31719 Shelton DrSpringfieldLA70462
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 31719 Shelton Dr, Springfield, LA, 70462 in Springfield offers a clean, manageable entry. Rental yield 7.26%. DSCR 1.34 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $49,454 in additional property value over five years, with $1,649/yr in principal equity building ownership stake. Total projected cumulative return: $66,195.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.0% |
| Monthly Cash Flow | $(26) | $700 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,082 |
| Total Monthly Debt Service | $1,038 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2007
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2007
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Anthony • Monument Real Estate, LLC
Mls Name: GSREIN
Mls ID: #2531288