223 Henry StMorgan CityLA70392
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 Morgan City at 223 Henry St, Morgan City, LA, 70392 priced at $155,000 pairs $1,200/mo rent with $240/mo cash flow after a $759/mo payment. Total monthly income equals $1,200/mo, and annual cash flow comes to $2,874/yr on $51,383 invested. Return on cash invested is 25.5% in year one, and rental yield stands at 9.29% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 132.87% and total cumulative return in cash reaches $68,272. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in N/A
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70392, Patterson, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,602 (100%) |
| Owner Occupied HU | 2,219 (61.6%) |
| Renter Occupied HU | 958 (26.6%) |
| Vacant Housing Units | 425 (11.8%) |
| Median Home Value | $155,885 |
| Average Home Value | $217,986 |
Housing Distribution
Address Breakdown
Residential
2,577
Single Family
2,569
Multi-Family
8
Businesses
202
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Nearby investment properties with comparable prices
Listed by: Shayna Henry • NextHome Cutting Edge Realty
Mls Name: RAA
Mls ID: #2020023898