10814 Ferry Lake RdOil CityLA71061
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 10814 Ferry Lake Rd, Oil City, LA, 71061 in Oil City at $249,000 earns $1,577/mo in rent and nets $34/mo after the $1,120/mo payment, a 7.6% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $68,794 over five years. Ziffy Mortgage underwrites this on a 1.41 DSCR without U.S. credit history. With $2,293/yr in principal paydown, total projected return reaches $96,657.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.0% |
| Monthly Cash Flow | $34 | $1,500 |
City averages based on Oil City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,577 |
| Total Monthly Debt Service | $1,443 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1986
0.57 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1986
0.57 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices