114 Morningside StNew RoadsLA70760
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 New Roads at 114 Morningside St, New Roads, LA, 70760 priced at $157,500 converts $834/mo rent into after a $771/mo obligation. Total monthly income equals $834/mo. Return on cash invested prints 16.65% in year one, and rental yield reads 6.35% against a $157,500 entry. Equity gained on principal adds $1,016/yr, while 5% annual appreciation compiles into $43,514 by year five. Five-year ROI reaches 85.45% and total cumulative return in cash sums $44,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $834/mo property income covering a $771/mo payment, not borrower’s personal income.
Single Family
Built in 1960
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70760, New Roads, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,365 (100%) |
| Owner Occupied HU | 1,698 (50.5%) |
| Renter Occupied HU | 1,005 (29.9%) |
| Vacant Housing Units | 662 (19.7%) |
| Median Home Value | $206,790 |
| Average Home Value | $240,428 |
Housing Distribution
Address Breakdown
Residential
2,730
Single Family
2,646
Multi-Family
84
Businesses
394
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices