404 Venus StMorgan 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
Rental property for sale in Morgan City at 404 Venus St, Morgan City, LA, 70380 priced at $225,000 converts $1,674/mo rent into $281/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,674/mo, and annual cash flow totals $3,366/yr on $74,588 invested. Return on cash invested prints 24.42% in year one, and rental yield reads 8.93% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 127.08% and total cumulative return in cash sums $94,785. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,674/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1970
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: Glen Elliott • ASSOCIATES OF PREFERRED REALTY
Mls Name: ROAM MLS
Mls ID: #2025019739