3605 Thomas 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
Rental property for sale in Houma at 3605 Thomas Dr, Houma, LA, 70363 offers $1,500/mo rent that, after a $1,957/mo payment. Total monthly income is $1,500/mo. Return on cash invested measures 11.07% in year one, and rental yield stands at 4.5% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 55.45% and total cumulative return in cash reaches $73,508. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
435.60 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: Ashley Brown • 1ST PRIORITY REAL ESTATE, LLC
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025005284
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.