1615 Saint Charles 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
Rental property for sale in Houma at 1615 Saint Charles St, Houma, LA, 70360 generates $1,782/mo in rent and, after a $1,258/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,782/mo, and annual cash flow is $2,022/yr on $85,196 invested. Return on cash invested sits at 22.28% in year one, and rental yield is 8.32% on a $257,000 entry. Equity gained on principal adds $1,658/yr, while 5% annual appreciation builds toward $71,004 over five years. Five-year ROI reaches 115.71% and total cumulative return in cash sums $98,580. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,782/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
9,147 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: Melanie Rogers Bruce • KELLER WILLIAMS REALTY BAYOU P
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025005252
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.