310 Morrison AveHoumaLA70364
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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 310 Morrison Ave, Houma, LA, 70364 uses $49,692 cash to close to unlock $7,202/yr annual cash flow and $600/mo monthly cash flow. Total monthly income runs $1,529/mo, and a $734/mo payment keeps the spread at $600/mo. Purchase price stands at $149,900, and rental yield measures 12.24% with $1,529/mo rent. Return on cash invested shows 34.4% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 180.68% and total cumulative return in cash records $89,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
4,791 sqft 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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Listed by: Clara Champagne • KELLER WILLIAMS REALTY BAYOU P
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025012177
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.