1030 2nd StMorgan CityLA70380
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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
Investment property for sale in Morgan City at 1030 2nd St, Morgan City, LA, 70380 uses $124,313 cash to close to unlock $13,938/yr annual cash flow and $1,162/mo monthly cash flow. Total monthly income runs $3,484/mo, and a $1,835/mo payment keeps the spread at $1,162/mo. Purchase price stands at $375,000, and rental yield measures 11.15% with $3,484/mo rent. Return on cash invested shows 31.12% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 162.99% and total cumulative return in cash records $202,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,484/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1907
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70380, Morgan City, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,959 (100%) |
| Owner Occupied HU | 5,645 (56.7%) |
| Renter Occupied HU | 2,703 (27.1%) |
| Vacant Housing Units | 1,611 (16.2%) |
| Median Home Value | $152,917 |
| Average Home Value | $211,206 |
Housing Distribution
Address Breakdown
Residential
8,902
Single Family
8,630
Multi-Family
272
Businesses
897
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