610 W 9th AveOberlinLA70655
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 610 W 9th Ave, Oberlin, LA, 70655 in Oberlin, $119,000, 9.34% gross yield, $189/mo net income. Consider it a market-entry position, the $926/mo rent covers the $535/mo payment with a margin, and 5%/yr appreciation is projected to add $32,878 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.73) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $57,329.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $189 | $400 |
City averages based on Oberlin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $926 |
| Total Monthly Debt Service | $690 |
| DSCR Ratio | 1.34x |
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 1945
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70655, Oberlin, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,298 (100%) |
| Owner Occupied HU | 789 (60.8%) |
| Renter Occupied HU | 256 (19.7%) |
| Vacant Housing Units | 253 (19.5%) |
| Median Home Value | $99,468 |
| Average Home Value | $144,335 |
Housing Distribution
Address Breakdown
Residential
385
Single Family
385
Multi-Family
0
Businesses
74
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 1945
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70655, Oberlin, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,298 (100%) |
| Owner Occupied HU | 789 (60.8%) |
| Renter Occupied HU | 256 (19.7%) |
| Vacant Housing Units | 253 (19.5%) |
| Median Home Value | $99,468 |
| Average Home Value | $144,335 |
Housing Distribution
Address Breakdown
Residential
385
Single Family
385
Multi-Family
0
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices