Norris IV B Plan, Parc 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 Norris IV B Plan, Parc Evangeline, Houma, LA, 70364 offers a 8.35% rental yield on a $262,990 purchase with $1,830/mo rent. Total monthly income registers $1,830/mo, and a $1,287/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,413/yr on $87,181 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $1,697/yr while 5% annual appreciation supports $72,659 over five years. Portfolio math shows five-year ROI at 117.74% and total cumulative return in cash at $102,644. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $1,287/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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 |
Housing Distribution
Address Breakdown
Residential
11,921
Single Family
11,044
Multi-Family
877
Businesses
615
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