31748 Shelton Dr ESpringfieldLA70462
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
Investment Highlights
Investment property for sale in Springfield at 31748 Shelton Dr E, Springfield, LA, 70462 earns $109/mo cash flow from $1,502/mo rent with a $1,101/mo payment. Total monthly income totals $1,502/mo, and annual cash flow totals $1,302/yr on $74,588 capital. ROI tracks 21.65% on current figures, and rental yield reads 8.01% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 112.25% and total cumulative return in cash sums $83,721. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,502/mo property income instead of your personal income.
Single Family
Built in 1980
0.60 Acres 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: Kenneth Barnes • DRUDE RENTAL MANAGEMENT
Mls Name: GSREIN
Mls Provider:
Mls ID: #2476082
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. [Click here for more information](/info/mls-disclaimers/#mls_250)