31686 River Pines Dr #31686SpringfieldLA70462
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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 31686 River Pines Dr #31686, Springfield, LA, 70462 earns $292/mo cash flow from $1,283/mo rent with a $783/mo payment. Total monthly income totals $1,283/mo, and annual cash flow totals $3,506/yr on $53,007 capital. ROI tracks 26.52% on current figures, and rental yield reads 9.63% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 138.38% and total cumulative return in cash sums $73,350. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,283/mo property income instead of your personal income.
Condo
Built in 1978
435.60 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: Donna Harris • Shirley Kirby & Associates
Mls Name: ROAM MLS
Mls ID: #2025022024