Edison Plan · Springfield, LA 70462

$234,900

4 bd · 2.0 ba · 1,555 sqft · SingleFamily · 350 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
• Cash flow +8.2/30.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Livability +3.1/5.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0

Listing remarks MLS

Experience the Edison floorplan, a single-story home located in Berry Ridge, a new home community in Springfield, Louisiana. This thoughtfully designed 4-bedroom, 2-bathroom home offers 1,555 square feet of modern living space, with three beautiful exterior options to choose from. Step inside to discover an open-concept layout that seamlessly blends comfort and functionality. The kitchen is a chef's dream, featuring shaker-style cabinets, sleek gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and durable 3 cm granite countertops. A large corner pantry and a separate laundry room provide added convenience and storage. The Edison offers plenty of room for relaxation and entertainment. The living room flows effortlessly into the dining room, creating the perfect space for family gatherings. All D. R. Horton homes comes fully equipped as a smart home. Each of the four bedrooms is equipped with cozy carpeting and generous closet space, ensuring comfort and storage for all. The private primary bedroom is located at the rear of the home and includes an en suite bathroom with a dual vanity, a walk-in closet, a tub/shower combination, a separate linen closet, and a water closet for added privacy. Experience the convenience and charm of the Edison floorplan. Contact us today to schedule a tour and learn more about making this beautiful home yours!

Key facts

• Edison floorplan
• Granite countertops
• Open-concept layout

Tags

• EDISON FLOORPLAN
• OPEN-CONCEPT LAYOUT
• SHAKER-STYLE CABINETS
• GOOSENECK PULLDOWN FAUCETS
• STAINLESS-STEEL APPLIANCES
• GRANITE COUNTERTOPS

🏗️ New construction. The $234,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $230,943.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $-213 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $200k (14.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $175k (25.5% below list).
• Recommended offer: $175k (25.5% 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: 214 active listings in the ZIP; 1 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 350 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.

Recommended offer $175,000 (25.5% 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 350 days. Have you received any prior offers? Is the seller open to a 26% 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: 0.76% ✗
• Cap rate: 5.18%
• Cash-on-cash: -3.96%
• DSCR: 0.82
• GRM: 11.0

CMA / ARV

• ARV (median comp): $230,943
• List price: $234,900
• Delta: 1.71%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25010 Berry Ridge Ln	0.16mi	4/2.0	1,555 (0%)	1mo	$232,900	$150	92
24825 Berry Ridge Ln	0.01mi	4/2.0	1,555 (0%)	10mo	$239,900	$154	92
24777 Berry Ridge Ln	0.15mi	3/2.0 (-1)	1,543 (-1%)	6mo	$223,900	$145	82
24801 Berry Ridge Ln	0.38mi	4/2.0	1,555 (0%)	9mo	$239,900	$154	75
24759 Berry Ridge Ln	0.40mi	3/2.0 (-1)	1,543 (-1%)	1mo	$231,900	$150	75
24986 Berry Ridge Ln	0.20mi	3/2.0 (-1)	1,386 (-11%)	2mo	$212,900	$154	66
24747 Berry Ridge Ln	0.19mi	3/2.0 (-1)	1,343 (-14%)	1mo	$222,900	$166	63
24813 Berry Ridge Ln	0.12mi	3/2.0 (-1)	1,343 (-14%)	10mo	$229,900	$171	59
24782 Berry Ridge Ln	0.39mi	3/2.0 (-1)	1,386 (-11%)	0mo	$214,900	$155	58
24771 Berry Ridge Ln	0.42mi	3/2.0 (-1)	1,343 (-14%)	4mo	$233,900	$174	50
24807 Berry Ridge Ln	0.36mi	3/2.0 (-1)	1,343 (-14%)	9mo	$229,900	$171	48
24789 Berry Ridge Ln	0.40mi	3/2.0 (-1)	1,343 (-14%)	9mo	$229,900	$171	46

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: 21.5%
• Equity multiple: 2.74×
• Total profit: $112,206
• Equity at exit: $208,052

10-year hold

• IRR: 19.4%
• Equity multiple: 6.28×
• Total profit: $341,175
• Equity at exit: $448,672

Cash invested: $64,664 (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: 214
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,750 medium
• Mortgage (P&I): −$1,211
• Tax est. 1.5%: −$289 /mo · $3,464/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $-213

Break-even live

Break-even rent $2,020

Max offer price $200,050

Occupancy floor —

Sensitivity live

Price	-10% $-54	-5% $-134	+0% $-213	+5% $-293	+10% $-373
Rent	-10% $-352	-5% $-283	+0% $-213	+5% $-144	+10% $-75
Rate	-1.0pp $-97	-0.5pp $-155	base $-213	+0.5pp $-273	+1.0pp $-334

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: $57,736
• Closing costs: $6,928
• Reserves months: —
• Total cash needed: —

Rent comps 1 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	44d	1	1.36mi

Listing history 18 events

1. 2026-06-18
   days on market $234,900 Active 350 DOM
2. 2026-06-17
   days on market $234,900 Active 349 DOM
3. 2026-06-16
   days on market $234,900 Active 348 DOM
4. 2026-06-15
   days on market $234,900 Active 347 DOM
5. 2026-06-14
   days on market $234,900 Active 345 DOM
6. 2026-06-13
   days on market $234,900 Active 344 DOM
7. 2026-06-10
   days on market $234,900 Active 342 DOM
8. 2026-06-08
   days on market $234,900 Active 340 DOM
9. 2026-06-07
   days on market $234,900 Active 339 DOM
10. 2026-06-03
    days on market $234,900 Active 335 DOM
11. 2026-06-03
    price $234,900 Active 334 DOM
12. 2026-06-02
    days on market $233,900 Active 334 DOM
13. 2026-06-01
    days on market $233,900 Active 333 DOM
14. 2026-05-31
    days on market $233,900 Active 332 DOM
15. 2026-05-31
    days on market $233,900 Active 331 DOM
16. 2025-09-13
    price $233,900 1376-char remark

    Show marketing remark (1376 chars)

    Experience the Edison floorplan, a single-story home located in Berry Ridge, a new home community in Springfield, Louisiana. This thoughtfully designed 4-bedroom, 2-bathroom home offers 1,555 square feet of modern living space, with three beautiful exterior options to choose from. Step inside to discover an open-concept layout that seamlessly blends comfort and functionality. The kitchen is a chef's dream, featuring shaker-style cabinets, sleek gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and durable 3 cm granite countertops. A large corner pantry and a separate laundry room provide added convenience and storage. The Edison offers plenty of room for relaxation and entertainment. The living room flows effortlessly into the dining room, creating the perfect space for family gatherings. All D. R. Horton homes comes fully equipped as a smart home. Each of the four bedrooms is equipped with cozy carpeting and generous closet space, ensuring comfort and storage for all. The private primary bedroom is located at the rear of the home and includes an en suite bathroom with a dual vanity, a walk-in closet, a tub/shower combination, a separate linen closet, and a water closet for added privacy. Experience the convenience and charm of the Edison floorplan. Contact us today to schedule a tour and learn more about making this beautiful home yours!

17. 2025-09-03
    price $240,900 1376-char remark

    Show marketing remark (1376 chars)

    Experience the Edison floorplan, a single-story home located in Berry Ridge, a new home community in Springfield, Louisiana. This thoughtfully designed 4-bedroom, 2-bathroom home offers 1,555 square feet of modern living space, with three beautiful exterior options to choose from. Step inside to discover an open-concept layout that seamlessly blends comfort and functionality. The kitchen is a chef's dream, featuring shaker-style cabinets, sleek gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and durable 3 cm granite countertops. A large corner pantry and a separate laundry room provide added convenience and storage. The Edison offers plenty of room for relaxation and entertainment. The living room flows effortlessly into the dining room, creating the perfect space for family gatherings. All D. R. Horton homes comes fully equipped as a smart home. Each of the four bedrooms is equipped with cozy carpeting and generous closet space, ensuring comfort and storage for all. The private primary bedroom is located at the rear of the home and includes an en suite bathroom with a dual vanity, a walk-in closet, a tub/shower combination, a separate linen closet, and a water closet for added privacy. Experience the convenience and charm of the Edison floorplan. Contact us today to schedule a tour and learn more about making this beautiful home yours!

18. 2025-07-03
    listed $239,900 Active 1376-char remark

    Show marketing remark (1376 chars)

    Experience the Edison floorplan, a single-story home located in Berry Ridge, a new home community in Springfield, Louisiana. This thoughtfully designed 4-bedroom, 2-bathroom home offers 1,555 square feet of modern living space, with three beautiful exterior options to choose from. Step inside to discover an open-concept layout that seamlessly blends comfort and functionality. The kitchen is a chef's dream, featuring shaker-style cabinets, sleek gooseneck pulldown faucets, stainless-steel Whirlpool appliances, and durable 3 cm granite countertops. A large corner pantry and a separate laundry room provide added convenience and storage. The Edison offers plenty of room for relaxation and entertainment. The living room flows effortlessly into the dining room, creating the perfect space for family gatherings. All D. R. Horton homes comes fully equipped as a smart home. Each of the four bedrooms is equipped with cozy carpeting and generous closet space, ensuring comfort and storage for all. The private primary bedroom is located at the rear of the home and includes an en suite bathroom with a dual vanity, a walk-in closet, a tub/shower combination, a separate linen closet, and a water closet for added privacy. Experience the convenience and charm of the Edison floorplan. Contact us today to schedule a tour and learn more about making this beautiful home yours!

ⓘ 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: $21,000
• − Mortgage interest: −$12,936
• − Property taxes: −$3,464
• − Insurance: −$1,155
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$6,718
• Taxable loss: −$6,634
• Est. tax savings @ 24.0%: +$1,592
• After-tax cash flow: $-970/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

-2.5% since first listed

3 events — show timeline

• 2025-09-13 Price Changed $233,900 Zillow
• 2025-09-03 Price Changed $240,900 Zillow
• 2025-07-03 Listed $239,900 Zillow