3031 Barrow St APT 6HoumaLA70360
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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 3031 Barrow St APT 6, Houma, LA, 70360 generates $1,722/mo in rent, after a $1,361/mo payment. Total monthly income is $1,722/mo. Return on cash invested sits at 19.9% in year one, and rental yield is 7.43% on a $278,000 entry. Equity gained on principal adds $1,794/yr, while 5% annual appreciation builds toward $76,806 over five years. Five-year ROI reaches 102.83% and total cumulative return in cash sums $94,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,722/mo property income rather than buyer’s personal income.
Condo
Built in 2002
2,352 sqft 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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