1108 Goode StHoumaLA70360
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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 Houma at 1108 Goode St, Houma, LA, 70360 earns $170/mo cash flow from $882/mo rent with a $563/mo payment. Total monthly income totals $882/mo, and annual cash flow totals $2,034/yr on $38,123 capital. ROI tracks 25.24% on current figures, and rental yield reads 9.2% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 131.54% and total cumulative return in cash sums $50,145. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $882/mo property income instead of your personal income.
Single Family
Built in 1975
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70360, Houma, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,410 (100%) |
| Owner Occupied HU | 7,442 (60.0%) |
| Renter Occupied HU | 3,559 (28.7%) |
| Vacant Housing Units | 1,409 (11.4%) |
| Median Home Value | $307,752 |
| Average Home Value | $407,854 |
Housing Distribution
Address Breakdown
Residential
11,883
Single Family
9,729
Multi-Family
2,154
Businesses
1,715
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