24765 Berry Ridge LnSpringfieldLA70462
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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 24765 Berry Ridge Ln, Springfield, LA, 70462 earns $118/mo cash flow from $1,614/mo rent with a $1,145/mo payment. Total monthly income totals $1,614/mo, and annual cash flow totals $1,419/yr on $77,538 capital. ROI tracks 21.74% on current figures, and rental yield reads 8.28% at a $233,900 purchase. Equity gained on principal adds $1,509/yr, and 5% annual appreciation supports $64,622 over five years. Five-year ROI reaches 112.96% and total cumulative return in cash sums $87,583. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,614/mo property income instead of your personal income.
Single Family
Built in 2025
7,013 sqft lot
$N/A/sqft
$560 annually 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: Melissa Bonnee Duncan • D.R. Horton Realty Of Louisian
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2025020304
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.