104 Oak StHomerLA71040
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.77% yield at 104 Oak St, Homer, LA, 71040 in Homer is solid, but the $697/mo payment compresses net cash flow to $173/mo at $155,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $42,824 by year five, and $1,428/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.63) without U.S. income documentation. Total projected return: $69,930.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $173 | $800 |
City averages based on Homer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,133 |
| Total Monthly Debt Service | $898 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71040, Homer, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,794 (100%) |
| Owner Occupied HU | 2,144 (56.5%) |
| Renter Occupied HU | 768 (20.2%) |
| Vacant Housing Units | 882 (23.2%) |
| Median Home Value | $90,294 |
| Average Home Value | $138,080 |
Housing Distribution
Address Breakdown
Residential
3,419
Single Family
3,418
Multi-Family
1
Businesses
311
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
Single Family
Built in 1965
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71040, Homer, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,794 (100%) |
| Owner Occupied HU | 2,144 (56.5%) |
| Renter Occupied HU | 768 (20.2%) |
| Vacant Housing Units | 882 (23.2%) |
| Median Home Value | $90,294 |
| Average Home Value | $138,080 |
Housing Distribution
Address Breakdown
Residential
3,419
Single Family
3,418
Multi-Family
1
Businesses
311
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices