Great location in Houma, LA!!

253 Palm Ave, Houma, LA 70364

$150,000 After Repair Value -
$69,900 Asking Price -
$35,000 Cost of Repairs =
$45,100 Potential Profit

Property Details

Asking Price $69,900

After Repair Value $150,000

Costs of Repairs $35,000

Potential Profit $45,100

Living Area 1180 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $1,200

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income N/A

Cap Rate N/A

Property Description

This property is walking distance to a large hospital which would make an excellent long-term or short-term rental. The property features a large extra room which could be easily converted into an extra bedroom, office, or both! The ARV is $150,000 and comparable homes in the area rent for $1100 - $1200 / month. The house needs work, but has an excellent floorplan. There is a large backyard and new construction next door. The exterior home is in fairly good shape and the roof is only 2 years old!

Repairs Needed

The interior of the home would need a full remodel. The exterior is in fairly good shape and the roof is only 2 years old.


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