400 3rd St SESpringhillLA71075
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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
Rental property for sale in Springhill at 400 3rd St SE, Springhill, LA, 71075 offers $816/mo rent that, after a $529/mo payment, leaves $147/mo cash flow. Total monthly income is $816/mo, and annual cash flow is $1,759/yr on $35,802 cash. Return on cash invested measures 24.82% in year one, and rental yield stands at 9.07% at a $108,000 entry. Equity gained on principal adds $697/yr while 5% annual appreciation compounds into $29,838 by year five. Five-year ROI records 129.27% and total cumulative return in cash reaches $46,280. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $816/mo property income versus a $529/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
9,539 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71075, Springhill, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,143 (100%) |
| Owner Occupied HU | 1,650 (52.5%) |
| Renter Occupied HU | 916 (29.1%) |
| Vacant Housing Units | 577 (18.4%) |
| Median Home Value | $109,223 |
| Average Home Value | $137,655 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,638
Multi-Family
214
Businesses
356
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Listed by: Jan Smith • Century 21 Elite
Mls Name: NTREIS
Mls ID: #21038106