Norris IV A Plan, Parc Evangeline, Houma, LA, 70364 | $262/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Houma at Norris IV A Plan, Parc Evangeline, Houma, LA, 70364 priced at $262,990 pairs $1,891/mo rent with $262/mo cash flow after a $1,287/mo payment. Total monthly income equals $1,891/mo, and annual cash flow comes to $3,145/yr on $87,181 invested. Return on cash invested is 23.52% in year one, and rental yield stands at 8.63% on a $262,990 basis. Equity gained on principal adds $1,697/yr, and 5% annual appreciation accumulates to $72,659 by year five. Five-year ROI measures 122.25% and total cumulative return in cash reaches $106,580. For financing, Ziffy Mortgage’s DSCR program evaluates $1,891/mo property income against a $1,287/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2026

N/A 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