Edison Plan, Berry RidgeSpringfieldLA70462
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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 Springfield at Edison Plan, Berry Ridge, Springfield, LA, 70462 priced at $233,900 pairs $1,610/mo rent with $161/mo cash flow after a $1,145/mo payment. Total monthly income equals $1,610/mo, and annual cash flow comes to $1,931/yr on $77,538 invested. Return on cash invested is 22.4% in year one, and rental yield stands at 8.26% on a $233,900 basis. Equity gained on principal adds $1,509/yr, and 5% annual appreciation accumulates to $64,622 by year five. Five-year ROI measures 116.21% and total cumulative return in cash reaches $90,103. For financing, Ziffy Mortgage’s DSCR program evaluates $1,610/mo property income against a $1,145/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70462, Springfield, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 2,058 (68.8%) |
| Renter Occupied HU | 392 (13.1%) |
| Vacant Housing Units | 540 (18.1%) |
| Median Home Value | $326,667 |
| Average Home Value | $320,051 |
Housing Distribution
Address Breakdown
Residential
2,729
Single Family
2,712
Multi-Family
17
Businesses
116
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Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A