713 10th St NWSpringhillLA71075
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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 713 10th St NW, Springhill, LA, 71075 uses $43,095 cash to close to unlock $2,700/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,030/mo, and a $636/mo payment keeps the spread at $225/mo. Purchase price stands at $130,000, and rental yield measures 9.51% with $1,030/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 136.42% and total cumulative return in cash records $58,791. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,030/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.31 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: Stefanie Eades • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20989948