124 Prince Collins Ave · Houma, LA 70364

$125,000

4 bd · 1.5 ba · 1,638 sqft · Other public records · 201 Days on market

Built 1971 4,791 sqft lot $76/sqft · 19% below area Est $128k · at est.

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.9/30.0
• DSCR +10.0/10.0
• ARV discount +8.5/15.0
• 1% rule +7.3/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Price drop! Sellers are also offering closing cost with full price offer. This is an opportunity for investors or first-time homebuyers! This well-maintained 4-bedroom, 1.5-bath home is currently tenant-occupied and generating $1,400/month in rental income, offering immediate cash flow. First Time Home Buyers take advantage of this opportunity to secure a home with a mortgage below $1200. Located in Flood Zone X, the property features several updates, including an updated interior and a roof less than one year old. With spacious bedrooms and a functional layout, this home delivers both comfort and value. FHA, VA, and RD approved. Don't miss this affordable, turnkey investment or starter home!

Key facts

• Flood zone x
• Updated interior
• 4,791 sq ft lot

Tags

• UPDATED INTERIOR
• ROOF LESS THAN ONE YEAR OLD
• FLOOD ZONE X

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath other listed at $125k.

Deal economics

• At list price, monthly cash flow is $463 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 4.0% in Houma — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#165 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: employment D, crime D-, amenities F.
• Terrebonne Parish (other): math 32% / reading 46% proficiency, ranked #23 of 98 in LA (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Legion Park Elementary School (math 17% / reading 32%, grade F, #384 of 646 statewide, top 62%, 283 students, 81% FRL); Houma Junior High School (math 23% / reading 49%, grade F, #84 of 218 statewide, top 41%, 729 students, 56% FRL); Terrebonne High School (math 38% / reading 41%, grade F, #80 of 265 statewide, top 32%, 1,386 students, 49% FRL) — zoned schools at 62% FRL track the district average.
• Market conditions: 313 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 300 units permitted in Terrebonne Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 201 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y ago; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 201 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 10.74%
• Cash-on-cash: 15.89%
• DSCR: 1.71
• GRM: 6.8

CMA / ARV

• ARV (median comp): $127,981
• List price: $125,000
• Delta: -2.33%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.8%
• Equity multiple: 1.26×
• Total profit: $9,217
• Equity at exit: $18,638

10-year hold

• IRR: 16.1%
• Equity multiple: 2.31×
• Total profit: $45,851
• Equity at exit: $10,808

Cash invested: $35,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70364

• Active inventory: 313
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,539 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$45 /mo · $541/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $463

Break-even live

Break-even rent $953

Max offer price $125,000

Occupancy floor 65%

Sensitivity live

Price	-10% $534	-5% $499	+0% $463	+5% $428	+10% $393
Rent	-10% $342	-5% $403	+0% $463	+5% $524	+10% $585
Rate	-1.0pp $526	-0.5pp $495	base $463	+0.5pp $431	+1.0pp $398

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
735 A School St Unit A Houma, LA	3.0	2.0	1450	$1,600	$1.10	45d	1	0.77mi
717 Wood St Houma, LA	3.0	2.0	1534	$1,300	$0.85	45d	1	0.77mi
179 Garnet St Unit B Houma, LA	3.0	1.0	1100	$1,200	$1.09	45d	1	1.02mi

Listing history 28 events

1. 2026-06-21
   days on market $125,000 Active 201 DOM
2. 2026-06-19
   days on market $125,000 Active 199 DOM
3. 2026-06-18
   days on market $125,000 Active 198 DOM
4. 2026-06-17
   days on market $125,000 Active 197 DOM
5. 2026-06-16
   days on market $125,000 Active 196 DOM
6. 2026-06-15
   days on market $125,000 Active 195 DOM
7. 2026-06-14
   days on market $125,000 Active 193 DOM
8. 2026-06-13
   days on market $125,000 Active 192 DOM
9. 2026-06-10
   days on market $125,000 Active 190 DOM
10. 2026-06-09
    days on market $125,000 Active 189 DOM
11. 2026-06-08
    days on market $125,000 Active 188 DOM
12. 2026-06-07
    days on market $125,000 Active 187 DOM
13. 2026-06-05
    days on market $125,000 Active 184 DOM
14. 2026-06-03
    days on market $125,000 Active 183 DOM
15. 2026-06-02
    days on market $125,000 Active 182 DOM
16. 2026-06-01
    days on market $125,000 Active 181 DOM
17. 2026-05-31
    days on market $125,000 Active 180 DOM
18. 2026-05-30
    days on market $125,000 Active 179 DOM
19. 2026-03-03
    price $135,000 701-char remark

    Show marketing remark (707 chars)

    Price drop! Sellers are also offering closing cost with full price offer. This is an opportunity for investors or first-time homebuyers! This well-maintained 4-bedroom, 1.5-bath home is currently tenant-occupied and generating $1,400/month in rental income, offering immediate cash flow. First Time Home Buyers take advantage of this opportunity to secure a home with a mortgage below $1200. Located in Flood Zone X, the property features several updates, including an updated interior and a roof less than one year old. With spacious bedrooms and a functional layout, this home delivers both comfort and value. FHA, VA, and RD approved. Don’t miss this affordable, turnkey investment or starter home!

20. 2026-03-03
    price $135,000 707-char remark

    Show marketing remark (707 chars)

    Price drop! Sellers are also offering closing cost with full price offer. This is an opportunity for investors or first-time homebuyers! This well-maintained 4-bedroom, 1.5-bath home is currently tenant-occupied and generating $1,400/month in rental income, offering immediate cash flow. First Time Home Buyers take advantage of this opportunity to secure a home with a mortgage below $1200. Located in Flood Zone X, the property features several updates, including an updated interior and a roof less than one year old. With spacious bedrooms and a functional layout, this home delivers both comfort and value. FHA, VA, and RD approved. Don’t miss this affordable, turnkey investment or starter home!

21. 2025-12-02
    listed $145,000 Active 701-char remark

    Show marketing remark (707 chars)

    Price drop! Sellers are also offering closing cost with full price offer. This is an opportunity for investors or first-time homebuyers! This well-maintained 4-bedroom, 1.5-bath home is currently tenant-occupied and generating $1,400/month in rental income, offering immediate cash flow. First Time Home Buyers take advantage of this opportunity to secure a home with a mortgage below $1200. Located in Flood Zone X, the property features several updates, including an updated interior and a roof less than one year old. With spacious bedrooms and a functional layout, this home delivers both comfort and value. FHA, VA, and RD approved. Don’t miss this affordable, turnkey investment or starter home!

22. 2025-12-02
    listed $145,000 Active 707-char remark

    Show marketing remark (707 chars)

    Price drop! Sellers are also offering closing cost with full price offer. This is an opportunity for investors or first-time homebuyers! This well-maintained 4-bedroom, 1.5-bath home is currently tenant-occupied and generating $1,400/month in rental income, offering immediate cash flow. First Time Home Buyers take advantage of this opportunity to secure a home with a mortgage below $1200. Located in Flood Zone X, the property features several updates, including an updated interior and a roof less than one year old. With spacious bedrooms and a functional layout, this home delivers both comfort and value. FHA, VA, and RD approved. Don’t miss this affordable, turnkey investment or starter home!

23. 2019-08-19
    listed $58,257
24. 2019-08-19
    listed $58,257
25. 2018-05-03
    soldstatus
26. 2017-04-20
    listed $60,200
27. 2017-04-20
    listed $60,200
28. 1995-08-25
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast LA · Resets to sale price

• Current annual tax: $541 · $45/mo
• Projected year-2 tax: $688 · $57/mo
• Expected delta: +$147/yr (+$12/mo · 27.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 54% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,473
• − Mortgage interest: −$7,002
• − Property taxes: −$541
• − Insurance: −$625
• − Repairs & maintenance: −$1,478
• − Management: −$1,478
• − Depreciation: −$3,636
• Taxable income: $3,713
• Est. tax owed @ 24.0%: −$891
• After-tax cash flow: $4,670/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Terrebonne Parish
• NCES district ID: 2201740
• Math proficiency: 32% ▼ -36.00%
• Reading proficiency: 46% ▼ -30.00%
• Median HH income: $47,612
• Composite: 33.38/100
• National rank: #5480
• State rank: #23 of 98 in LA

Livability — Houma

• Score: 64/100
• State rank: #165
• US rank: #13966

Category grades

Amenities F Commute F Cost of living A+ Crime D- Employment D Housing A Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Houma, LA
• County: Terrebonne Parish · 57,290 people
• City population: 57,290
• Metro: Houma-Thibodaux, LA
• Population (ZIP): 28,716
• Household income: $68,843
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 387.0

Population outlook (Terrebonne County) Hauer SSP2

• Today (2025): 118,724 people
• By 2030: 120,321 · +1.3%
• By 2040: 121,894 · +2.7%
• By 2050: 121,119 · +2.0%
• By 2075: 117,270 · -1.2%
• By 2100: 107,544 · -9.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 16% Hispanic / Latino 9% Two or more races 9% Native American 7% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Lithuanian 17% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 4% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Terrebonne

• 2024 margin: Solid R (+51.8) · D 23.5% · R 75.3% · Other 1.2%
• 2008→2024 swing: -11.0pp toward R · 2008: -40.9pp · 2024: -51.8pp
• All cycles: 2024: R+51.8 2020: R+50.0 2016: R+48.4 2012: R+41.2 2008: R+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.75%
• Current HPI: 113.1047
• Rent YoY: —
• Metro: Houma-Thibodaux, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

+124.3% since first listed

10 events — show timeline

• 2026-03-03 Price Changed $135,000 AcadianaMLS
• 2026-03-03 Price Changed $135,000 GSREIN
• 2025-12-02 Listed $145,000 GSREIN
• 2025-12-02 Listed $145,000 AcadianaMLS
• 2019-08-19 Listed $58,257 AcadianaMLS
• 2019-08-19 Listed $58,257 GBRMLS
• 2018-05-03 Sold (MLS) — GBRMLS
• 2017-04-20 Listed $60,200 GBRMLS
• 2017-04-20 Listed $60,200 AcadianaMLS
• 1995-08-25 Sold (Public Records) — Public Records

Property tax history

+0.7%/yr

Latest (2025): $541 · -2.3% YoY. Source: county tax records.