299 Authement StHoumaLA70363
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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 299 Authement St, Houma, LA, 70363 uses $33,979 cash to close to unlock $2,133/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $813/mo, and a $502/mo payment keeps the spread at $178/mo. Purchase price stands at $102,500, and rental yield measures 9.52% with $813/mo rent. Return on cash invested shows 26.19% in year one, and 5% annual appreciation builds toward $28,319 over five years. Five-year ROI reaches 136.52% and total cumulative return in cash records $46,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $813/mo property income covering a $502/mo payment rather than investor’s personal income.
Single Family
Built in 2002
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70363, Houma, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,051 (100%) |
| Owner Occupied HU | 6,191 (61.6%) |
| Renter Occupied HU | 2,660 (26.5%) |
| Vacant Housing Units | 1,200 (11.9%) |
| Median Home Value | $160,689 |
| Average Home Value | $174,482 |
Housing Distribution
Address Breakdown
Residential
9,300
Single Family
8,672
Multi-Family
628
Businesses
726
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Listed by: Loretta Sullivan • COLDWELL BANKER LARUSSA REAL ESTATE
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024011901
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 ROAM MLS.