119 Farmington CtHoumaLA70364
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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 119 Farmington Ct, Houma, LA, 70364 with 5% annual appreciation on a $518,000 basis while $2,760/mo rent supports operations. 43% in year one. Equity gained on principal adds $3,343/yr, and five-year appreciation sums $143,114 alongside rental yield of 6.39%. Five-year ROI measures 79.31% and total cumulative return in cash totals $135,163. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,760/mo property income versus a $2,535/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
N/A lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70364, Houma, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,921 (100%) |
| Owner Occupied HU | 8,063 (62.4%) |
| Renter Occupied HU | 3,516 (27.2%) |
| Vacant Housing Units | 1,342 (10.4%) |
| Median Home Value | $211,709 |
| Average Home Value | $236,925 |
Housing Distribution
Address Breakdown
Residential
11,921
Single Family
11,044
Multi-Family
877
Businesses
615
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