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705 Rowan St, West Monroe, LA, 71292

--beds
--baths
--sqft
$399,000
--price/sqft
$2,640/moest. monthly cost
$105,600/yrincome needed

About This Home

Check out this Trailer park located in West Monroe La. Park has 9 trailers in it with an income of $3,800 a month and 8 vacant trailer lots that could rented out that would bring in another $2000 a month. Park needs a little work to get all 8 lots ready but wouldn't take much to get the rent roll bumped up to $5800 a month total.

Getting Around

28
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

4/10
4/10
Riser Middle SchoolGrades 6-81.0 mi
7/10
West Monroe High SchoolGrades 8-122.2 mi

Construction

Condition

  • Year built: 1994

Materials

  • Foundation: Other
  • Roof: Metal
  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Trailer Park,Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Electric Water Heater
  • Laundry features: In Unit

Features

  • Ceiling Fan(s)
  • Fireplace features: None

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Property

Details

  • Parcel number: 22727
  • Zoning: COMMERCIAL
  • Zoning description: COMMERCIAL

Features

  • Patio & porch: None

Lot

  • Lot size: 2.83 Acres

Parking

  • Parking features: Gravel
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Ice Storm
Strong Wind
Tornado
Earthquake
Hail
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$304$3,648
Property Taxes $172$2,064
Electricity $147$1,773
Total$2,640$31,680
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$90,514/yr
40% on housing$79,200/yr
45% on housing$70,400/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.7%
13.7%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 71292$90
Ouachita Parish$119

vs Homes Sold Last Month

Median $/sqft

ZIP 71292$131
Ouachita Parish$134

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-10-15Listed for sale$415,000
2018-09-07Listing removed$275,000
2018-04-09Listed for sale$275,000

For Sale by Agent

AgentMark Ouchley
BrokerageColdwell Banker Group One Realty

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