700 K 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 700 K St, Monroe, LA, 71201 priced at $218,000 pairs $1,511/mo rent with $161/mo cash flow after a $1,067/mo payment. Total monthly income equals $1,511/mo, and annual cash flow comes to $1,927/yr on $72,267 invested. Return on cash invested is 22.58% in year one, and rental yield stands at 8.32% on a $218,000 basis. Equity gained on principal adds $1,407/yr, and 5% annual appreciation accumulates to $60,229 by year five. Five-year ROI measures 117.18% and total cumulative return in cash reaches $84,679. For financing, Ziffy Mortgage’s DSCR program evaluates $1,511/mo property income against a $1,067/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1943
0.34 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices