Score
0Houma, LA
200 Jane Ave
128K
2 beds
1 baths
800 sqft
2 bd • 1 ba • 800 sf
This analysis was generated on 2/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$128,200
Price/Sq.Ft
$160
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Affordable Price Point: At $128,200, the property offers an attractive entry point into the Houma housing market, especially for first-time homebuyers or investors seeking affordable options. This price is significantly lower than the national median home price, which is around $400,000.
• Lower Price per Square Foot: The price per square foot ($160.25) is competitive compared to some other properties in the Houma area. This suggests that the property might offer good value for its size, although a thorough inspection is needed to confirm its condition.
• Potential Rental Income: With 2-bedroom rental rates averaging $981 in Houma, the property could generate a positive cash flow for investors. A conservative estimate of annual rental income would be around $11,772 (12 months x $981), before accounting for expenses like property taxes, insurance, and maintenance.
• Proximity to Local Amenities: The property's location in Houma provides access to local amenities, schools, and services. While specific distances aren't provided, the general location is a positive factor.
The Bad
• Unknown Property Condition: The absence of a property description and room details makes it difficult to assess the property's condition. Potential buyers will need to rely heavily on a property inspection to uncover any hidden issues, which adds uncertainty and potential costs.
• Lack of Information on Utilities and Systems: The lack of information regarding utilities (heating, cooling, plumbing, electrical) is concerning. Buyers need to determine the age and condition of these systems, as replacements or repairs can be expensive. For example, replacing an HVAC system can cost $4,000-$8,000.
• Small Square Footage: At 800 sqft, the property is smaller than the average single-family home in Houma. According to recent data, the average home size in Houma is closer to 1,500 sqft. This limited space may not be suitable for all buyers.
• Dependence on Personal Vehicle: The local market context mentions limited public transportation. This makes the property less attractive to those who prefer public transit or do not own a car.
The Ugly
• Potential Flood Damage: Houma's location means this property is at risk of flooding, which may lead to very expensive repairs. The neighborhood has a history of flood damage, and the property could be affected.
• Unknown Age and Condition: Without knowing the year the property was built, it's difficult to assess its structural integrity and potential maintenance needs. Older homes often require significant repairs and upgrades, which can add substantial costs. Homes built before 1978 may contain lead-based paint, requiring additional precautions and potential remediation costs.
• High Insurance Costs: Due to the risk of hurricanes and flooding, homeowner's insurance premiums can be higher in Houma compared to other areas. Shop around for the best rates and coverage. The cost of insurance may increase significantly over time.
• Economic Dependence on Oil and Gas: Houma's economy is heavily reliant on the oil and gas industry. The local housing market can fluctuate with the industry's ups and downs. The long-term economic outlook should be considered.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• First-time Homebuyers: The property's price point ($128,200) makes it an accessible entry into homeownership, especially for those seeking to escape rental costs. The estimated monthly mortgage payment (principal and interest) at a 7% interest rate, with a 10% down payment, would be approximately $800, aligning with or even undercutting average 2-bedroom rental rates in Houma ($981).
• Individuals Seeking a Compact and Manageable Home: The 800 sqft size offers easy maintenance and lower utility bills compared to larger homes. This could appeal to individuals prioritizing simplicity and cost-effectiveness in homeownership.
• DIY Enthusiasts: The property presents opportunities for cosmetic upgrades and personalization. Buyers comfortable with minor renovations can increase the property's value and tailor it to their specific tastes. Landscaping, interior painting, and fixture upgrades can enhance the property's appeal without major structural work.
• Individuals Prioritizing Location: The property's location in Houma provides access to local amenities, schools, and services. Buyers who value proximity to workplaces, family, or community resources may find this advantageous.
Not For
• Buyers Requiring Ample Space: With only 800 sqft, the property may feel cramped for individuals or couples who value spacious living areas, require multiple bedrooms, or need dedicated office space.
• Individuals Seeking a Move-In Ready Home: Given the lack of property details and the unknown year built, the property may require significant renovations or repairs. Buyers seeking a turnkey property with modern amenities may find this unsuitable.
• Buyers Averse to Flood Risk: Houma's location exposes the property to flood risk. Individuals uncomfortable with this risk or unwilling to pay for flood insurance should consider alternative locations.
• Buyers Seeking High Appreciation Potential: While all real estate investments carry risk, Houma's market can be volatile due to its dependence on the oil and gas industry. Buyers prioritizing rapid appreciation may find other markets more appealing.
Demographics
Area Median Income
$39,421
Property History
Price History
Ownership Timeline
$119,000Financed
Jan 25, 2022Brie A RobichauxGavi Duffy-Pinell
Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$981
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