Aspen Plan · Springfield, LA 70462

$224,900

3 bd · 2.0 ba · 1,343 sqft · SingleFamily · 353 Days on market

↓ 3% since listing

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +7.4/30.0
• Schools +4.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.6/10.0

Listing remarks MLS

Welcome to the Aspen, a stunning single-story home that combines style and functionality located in Berry Ridge in the desirable city of Springfield, Louisiana, this home offers 3 bedrooms, 2 bathrooms, and 1,343 sq. ft. of thoughtfully designed living space. As you step inside, you'll find an open-concept layout that seamlessly blends the kitchen, living, and dining areas, making it ideal for both everyday living and entertaining guests. The kitchen is truly the heart of the home, featuring sleek shaker-style cabinets, stainless-steel Whirlpool appliances, a gooseneck pulldown faucet, and luxurious 3 cm granite countertops. You'll appreciate the convenience of a large pantry and a separate laundry room. Just off the kitchen, the dining area flows smoothly into the inviting living room, creating a warm and welcoming space for family meals or gatherings. Each of the three bedrooms is designed for comfort, with soft carpeting and ample closet space to meet all your storage needs. The spacious primary bedroom, located at the rear of the home for added privacy, boasts an en suite bathroom with a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. The Aspen also offers customizable exteriors, with two stunning options to choose from, so you can make the home truly your own. If you're ready to explore all that the Aspen has to offer, contact us today to schedule your private tour. Discover how this charming home can fit your lifest

Key facts

• Large pantry
• Granite countertops
• Open-concept layout

Tags

• OPEN-CONCEPT LAYOUT
• SHAKER-STYLE CABINETS
• STAINLESS-STEEL APPLIANCES
• GOOSENECK PULLDOWN FAUCET
• GRANITE COUNTERTOPS
• LARGE PANTRY

🏗️ New construction. The $224,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $230,056.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-295 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $187k (16.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (27.1% below list).
• Recommended offer: $164k (27.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#218 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B+; Watch: employment C-, health & safety C-, crime F.
• Livingston Parish (suburban): math 40% / reading 52% proficiency, ranked #13 of 98 in LA (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 218 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 794 units permitted in Livingston Parish in 2024 (99 in 5+ unit buildings).

Forward outlook

• In year one you build about $25k of equity ($2k loan paydown + $23k appreciation (10.0% local appreciation)).
• Livingston County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 353 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.

Recommended offer $163,936 (27.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 353 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.71% ✗
• Cap rate: 4.76%
• Cash-on-cash: -5.49%
• DSCR: 0.76
• GRM: 11.7

CMA / ARV

• ARV (median comp): $230,056
• List price: $224,900
• Delta: -2.24%
• Verdict: FAIR
• Comps: 15 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24747 Berry Ridge Ln	0.19mi	3/2.0	1,343 (0%)	1mo	$222,900	$166	90
24813 Berry Ridge Ln	0.12mi	3/2.0	1,343 (0%)	10mo	$229,900	$171	86
24986 Berry Ridge Ln	0.20mi	3/2.0	1,386 (+3%)	2mo	$212,900	$154	84
24771 Berry Ridge Ln	0.42mi	3/2.0	1,343 (0%)	4mo	$233,900	$174	77
24782 Berry Ridge Ln	0.39mi	3/2.0	1,386 (+3%)	0mo	$214,900	$155	76
24807 Berry Ridge Ln	0.36mi	3/2.0	1,343 (0%)	9mo	$229,900	$171	76
24789 Berry Ridge Ln	0.40mi	3/2.0	1,343 (0%)	9mo	$229,900	$171	73
24875 Fayard Rd	0.04mi	3/2.5	1,463 (+9%)	14mo	$170,000	$116	69
24777 Berry Ridge Ln	0.15mi	3/2.0	1,543 (+15%)	6mo	$223,900	$145	64
24548 Blood River Rd	0.44mi	3/2.0	1,280 (-5%)	13mo	$135,000	$105	61
24759 Berry Ridge Ln	0.40mi	3/2.0	1,543 (+15%)	1mo	$231,900	$150	56
24602 Abernathy Rd	0.60mi	3/2.0	1,191 (-11%)	2mo	$217,000	$182	51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.4%
• Equity multiple: 2.65×
• Total profit: $106,545
• Equity at exit: $207,253

10-year hold

• IRR: 18.6%
• Equity multiple: 6.10×
• Total profit: $328,571
• Equity at exit: $446,948

Cash invested: $64,416 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70462

• Active inventory: 218
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,639 medium
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$288 /mo · $3,451/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $-295

Break-even live

Break-even rent $2,012

Max offer price $187,402

Occupancy floor —

Sensitivity live

Price	-10% $-136	-5% $-215	+0% $-295	+5% $-374	+10% $-454
Rent	-10% $-424	-5% $-360	+0% $-295	+5% $-230	+10% $-165
Rate	-1.0pp $-179	-0.5pp $-236	base $-295	+0.5pp $-354	+1.0pp $-415

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $57,514
• Closing costs: $6,902
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24125 John McKigney Rd Springfield, LA	3.0	2.0	1369	$1,750	$1.28	45d	1	1.36mi
24143 John McKigney Rd Unit 6 Springfield, LA	3.0	2.0	1046	$1,500	$1.43	16d	1	1.36mi

Listing history 19 events

1. 2026-06-22
   days on market $224,900 Active 353 DOM
2. 2026-06-18
   days on market $224,900 Active 350 DOM
3. 2026-06-17
   days on market $224,900 Active 349 DOM
4. 2026-06-16
   days on market $224,900 Active 348 DOM
5. 2026-06-15
   days on market $224,900 Active 347 DOM
6. 2026-06-14
   days on market $224,900 Active 345 DOM
7. 2026-06-13
   days on market $224,900 Active 344 DOM
8. 2026-06-10
   days on market $224,900 Active 342 DOM
9. 2026-06-08
   days on market $224,900 Active 340 DOM
10. 2026-06-07
    days on market $224,900 Active 339 DOM
11. 2026-06-03
    days on market $224,900 Active 335 DOM
12. 2026-06-03
    price $224,900 Active 334 DOM
13. 2026-06-02
    days on market $223,900 Active 334 DOM
14. 2026-06-01
    days on market $223,900 Active 333 DOM
15. 2026-05-31
    days on market $223,900 Active 332 DOM
16. 2026-05-31
    days on market $223,900 Active 331 DOM
17. 2025-09-13
    price $223,900 1492-char remark

    Show marketing remark (1492 chars)

    Welcome to the Aspen, a stunning single-story home that combines style and functionality located in Berry Ridge in the desirable city of Springfield, Louisiana, this home offers 3 bedrooms, 2 bathrooms, and 1,343 sq. ft. of thoughtfully designed living space. As you step inside, you'll find an open-concept layout that seamlessly blends the kitchen, living, and dining areas, making it ideal for both everyday living and entertaining guests. The kitchen is truly the heart of the home, featuring sleek shaker-style cabinets, stainless-steel Whirlpool appliances, a gooseneck pulldown faucet, and luxurious 3 cm granite countertops. You'll appreciate the convenience of a large pantry and a separate laundry room. Just off the kitchen, the dining area flows smoothly into the inviting living room, creating a warm and welcoming space for family meals or gatherings. Each of the three bedrooms is designed for comfort, with soft carpeting and ample closet space to meet all your storage needs. The spacious primary bedroom, located at the rear of the home for added privacy, boasts an en suite bathroom with a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. The Aspen also offers customizable exteriors, with two stunning options to choose from, so you can make the home truly your own. If you're ready to explore all that the Aspen has to offer, contact us today to schedule your private tour. Discover how this charming home can fit your lifest

18. 2025-09-03
    price $230,900 1492-char remark

    Show marketing remark (1492 chars)

    Welcome to the Aspen, a stunning single-story home that combines style and functionality located in Berry Ridge in the desirable city of Springfield, Louisiana, this home offers 3 bedrooms, 2 bathrooms, and 1,343 sq. ft. of thoughtfully designed living space. As you step inside, you'll find an open-concept layout that seamlessly blends the kitchen, living, and dining areas, making it ideal for both everyday living and entertaining guests. The kitchen is truly the heart of the home, featuring sleek shaker-style cabinets, stainless-steel Whirlpool appliances, a gooseneck pulldown faucet, and luxurious 3 cm granite countertops. You'll appreciate the convenience of a large pantry and a separate laundry room. Just off the kitchen, the dining area flows smoothly into the inviting living room, creating a warm and welcoming space for family meals or gatherings. Each of the three bedrooms is designed for comfort, with soft carpeting and ample closet space to meet all your storage needs. The spacious primary bedroom, located at the rear of the home for added privacy, boasts an en suite bathroom with a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. The Aspen also offers customizable exteriors, with two stunning options to choose from, so you can make the home truly your own. If you're ready to explore all that the Aspen has to offer, contact us today to schedule your private tour. Discover how this charming home can fit your lifest

19. 2025-07-03
    listed $229,900 Active 1492-char remark

    Show marketing remark (1492 chars)

    Welcome to the Aspen, a stunning single-story home that combines style and functionality located in Berry Ridge in the desirable city of Springfield, Louisiana, this home offers 3 bedrooms, 2 bathrooms, and 1,343 sq. ft. of thoughtfully designed living space. As you step inside, you'll find an open-concept layout that seamlessly blends the kitchen, living, and dining areas, making it ideal for both everyday living and entertaining guests. The kitchen is truly the heart of the home, featuring sleek shaker-style cabinets, stainless-steel Whirlpool appliances, a gooseneck pulldown faucet, and luxurious 3 cm granite countertops. You'll appreciate the convenience of a large pantry and a separate laundry room. Just off the kitchen, the dining area flows smoothly into the inviting living room, creating a warm and welcoming space for family meals or gatherings. Each of the three bedrooms is designed for comfort, with soft carpeting and ample closet space to meet all your storage needs. The spacious primary bedroom, located at the rear of the home for added privacy, boasts an en suite bathroom with a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. The Aspen also offers customizable exteriors, with two stunning options to choose from, so you can make the home truly your own. If you're ready to explore all that the Aspen has to offer, contact us today to schedule your private tour. Discover how this charming home can fit your lifest

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $19,672
• − Mortgage interest: −$12,887
• − Property taxes: −$3,451
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,574
• − Management: −$1,574
• − Depreciation: −$6,693
• Taxable loss: −$7,656
• Est. tax savings @ 24.0%: +$1,837
• After-tax cash flow: $-1,700/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Livingston Parish
• NCES district ID: 2201020
• Math proficiency: 40% ▼ -38.00%
• Reading proficiency: 52% ▼ -32.00%
• Median HH income: $56,755
• Composite: 40.07/100
• National rank: #3811
• State rank: #13 of 98 in LA

Livability — Springfield

• Score: 62/100
• State rank: #218
• US rank: #16782

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment C- Housing A+ Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,428

Population outlook (Livingston County) Hauer SSP2

• Today (2025): 158,511 people
• By 2030: 168,241 · +6.1%
• By 2040: 186,252 · +17.5%
• By 2050: 201,516 · +27.1%
• By 2075: 231,217 · +45.9%
• By 2100: 241,697 · +52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 9% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 15% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Livingston

• 2024 margin: Solid R (+68.5) · D 15.1% · R 83.6% · Other 1.3%
• 2008→2024 swing: +3.4pp toward D · 2008: -71.9pp · 2024: -68.5pp
• All cycles: 2024: R+68.5 2020: R+70.0 2016: R+72.5 2012: R+70.4 2008: R+71.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 115.93%
• Current HPI: 389.85
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

-2.6% since first listed

3 events — show timeline

• 2025-09-13 Price Changed $223,900 Zillow
• 2025-09-03 Price Changed $230,900 Zillow
• 2025-07-03 Listed $229,900 Zillow