1409 Lee AveHoumaLA70360
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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 1409 Lee Ave, Houma, LA, 70360 generates $869/mo in rent and, after a $538/mo payment, leaves $188/mo in cash flow. Total monthly income is $869/mo, and annual cash flow is $2,256/yr on $36,465 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 9.48% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 135.98% and total cumulative return in cash sums $49,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $869/mo property income rather than buyer’s personal income.
Single Family
Built in 1943
5,662 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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Listed by: Heather Abadie • KELLER WILLIAMS REALTY BAYOU PARTNERS
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024009357
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.