31875 Janice StSpringfieldLA70462
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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 31875 Janice St, Springfield, LA, 70462 uses $41,438 cash to close to unlock $2,130/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $952/mo, and a $612/mo payment keeps the spread at $178/mo. Purchase price stands at $125,000, and rental yield measures 9.14% with $952/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 130.44% and total cumulative return in cash records $54,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $952/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1986
6,098 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: Edward Goodwin • RE/MAX Select
Mls Name: GSREIN
Mls Provider:
Mls ID: #2482987
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