6793 Morgan RdGreenwell SpringsLA70739
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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 Greenwell Springs at 6793 Morgan Rd, Greenwell Springs, LA, 70739 uses $53,040 cash to close to unlock $2,688/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,215/mo, and a $783/mo payment keeps the spread at $224/mo. Purchase price stands at $160,000, and rental yield measures 9.11% with $1,215/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 130.03% and total cumulative return in cash records $68,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,215/mo property income covering a $783/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70739, Greenwell Springs, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,146 (100%) |
| Owner Occupied HU | 4,207 (81.8%) |
| Renter Occupied HU | 627 (12.2%) |
| Vacant Housing Units | 312 ( 6.1%) |
| Median Home Value | $338,798 |
| Average Home Value | $384,306 |
Housing Distribution
Address Breakdown
Residential
5,102
Single Family
4,918
Multi-Family
184
Businesses
175
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Listed by: Scooter Morris • Magnolia Roots Realty LLC
Mls Name: ROAM MLS
Mls ID: #2025018728