2794 Highway 121OtisLA71466
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2794 Highway 121, Otis, LA, 71466 in Otis at $399,900 earns $2,703/mo in rent and nets $166/mo after the $1,798/mo payment, a 8.11% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $110,485 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $3,683/yr in principal paydown, total projected return reaches $166,249.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $166 | $1,200 |
City averages based on Otis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,703 |
| Total Monthly Debt Service | $2,318 |
| DSCR Ratio | 1.17x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.