215 Palm AveHoumaLA70364
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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
Investment property for sale in Houma at 215 Palm Ave, Houma, LA, 70364 uses $42,797 cash to close to unlock $2,834/yr annual cash flow and $236/mo monthly cash flow. Total monthly income runs $1,036/mo, and a $632/mo payment keeps the spread at $236/mo. Purchase price stands at $129,100, and rental yield measures 9.63% with $1,036/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $35,668 over five years. Five-year ROI reaches 138.48% and total cumulative return in cash records $59,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,036/mo property income covering a $632/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70364, Houma, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,921 (100%) |
| Owner Occupied HU | 8,063 (62.4%) |
| Renter Occupied HU | 3,516 (27.2%) |
| Vacant Housing Units | 1,342 (10.4%) |
| Median Home Value | $211,709 |
| Average Home Value | $236,925 |
Housing Distribution
Address Breakdown
Residential
11,921
Single Family
11,044
Multi-Family
877
Businesses
615
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