12022 Spring House DrGreenwell SpringsLA70739
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingHigh DSCR is a competitive advantage at closing. 12022 Spring House Dr, Greenwell Springs, LA, 70739 in Greenwell Springs achieves 1.64, rent of $2,145/mo covers the $1,304/mo payment 1.5x over at $290,000. Rental yield 6.7%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $80,122 over five years, with $2,671/yr in principal reduction bringing total projected return to $128,612.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.0% |
| Monthly Cash Flow | $(240) | $350 |
City averages based on Greenwell Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,145 |
| Total Monthly Debt Service | $1,745 |
| DSCR Ratio | 1.23x |
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 2014
8,276 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70739, Greenwell Springs, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,146 (100%) |
| Owner Occupied HU | 4,207 (81.8%) |
| Renter Occupied HU | 627 (12.2%) |
| Vacant Housing Units | 312 ( 6.1%) |
| Median Home Value | $338,798 |
| Average Home Value | $384,306 |
Housing Distribution
Address Breakdown
Residential
5,102
Single Family
4,918
Multi-Family
184
Businesses
175
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 2014
8,276 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70739, Greenwell Springs, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,146 (100%) |
| Owner Occupied HU | 4,207 (81.8%) |
| Renter Occupied HU | 627 (12.2%) |
| Vacant Housing Units | 312 ( 6.1%) |
| Median Home Value | $338,798 |
| Average Home Value | $384,306 |
Housing Distribution
Address Breakdown
Residential
5,102
Single Family
4,918
Multi-Family
184
Businesses
175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cecilia Hyde • Latter & Blum - Perkins
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025007486
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. Copyright 2025 ROAM MLS.