213 Mercury RdMorgan CityLA70380
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
Investment property for sale in Morgan City at 213 Mercury Rd, Morgan City, LA, 70380 uses $41,438 cash to close to unlock $2,178/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $956/mo, and a $612/mo payment keeps the spread at $182/mo. Purchase price stands at $125,000, and rental yield measures 9.18% with $956/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 131.08% and total cumulative return in cash records $54,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $956/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1984
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Anslum • Anslum Real Estate, LLC
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024016284
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 ROAM MLS.