32875 Rivergate Cir #48SpringfieldLA70462
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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 32875 Rivergate Cir #48, Springfield, LA, 70462 earns $101/mo cash flow from $803/mo rent with a $489/mo payment. Total monthly income totals $803/mo, and annual cash flow totals $1,212/yr on $33,150 capital. ROI tracks 23.57% on current figures, and rental yield reads 9.64% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 123.49% and total cumulative return in cash sums $40,936. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $803/mo property income instead of your personal income.
Condo
Built in 1996
871.20 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: Thomas Anthony • Monument Real Estate, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2491987
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.