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$200,000
For Sale - Active
252 Walnut St, Houma, LA 70364
3 Beds
2.0 Baths
1,471 Square Feet
0.10 Acres Lot
Built in 1957
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: May 15, 2025 at 09:00AM
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
- $20
- Cap Rate
- 5.8%
- Cash-on-Cash Return
- 0.5%
- Debt Coverage Ratio
- 1.02
- Internal Rate of Return (5 years)
- 4.5%
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
0.10 Acres Lot
Built in 1957
For Sale - Active
Units n/a
Step inside this charming 3-bedroom, 2-bath cottage-style home and fall in love with its inviting warmth and character. Hardwood floors flow throughout, creating a timeless appeal, while granite countertops in the kitchen and baths add a touch of elegance. The well-designed layout ensures comfortable living, making this home perfect for entertaining or relaxing after a long day. Outside, the fenced-in backyard is a private retreat, featuring a mature fig tree that offers fresh fruit and shade, along with a convenient storage shed for all your outdoor essentials. A covered carport provides protection for your vehicle, adding to the home’s practicality. The roof was updated just three years ago, giving you peace of mind for years to come. But what truly sets this home apart is its location. Situated within walking distance of a beautiful park and a marina, you’ll have easy access to outdoor recreation, whether you enjoy a morning jog, an afternoon picnic, or an evening stroll by the water. This home perfectly blends modern upgrades with classic charm, offering a cozy yet functional space to call your own. Whether you’re looking for your first home, downsizing, or simply seeking a peaceful retreat in a great neighborhood, this property has everything you need. Don’t miss your chance to own this gem—schedule your showing today!
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Location
Property Details
Parking
- Details: Carport
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Stories: 1
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 23307
- Lot Size: 4356 sqft
Property Information
- Property Type: Single Family Residence
- Style: Cottage
- Year Built: 1957
Tax Information
- Annual Tax: $0
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air
Location
- County: Terrebonne Parish
Show More
Listing Details
Listed by:
Christena Boudreaux
Real Broker, LLC
[emailprotected]
(855) 450-0442
Source:
Greater Baton Rouge Association of REALTORS
MLS#: 2025002327
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
- $20
- Cap Rate
- 5.8%
- Cash-on-Cash Return
- 0.5%
- Debt Coverage Ratio
- 1.02
- Internal Rate of Return (5 years)
- 4.5%
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Analysis Customize Inputs
Purchase Details
Find an Agent| The price paid for the property.
Purchase price: | $200,000 |
|---|---|
| The amount of the purchase financed through a loan.
Amount financed: | -$160,000 |
| The initial payment made towards the purchase.
Down payment: | $40,000 |
| Fees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes.
Closing costs: | $6,000 |
| Costs incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc.
Rehab costs: | $0 |
| The total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs
Initial cash invested: | $46,000 |
| The total square footage of the property.
Square feet: | 1,471 |
| Cost per square foot of the property. Calculation:Purchase Price / Square Feet
Cost per square foot: | $136 |
| Monthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet
Monthly rent per square foot: | $0.95 |
Financing Details
Find a Lender| The total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount: | $160,000 |
|---|---|
| Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio: | 80.0% |
| The type of loan (e.g., fixed, adjustable).
Loan type: | Amortizing |
| The loan repayment period in years.
Term: | 30 years |
| The percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate: | 5.875% |
| The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where: P = Loan amount (principal)
Principal & interest: | $946 |
| Annual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax: | $0 |
| The costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance: | $98 |
| A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI): | $0 |
| The fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed.
Monthly payment: | $1,044 |
Operating Income
Find a Property Manager| % Rent | Monthly | Yearly | |
|---|---|---|---|
| The total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent: | $1,400 | $16,800 | |
| Expected loss of rent due to vacancies.
Vacancy loss: (6%) | 6% | -$84 | -$1,008 |
| Gross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income: | $1,316 | $15,792 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Annual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property Taxes Missing: We noticed that property taxes are missing—these are standard expenses and should be considered in your estimate.
| n/a | n/a | n/a |
The costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
| 7% | -$98 | -$1,176 |
The costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income.
| 8% | -$112 | -$1,344 |
Ongoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition.
| 5% | -$70 | -$840 |
Large, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age.
| 5% | -$70 | -$840 |
Regular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc.
| n/a | n/a | n/a |
Recurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees
| 25% | -$350 | -$4,200 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
| The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income: | $966 | $11,592 |
| The fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed.
| -$946 | -$11,352 |
| Net Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments
| $20 | $240 |
