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$160,000

For Sale - Active
302 Troy St, Houma, LA 70363
3 Beds
2 Baths
1,250 Square Feet
0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 18, 2025 at 03:03AM

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
$128
Cap Rate
7.2%
Cash-on-Cash Return
4.2%
Debt Coverage Ratio
1.15
Internal Rate of Return (5 years)
8.1%

Property Description


0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a

Welcome to this cute and cozy 3-bedroom, 1.5-bath home that's full of charm and convenience! Tucked in a great location close to restaurants and shopping, this home offers easy living and a lifestyle you’ll love. Step inside to find a bright, welcoming layout with three comfortable bedrooms and a convenient half bath located in the primary bedroom—perfect for added privacy. The spacious backyard is ideal for entertaining, gardening, or just relaxing on sunny afternoons. Whether you're a first-time buyer, downsizing, or looking for a great investment, this gem has so much potential. Don’t miss out—schedule your showing today! (Buyer to verify and confirm sq ft of home and property and also flood zone designation).

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Location


Property Details


Parking

  • Details: Attached, Carport, Covered
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Foundation: Slab

Land Information

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

Lot Information

  • Parcel ID: 18408
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1971

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Terrebonne Parish

Listing Details


Listed by:
Shantal Louviere
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400

Source:
Greater Baton Rouge Association of REALTORS
MLS#: 2025006543
Greater Baton Rouge Association of REALTORS

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
$128
Cap Rate
7.2%
Cash-on-Cash Return
4.2%
Debt Coverage Ratio
1.15
Internal Rate of Return (5 years)
8.1%

Purchase Details

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Purchase price:
$160,000
Amount financed:
-$128,000
Down payment:
$32,000
Closing costs:
$4,800
Rehab costs:
$0
Initial cash invested:
$36,800
Square feet:
1,250
Cost per square foot:
$128
Monthly rent per square foot:
$1.12

Financing Details

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Loan amount:
$128,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$838
Property tax:
$0
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$936

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$350-$4,200

Cash Flow


Monthly Yearly
Net operating income:
$966 $11,592
Mortgage payments:
-$838 -$10,056
Cash flow:
$128 $1,536