203 Fairmont DrHoumaLA70360
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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 203 Fairmont Dr, Houma, LA, 70360 priced at $119,900 converts $943/mo rent into $200/mo cash flow after a $587/mo obligation. Total monthly income equals $943/mo, and annual cash flow totals $2,402/yr on $39,747 invested. Return on cash invested prints 25.95% in year one, and rental yield reads 9.44% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 135.38% and total cumulative return in cash sums $53,808. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $943/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1977
1 Acres 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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