1501 Cedar 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 1501 Cedar St, Morgan City, LA, 70380 earns $631/mo cash flow from $2,372/mo rent with a $1,361/mo payment. Total monthly income totals $2,372/mo, and annual cash flow totals $7,576/yr on $92,157 capital. ROI tracks 28.13% on current figures, and rental yield reads 10.24% at a $278,000 purchase. Equity gained on principal adds $1,794/yr, and 5% annual appreciation supports $76,806 over five years. Five-year ROI reaches 147.05% and total cumulative return in cash sums $135,521. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,372/mo property income instead of your personal income.
Single Family
Built in 1960
3,920 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: #11496519