307 Myrtle 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 307 Myrtle St, Houma, LA, 70363 uses $49,394 cash to close to unlock $2,872/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,162/mo, and a $729/mo payment keeps the spread at $239/mo. Purchase price stands at $149,000, and rental yield measures 9.36% with $1,162/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 134.09% and total cumulative return in cash records $66,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,162/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1975
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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