104 Oak StHomerLA71040
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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 Homer at 104 Oak St, Homer, LA, 71040 earns $173/mo cash flow from $1,133/mo rent with a $759/mo payment. Total monthly income totals $1,133/mo, and annual cash flow totals $2,070/yr on $51,383 capital. ROI tracks 23.94% on current figures, and rental yield reads 8.77% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 124.51% and total cumulative return in cash sums $63,976. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,133/mo property income instead of your personal income.
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
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