1400 Maple 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
Rental property for sale in Morgan City at 1400 Maple St, Morgan City, LA, 70380 generates $2,461/mo in rent and, after a $1,711/mo payment, leaves $296/mo in cash flow. Total monthly income is $2,461/mo, and annual cash flow is $3,548/yr on $115,859 invested. Return on cash invested sits at 22.97% in year one, and rental yield is 8.45% on a $349,500 entry. Equity gained on principal adds $2,255/yr, while 5% annual appreciation builds toward $96,560 over five years. Five-year ROI reaches 119.28% and total cumulative return in cash sums $138,193. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,461/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
8,276 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: Grace Eisenman • Simon Real Estate, LLC
Mls Name: My State MLS
Mls ID: #11583582