114 Thomas StOil 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 114 Thomas St, Oil City, LA, 71061 priced at $135,000 converts $1,324/mo rent into $488/mo cash flow after a $661/mo obligation. Total monthly income equals $1,324/mo, and annual cash flow totals $5,850/yr on $44,753 invested. Return on cash invested prints 32.98% in year one, and rental yield reads 11.77% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 172.98% and total cumulative return in cash sums $77,413. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,324/mo property income covering a $661/mo payment, not borrower’s personal income.
Manufactured
Built in 2010
0.47 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: Bobby Willis • Keller Williams Northwest
Mls Name: NTREIS
Mls ID: #20941678
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.