31678 River Pines Dr #144SpringfieldLA70462
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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 31678 River Pines Dr #144, Springfield, LA, 70462 uses $34,808 cash to close to unlock $1,446/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $826/mo, and a $514/mo payment keeps the spread at $121/mo. Purchase price stands at $105,000, and rental yield measures 9.44% with $826/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 125.91% and total cumulative return in cash records $43,826. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $826/mo property income covering a $514/mo payment rather than investor’s personal income.
Condo
Built in 1982
7,866 sqft 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: MaryJo Hoover • LPT Realty, LLC.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2466170
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