23 S Cane CirHoumaLA70360
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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 23 S Cane Cir, Houma, LA, 70360 with 5% annual appreciation on a $182,600 basis while $2,513/mo rent supports operations. Total monthly income totals $2,513/mo and a $894/mo payment preserves $1,332/mo for cash returns. Annual cash flow comes to $15,981/yr on $60,532 deployed, and return on cash invested reaches 46.31% in year one. Equity gained on principal adds $1,178/yr, and five-year appreciation sums $50,449 alongside rental yield of 16.51%. Five-year ROI measures 244.8% and total cumulative return in cash totals $148,181.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,513/mo property income versus a $894/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
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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