207 Coleman RdHomerLA71040
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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 Homer at 207 Coleman Rd, Homer, LA, 71040 offers $3,308/mo rent that, after a $7,733/mo payment. Total monthly income is $3,308/mo. Return on cash invested measures 5.18% in year one, and rental yield stands at 2.51% at a $1,580,000 entry. Equity gained on principal adds $10,195/yr while 5% annual appreciation compounds into $436,525 by year five. Five-year ROI records 23.78% and total cumulative return in cash reaches $121,716. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,308/mo property income versus a $7,733/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71040, Homer, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,794 (100%) |
| Owner Occupied HU | 2,144 (56.5%) |
| Renter Occupied HU | 768 (20.2%) |
| Vacant Housing Units | 882 (23.2%) |
| Median Home Value | $90,294 |
| Average Home Value | $138,080 |
Housing Distribution
Address Breakdown
Residential
3,419
Single Family
3,418
Multi-Family
1
Businesses
311
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