248 Owl Dr, Houma, LA, 70364 | $853/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Houma at 248 Owl Dr, Houma, LA, 70364 offers a 10.76% rental yield on a $307,880 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,507/mo payment leaves $853/mo available for distribution. Annual cash flow reaches $10,233/yr on $102,062 to close, and return on cash invested stands at 29.94% in year one. Equity gained on principal adds $1,987/yr while 5% annual appreciation supports $85,062 over five years. Portfolio math shows five-year ROI at 156.62% and total cumulative return in cash at $159,854. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,507/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

7,800 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