2794 Highway 121OtisLA71466
Nearby investment properties with comparable rents
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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 Otis at 2794 Highway 121, Otis, LA, 71466 generates $2,703/mo in rent and, after a $1,957/mo payment, leaves $226/mo in cash flow. Total monthly income is $2,703/mo, and annual cash flow is $2,714/yr on $132,567 invested. Return on cash invested sits at 21.96% in year one, and rental yield is 8.11% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 113.86% and total cumulative return in cash sums $150,944. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,703/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71466, Otis, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 279 (100%) |
| Owner Occupied HU | 204 (73.1%) |
| Renter Occupied HU | 31 (11.1%) |
| Vacant Housing Units | 44 (15.8%) |
| Median Home Value | $190,741 |
| Average Home Value | $211,961 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
216
Multi-Family
0
Businesses
3
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Listed by: Kaitee Basco Aldecoa • BERKSHIRE HATHAWAY HOME SERVICES-ALLY REAL ESTATE
Mls Name: GCLRA
Mls Provider:
Mls ID: #2463047
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.