702 S Park DrSpringhillLA71075
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 702 S Park Dr, Springhill, LA, 71075 in Springhill worth modelling. At $114,500 with a 9.36% gross yield, the $893/mo rent leaves $184/mo after the $515/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.73 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $31,634 by year five; $1,055/yr in principal reduction adds further equity. Total projected return: $55,287.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.2% |
| Monthly Cash Flow | $184 | $800 |
City averages based on Springhill market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $893 |
| Total Monthly Debt Service | $664 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
0.34 Acres 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
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
Single Family
Built in 1955
0.34 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martha Edens • McMullan Realty
Mls Name: NTREIS
Mls ID: #20865462
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.