514 Louisa 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 514 Louisa St, Morgan City, LA, 70380 offers a 9.41% rental yield on a $135,000 purchase with $1,059/mo rent. Total monthly income registers $1,059/mo, and a $661/mo payment leaves $223/mo available for distribution. Annual cash flow reaches $2,670/yr on $44,753 to close, and return on cash invested stands at 25.88% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 134.88% and total cumulative return in cash at $60,361. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,059/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
4,299 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: Lori Broussard • Real Broker, LLC
Mls Name: RAA
Mls ID: #2020023615