284 Walnut StHoumaLA70364
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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 Houma at 284 Walnut St, Houma, LA, 70364 generates $986/mo in rent and, after a $612/mo payment, leaves $212/mo in cash flow. Total monthly income is $986/mo, and annual cash flow is $2,538/yr on $41,438 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.47% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 135.74% and total cumulative return in cash sums $56,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $986/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.53 Acres 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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