116 Field 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
Investment property for sale in Morgan City at 116 Field Rd, Morgan City, LA, 70380 listed at $107,000 pairs $844/mo rent with a $524/mo payment to leave $181/mo cash flow. Total monthly income runs $844/mo, and annual cash flow reaches $2,171/yr on $35,471 cash to close. Return on cash invested measures 26.03% in year one, and rental yield registers 9.47% at a $107,000 basis. Equity gained on principal adds $690/yr, and annual property appreciation at 5% supports $29,562 by year five. Five-year ROI tracks 135.71% and total cumulative return in cash totals $48,138. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $844/mo property income relative to a $524/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
4,356 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: Brooks Richard • Anslum Real Estate, LLC
Mls Name: ROAM MLS
Mls ID: #2025012945