134 Lake Mechant CtHoumaLA70360
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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 134 Lake Mechant Ct, Houma, LA, 70360 offers a 7.86% rental yield on a $375,000 purchase with $2,455/mo rent. Total monthly income registers $2,455/mo, and a $1,835/mo payment leaves $62/mo available for distribution. Annual cash flow reaches $739/yr on $124,313 to close, and return on cash invested stands at 20.5% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 106.29% and total cumulative return in cash at $132,135. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,455/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.34 Acres lot
$N/A/sqft
$600 annually 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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Listed by: Melanie Rogers Bruce • KELLER WILLIAMS REALTY BAYOU P
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025008290
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 ROAM MLS.