10199 Thornapple RdOil CityLA71061
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Oil City at 10199 Thornapple Rd, Oil City, LA, 71061 listed at $220,000 pairs $1,723/mo rent with a $1,077/mo payment to leave $360/mo cash flow. Total monthly income runs $1,723/mo, and annual cash flow reaches $4,320/yr on $72,930 cash to close. Return on cash invested measures 25.83% in year one, and rental yield registers 9.4% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 134.59% and total cumulative return in cash totals $98,159. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,723/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2022
13.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71061, Oil City, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 747 (100%) |
| Owner Occupied HU | 410 (54.9%) |
| Renter Occupied HU | 188 (25.2%) |
| Vacant Housing Units | 149 (19.9%) |
| Median Home Value | $213,235 |
| Average Home Value | $230,390 |
Housing Distribution
Address Breakdown
Residential
572
Single Family
508
Multi-Family
64
Businesses
91
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Listed by: Blake Caskey • Sterling & Southern Real Estate Co. LLC
Mls Name: NTREIS
Mls ID: #20776060
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.