24813 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 24813 Berry Ridge Ln, Springfield, LA, 70462 listed at $229,900 pairs $1,548/mo rent with a $1,125/mo payment to leave $77/mo cash flow. Total monthly income runs $1,548/mo, and annual cash flow reaches $930/yr on $76,212 cash to close. Return on cash invested measures 21.13% in year one, and rental yield registers 8.08% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 109.67% and total cumulative return in cash totals $83,579. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,548/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: #2025010881
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.