$88,000

5 Beds   3 Baths   Single-Family
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Federal Ave
Morgan City, LA 70380

Potential Profit

$131,345

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Status: Inactive
Listing ID: 58978100

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Property Information

  • Price: $88,000
  • Bedrooms: 5
  • Bathrooms: 3
  • Year Built: 1951
  • Day(s) On Site: 73
  • Property Type: Single Family Dwelling

VA Home

U.S. Department of Veterans Affairs (VA) is a federal agency that guarantees mortgages to homeowners who have served in the armed forces /military. Therefore, when banks foreclose on VA-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at drastically-reduced prices to the public. Fast approval for veterans and lowest possible fixed-rate mortgages!

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Rental Value

The estimated rental value for Federal Ave located in Morgan City, LA is $1,220/month. Comparable homes around Federal Ave that are rentals have monthly ranges starting as low as $1,072 per month and as high as $1,400 per month. An owner looking to use this property as an investment could bring a return in the area of $1,072 - $1,400 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
12/07/22 12/21/22 Foreclosure
08/08/22 09/21/22 Preforeclosure

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Homes On This Street
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Federal Ave
Morgan City, LA 70380

5 Beds   3 Baths   Single-Family

$88,000

Status: Inactive Listing ID: 58978100

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Federal-Ave-Morgan-City-LA-70380/58978100_lid

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