10865 Ferry Lake 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
Rental property for sale in Oil City at 10865 Ferry Lake Rd, Oil City, LA, 71061 generates $2,384/mo in rent, after a $2,247/mo payment. Total monthly income is $2,384/mo. Return on cash invested sits at 16.28% in year one, and rental yield is 6.23% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 83.42% and total cumulative return in cash sums $126,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,384/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.69 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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