23312 Blood River 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 23312 Blood River Rd, Springfield, LA, 70462 offers a 9.39% rental yield on a $145,000 purchase with $1,135/mo rent. Total monthly income registers $1,135/mo, and a $710/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,838/yr on $48,068 to close, and return on cash invested stands at 25.81% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 134.55% and total cumulative return in cash at $64,676. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,135/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1.94 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: N/A • N/A
Mls Name: Xome
Mls ID: #2526543