423 Rue EvangelineHoumaLA70364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 423 Rue Evangeline, Houma, LA, 70364 at $272,495 posts ROI 21.79% with $142/mo cash flow from $1,839/mo rent. Total monthly income equals $1,839/mo, and annual cash flow records $1,699/yr on $90,332 to close. Return on cash invested measures 21.79% and rental yield reads 8.1% at the current $272,495. Equity gained on principal adds $1,758/yr, and 5% annual appreciation supports $75,285 by year five. Five-year ROI prints 112.99% and total cumulative return in cash totals $102,064.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,839/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
7,492 sqft lot
$N/A/sqft
$110 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Saun Sullivan • Cicero Realty, LLC
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024018002
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.