24992 Berry Ridge Ln · Springfield, LA 70462

$224,900

3 bd · 2.0 ba · 1,343 sqft · SingleFamily · 29 Days on market

Built 2026 7,013 sqft lot $47/mo HOA · 3% of rent

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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 +6.9/30.0
• 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 +1.1/10.0

Listing remarks MLS

Discover the Aspen at Berry Ridge, a new home in Springfield, Louisiana. Step inside this 3-bedroom, 2-bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen! Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

Key facts

• Open concept
• Granite countertops
• 7,013 sq ft lot

Tags

• OPEN CONCEPT
• WELL-EQUIPPED KITCHEN
• SHAKER-STYLE CABINETS
• GOOSENECK PULLDOWN FAUCETS
• STAINLESS-STEEL APPLIANCES
• GRANITE COUNTERTOPS

Property features AI

Finance

• Other: Subdivision: Berry Ridge
• HOA & community: Homeowners association with annual fee of $560 (includes insurance); Association provides maintenance and management

Exterior

• Parking: 2 parking spaces; Garage with garage door opener; Driveway
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single family residence (detached); New construction / Under construction; Model: Aspen
• Construction: Vinyl siding over frame construction; Shingle roof; Slab foundation; Built by D.R. Horton, Inc. - Gulf Coast; Home warranty included
• Exterior features: Covered patio and porch; Rectangular lot; 59.27 x 118.52 lot dimensions

Interior

• Kitchen: Range; Oven; Disposal; Microwave; Stainless steel appliances
• Flooring: Tile; Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Range, Oven, Disposal, Microwave, Stainless steel appliances; Smoke detector(s)
• Laundry & utility: Washer hookup inside; Electric dryer hookup

🏗️ New construction. The $224,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $230,055.

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 $-352 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $179k (20.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $163k (27.7% below list).
• Recommended offer: $163k (27.7% 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; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 29 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,649 (27.7% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 4.46%
• Cash-on-cash: -6.56%
• DSCR: 0.71
• GRM: 11.8

CMA / ARV

• ARV (median comp): $230,055
• 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
24771 Berry Ridge Ln	0.04mi	3/2.0	1,343 (0%)	4mo	$233,900	$174	95
24782 Berry Ridge Ln	0.02mi	3/2.0	1,386 (+3%)	0mo	$214,900	$155	94
24807 Berry Ridge Ln	0.03mi	3/2.0	1,343 (0%)	9mo	$229,900	$171	91
24789 Berry Ridge Ln	0.03mi	3/2.0	1,343 (0%)	9mo	$229,900	$171	91
24747 Berry Ridge Ln	0.25mi	3/2.0	1,343 (0%)	1mo	$222,900	$166	87
24986 Berry Ridge Ln	0.21mi	3/2.0	1,386 (+3%)	2mo	$212,900	$154	84
24813 Berry Ridge Ln	0.37mi	3/2.0	1,343 (0%)	10mo	$229,900	$171	75
24759 Berry Ridge Ln	0.03mi	3/2.0	1,543 (+15%)	1mo	$231,900	$150	73
24548 Blood River Rd	0.24mi	3/2.0	1,280 (-5%)	13mo	$135,000	$105	70
24777 Berry Ridge Ln	0.30mi	3/2.0	1,543 (+15%)	6mo	$223,900	$145	56
24602 Abernathy Rd	0.53mi	3/2.0	1,191 (-11%)	2mo	$217,000	$182	54
24875 Fayard Rd	0.40mi	3/2.5	1,463 (+9%)	14mo	$170,000	$116	53

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: 19.7%
• Equity multiple: 2.60×
• Total profit: $102,933
• Equity at exit: $207,252

10-year hold

• IRR: 18.0%
• Equity multiple: 5.98×
• Total profit: $320,853
• Equity at exit: $446,946

Cash invested: $64,415 (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: 11.5×

Monthly cashflow live

• Estimated rent: $1,626 medium
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$288 /mo · $3,451/yr
• Insurance: −$96
• HOA: −$47
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $-352

Break-even live

Break-even rent $2,072

Max offer price $179,130

Occupancy floor —

Sensitivity live

Price	-10% $-193	-5% $-272	+0% $-352	+5% $-431	+10% $-511
Rent	-10% $-480	-5% $-416	+0% $-352	+5% $-288	+10% $-223
Rate	-1.0pp $-236	-0.5pp $-293	base $-352	+0.5pp $-412	+1.0pp $-472

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 4 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	1.22mi
24143 John McKigney Rd Unit 6 Springfield, LA	3.0	2.0	1046	$1,500	$1.43	16d	1	1.22mi
23318 Fairway Gardens Ct Springfield, LA	3.0	2.0	1607	$2,000	$1.24	25d	1	1.26mi
23950 Coats Rd Springfield, LA	2.0	1.0	1154	$1,200	$1.04	16d	1	1.37mi

HOA detail

• Monthly dues: $47 · $564/yr
• Likely covers: pool

Listing history 13 events

1. 2026-06-13
   statusdays on market $224,900 Pending 29 DOM
2. 2026-06-10
   pricedays on market $224,900 Active 27 DOM
3. 2026-06-09
   days on market $223,900 Active 26 DOM

   Show marketing remark (1277 chars)

   Discover the Aspen at Berry Ridge, a new home in Springfield, Louisiana. Step inside this 3-bedroom, 2-bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen! Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

4. 2026-06-08
   days on market $223,900 Active 25 DOM
5. 2026-06-07
   days on market $223,900 Active 24 DOM
6. 2026-06-03
   days on market $223,900 Active 20 DOM
7. 2026-06-02
   days on market $223,900 Active 19 DOM
8. 2026-06-01
   days on market $223,900 Active 18 DOM
9. 2026-05-31
   days on market $223,900 Active 17 DOM
10. 2026-05-31
    days on market $223,900 Active 16 DOM
11. 2026-05-14
    listed $223,900 Active 1284-char remark

    Show marketing remark (1277 chars)

    Discover the Aspen at Berry Ridge, a new home in Springfield, Louisiana. Step inside this 3-bedroom, 2-bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen! Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

12. 2026-05-14
    listed $223,900 Active 1277-char remark

    Show marketing remark (1277 chars)

    Discover the Aspen at Berry Ridge, a new home in Springfield, Louisiana. Step inside this 3-bedroom, 2-bathroom residence to find 1,343 square feet of living space. The living area is an open concept, where your kitchen, living and dining area blend into a space perfect for everyday living and entertaining. The well-equipped kitchen features shaker-style cabinets, gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and 3 cm granite countertops. Maximize efficiency with a pantry and a separate laundry room. Experience the convenience of the dining room located next to the kitchen and the smooth transition to the nearby living room. The bedrooms are provided with cozy carpeting and a convenient closet. Whether you need a place for entertainment, organization, welcoming guests, relaxation, or fitness activities, you can be sure of feeling comfortable and content. Situated at the rear of the residence, the primary bedroom comes complete with its own en suite. The primary bathroom showcases a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. Get in touch with us now and discover your new residence in an Aspen! Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

13. 2026-03-31
    listed $223,900 Active

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

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 5% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,518
• − Mortgage interest: −$12,887
• − Property taxes: −$3,451
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,561
• − Management: −$1,561
• − HOA: −$564
• − Depreciation: −$6,693
• Taxable loss: −$8,349
• Est. tax savings @ 24.0%: +$2,004
• After-tax cash flow: $-2,219/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

+0.4% since first listed

6 events — show timeline

• 2026-06-12 Pending — AcadianaMLS
• 2026-06-12 Pending — GBRMLS
• 2026-06-09 Price Changed $224,900 AcadianaMLS
• 2026-06-09 Price Changed $224,900 GBRMLS
• 2026-05-14 Listed $223,900 GBRMLS
• 2026-05-14 Listed $223,900 AcadianaMLS