Mls Name: GCLRA
Mls Provider:
Mls ID: #2474537
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.