309 Melody DrHoumaLA70363
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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 309 Melody Dr, Houma, LA, 70363 with 5% annual appreciation on a $175,000 basis while $1,391/mo rent supports operations. Total monthly income totals $1,391/mo and a $857/mo payment preserves $307/mo for cash returns. Annual cash flow comes to $3,678/yr on $58,013 deployed, and return on cash invested reaches 26.25% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 9.54%. Five-year ROI measures 136.89% and total cumulative return in cash totals $79,411.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,391/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
6,534 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: Tera Liner • CHT Group Real Estate, LLC
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025000106
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.