702 S Park DrSpringhillLA71075
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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 Springhill at 702 S Park Dr, Springhill, LA, 71075 offers a 9.36% rental yield on a $114,500 purchase with $893/mo rent. Total monthly income registers $893/mo, and a $560/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,210/yr on $37,957 to close, and return on cash invested stands at 25.73% in year one. Equity gained on principal adds $739/yr while 5% annual appreciation supports $31,634 over five years. Portfolio math shows five-year ROI at 134.2% and total cumulative return in cash at $50,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $893/mo property income against a $560/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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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.