702 Northwood DrWest MonroeLA71291
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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 West Monroe at 702 Northwood Dr, West Monroe, LA, 71291 priced at $449,900 converts $4,268/mo rent into $1,481/mo cash flow after a $2,202/mo obligation. Total monthly income equals $4,268/mo, and annual cash flow totals $17,774/yr on $149,142 invested. Return on cash invested prints 31.83% in year one, and rental yield reads 11.38% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 166.78% and total cumulative return in cash sums $248,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,268/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1980
4.20 Acres 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
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Listed by: Angela Juneau • Coldwell Banker Group One Realty
Mls Name: NELAR
Mls ID: #216547