1051 Stephensville RdMorgan 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
Rental property for sale in Morgan City at 1051 Stephensville Rd, Morgan City, LA, 70380 offers $1,374/mo rent that, after a $855/mo payment, leaves $292/mo cash flow. Total monthly income is $1,374/mo, and annual cash flow is $3,503/yr on $57,913 cash. Return on cash invested measures 25.96% in year one, and rental yield stands at 9.44% at a $174,700 entry. Equity gained on principal adds $1,127/yr while 5% annual appreciation compounds into $48,266 by year five. Five-year ROI records 135.28% and total cumulative return in cash reaches $78,345. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,374/mo property income versus a $855/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
7,405 sqft 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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Listed by: Emily Skiles • Simon Real Estate, LLC
Mls Name: My State MLS
Mls ID: #11411889