112 Odelia CirHoumaLA70363
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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
Rental property for sale in Houma at 112 Odelia Cir, Houma, LA, 70363 priced at $121,400 converts $920/mo rent into $168/mo cash flow after a $594/mo obligation. Total monthly income equals $920/mo, and annual cash flow totals $2,018/yr on $40,244 invested. Return on cash invested prints 24.92% in year one, and rental yield reads 9.09% against a $121,400 entry. Equity gained on principal adds $783/yr, while 5% annual appreciation compiles into $33,541 by year five. Five-year ROI reaches 129.86% and total cumulative return in cash sums $52,263. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $920/mo property income covering a $594/mo payment, not borrower’s personal income.
Single Family
Built in 1979
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70363, Houma, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,051 (100%) |
| Owner Occupied HU | 6,191 (61.6%) |
| Renter Occupied HU | 2,660 (26.5%) |
| Vacant Housing Units | 1,200 (11.9%) |
| Median Home Value | $160,689 |
| Average Home Value | $174,482 |
Housing Distribution
Address Breakdown
Residential
9,300
Single Family
8,672
Multi-Family
628
Businesses
726
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