203 Rue D IbervilleHoumaLA70360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rue D Iberville, Houma, LA, 70360 offers $1,530/mo rent that, after a $775/mo payment, leaves $549/mo cash flow. Total monthly income is $1,530/mo, and annual cash flow is $6,589/yr on $52,510 cash. Return on cash invested measures 32.46% in year one, and rental yield stands at 11.59% at a $158,400 entry. Equity gained on principal adds $1,022/yr while 5% annual appreciation compounds into $43,763 by year five. Five-year ROI records 170.24% and total cumulative return in cash reaches $89,391. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,530/mo property income versus a $775/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1998
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices