20199 Happywoods RdSpringfieldLA70462
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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
Investment property for sale in Springfield at 20199 Happywoods Rd, Springfield, LA, 70462 uses $51,383 cash to close to unlock $2,778/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,192/mo, and a $759/mo payment keeps the spread at $232/mo. Purchase price stands at $155,000, and rental yield measures 9.23% with $1,192/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 131.91% and total cumulative return in cash records $67,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,192/mo property income covering a $759/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70462, Springfield, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 2,058 (68.8%) |
| Renter Occupied HU | 392 (13.1%) |
| Vacant Housing Units | 540 (18.1%) |
| Median Home Value | $326,667 |
| Average Home Value | $320,051 |
Housing Distribution
Address Breakdown
Residential
2,729
Single Family
2,712
Multi-Family
17
Businesses
116
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Listed by: Angelle Davis • Engel & Volkers Baton Rouge
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025009041
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.