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$279,000

For Sale - Active
11 Austin Dr, Houma, LA 70360
5 Beds
3 Baths
2,710 Square Feet
0.00 Acres Lot
Built in 1957
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Aug 06, 2025 at 01:23AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$129
Cap Rate
6.2%
Cash-on-Cash Return
2.4%
Debt Coverage Ratio
1.10
Internal Rate of Return (5 years)
6.3%

Property Description


0.00 Acres Lot
Built in 1957
For Sale - Active
Units n/a

KING SIZE COMFORT CAN BE FOUND IN THIS MULBERRY HEIGHTS BEAUTY !!! Towering solid oaks provide shaded comfort over this spacious 2 story home on 2 lots with front & rear access. TONS of curb appeal with it's lush landscaping & cozy covered front porch. Tile through out...NO CARPET allows for low maintenance. Meal prep is a breeze in the HUGE eat-in kitchen with tons of cabinet & counter space, stainless appliances including gas range. Relaxing screened in patio is great for outdoor entertaining. Plenty of room for backyard play in the privacy fenced backyard & abundance of parking is an added bonus. *** Roof & fence replaced in 2022 *** Generac whole house generator 2020 *** 1 of the 2 HVAC's replace 2024.

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Location


Property Details


Parking

  • Details: Carport, Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 38794
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1957

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Terrebonne Parish

Listing Details


Listed by:
Maribel Morgan
LATTER & BLUM (LATT14)
(985) 641-1000

Source:
Gulf South Real Estate Information Network
MLS#: 2496596
Gulf South Real Estate Information Network

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$129
Cap Rate
6.2%
Cash-on-Cash Return
2.4%
Debt Coverage Ratio
1.10
Internal Rate of Return (5 years)
6.3%

Purchase Details

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Purchase price:
$279,000
Amount financed:
-$223,200
Down payment:
$55,800
Closing costs:
$8,370
Rehab costs:
$0
Initial cash invested:
$64,170
Square feet:
2,710
Cost per square foot:
$103
Monthly rent per square foot:
$0.77

Financing Details

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Loan amount:
$223,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,320
Property tax:
$0
Insurance:
$147
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,467

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,100 $25,200
Vacancy loss: (6%)
6% -$126 -$1,512
Operating income:
$1,974 $23,688

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$147-$1,764
Property management: (8%)
8%-$168-$2,016
Repairs & maintenance: (5%)
5%-$105-$1,260
Capital expenditures: (5%)
5%-$105-$1,260
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$525-$6,300

Cash Flow


Monthly Yearly
Net operating income:
$1,449 $17,388
Mortgage payments:
-$1,320 -$15,840
Cash flow:
$129 $1,548