530 Spring Lake DrShreveportLA71106
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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 Shreveport at 530 Spring Lake Dr, Shreveport, LA, 71106 with 5% annual appreciation on a $390,000 basis while $3,271/mo rent supports operations. Total monthly income totals $3,271/mo and a $1,909/mo payment preserves $855/mo for cash returns. Annual cash flow comes to $10,260/yr on $129,285 deployed, and return on cash invested reaches 27.84% in year one. Equity gained on principal adds $2,517/yr, and five-year appreciation sums $107,750 alongside rental yield of 10.06%. Five-year ROI measures 145.4% and total cumulative return in cash totals $187,976.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,271/mo property income versus a $1,909/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71106, Shreveport, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,499 (100%) |
| Owner Occupied HU | 9,278 (59.9%) |
| Renter Occupied HU | 4,316 (27.8%) |
| Vacant Housing Units | 1,905 (12.3%) |
| Median Home Value | $302,639 |
| Average Home Value | $392,509 |
Housing Distribution
Address Breakdown
Residential
15,053
Single Family
14,136
Multi-Family
917
Businesses
1,341
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Listed by: Jessica Mason Wimberly • Shelly Wagner & Associates + JPAR Real Estate
Mls Name: NTREIS
Mls ID: #21027032