24980 Berry Ridge Ln · Springfield, LA 70462

$224,900

4 bd · 2.0 ba · 1,576 sqft · SingleFamily · 21 Days on market

Built 2026 Excellent condition 7,013 sqft lot $47/mo HOA · 2% 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).

• Cash flow +10.1/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• Schools +4.0/10.0
• 1% rule +3.3/10.0
• Livability +3.1/5.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0

Listing remarks MLS

Welcome to, a new home in Springfield, LA. The Bay Leaf is a single-story new construction home offering 4 bedrooms, 2 bathrooms, and a 1-car garage across 1,576 square feet of comfortable, thoughtfully planned living space. Designed for modern living, this open-concept floor plan is perfect for families, entertainers, first-time buyers, and anyone searching for a functional and stylish home. Step inside from the covered front porch into a welcoming foyer with convenient access to the laundry room. The Bay Leaf opens into a bright, flowing layout where the kitchen, dining, and living room come together seamlessly, creating the ideal space for everyday living and gathering with friends and family. The modern kitchen features a spacious island overlooking the living area, a walk-in pantry, and easy access to the dining room. Homebuyers will love the stainless-steel appliances, including a stove, microwave hood, and dishwasher, paired with beautiful 3 cm granite countertops throughout, adding durability, style, and value. The primary bedroom suite, located privately toward the rear of the home, offers a relaxing retreat complete with a large walk-in closet and a well-appointed bathroom with dual-sink vanity and linen storage. Three additional secondary bedrooms are thoughtfully positioned throughout the home, providing flexibility for children's rooms, guest space, home office needs, or hobby areas, all supported by a conveniently located second full bathroom. A covered back patio extends your living space outdoors, perfect for enjoying quiet mornings, weekend grilling, or evening relaxation. With its smart layout, efficient design, and well-balanced living areas, The Bay Leaf delivers comfort and convenience in every square foot. Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

Key facts

• Modern kitchen
• Granite countertops
• Walk-in pantry

Tags

• NEW CONSTRUCTION HOME
• OPEN-CONCEPT FLOOR PLAN
• MODERN KITCHEN
• WALK-IN PANTRY
• STAINLESS-STEEL APPLIANCES
• GRANITE COUNTERTOPS

Property features AI

Finance

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

Exterior

• Parking: 2 parking spaces total; Garage with garage door opener; Driveway
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single-family residence (detached); 1 story; Under construction; New construction; Model: Bay Leaf; Built by D.R. Horton, Inc. - Gulf Coast
• Construction: Vinyl siding with frame construction; Shingle roof; Slab foundation; Home warranty included
• Exterior features: Covered patio and porch; Rectangular lot; Frontage about 59 ft

Interior

• Kitchen: Range; Oven; Microwave; Disposal; Stainless steel appliances
• Flooring: Tile; Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Stainless steel appliances; Disposal; Microwave; Smoke detectors
• 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 — $227,164.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $225k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-131 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (7.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (16.4% below list).
• Recommended offer: $188k (16.4% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 4.4% in Springfield — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 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 $24k 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 ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 21 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 $188,069 (16.4% 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: 0.83% ✗
• Cap rate: 5.60%
• Cash-on-cash: -2.47%
• DSCR: 0.89
• GRM: 10.1

CMA / ARV

• ARV (median comp): $227,164
• List price: $224,900
• Delta: -1.00%
• Verdict: FAIR
• Comps: 13 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24759 Berry Ridge Ln	0.02mi	3/2.0 (-1)	1,543 (-2%)	1mo	$231,900	$150	90
24801 Berry Ridge Ln	0.02mi	4/2.0	1,555 (-1%)	9mo	$239,900	$154	89
25010 Berry Ridge Ln	0.28mi	4/2.0	1,555 (-1%)	1mo	$232,900	$150	84
24782 Berry Ridge Ln	0.02mi	3/2.0 (-1)	1,386 (-12%)	0mo	$214,900	$155	74
24777 Berry Ridge Ln	0.33mi	3/2.0 (-1)	1,543 (-2%)	6mo	$223,900	$145	72
24825 Berry Ridge Ln	0.40mi	4/2.0	1,555 (-1%)	10mo	$239,900	$154	71
24771 Berry Ridge Ln	0.02mi	3/2.0 (-1)	1,343 (-15%)	4mo	$233,900	$174	66
24986 Berry Ridge Ln	0.23mi	3/2.0 (-1)	1,386 (-12%)	2mo	$212,900	$154	63
24789 Berry Ridge Ln	0.02mi	3/2.0 (-1)	1,343 (-15%)	9mo	$229,900	$171	62
24807 Berry Ridge Ln	0.05mi	3/2.0 (-1)	1,343 (-15%)	9mo	$229,900	$171	61
24747 Berry Ridge Ln	0.27mi	3/2.0 (-1)	1,343 (-15%)	1mo	$222,900	$166	56
24813 Berry Ridge Ln	0.39mi	3/2.0 (-1)	1,343 (-15%)	10mo	$229,900	$171	44

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: 22.5%
• Equity multiple: 2.81×
• Total profit: $115,425
• Equity at exit: $204,647

10-year hold

• IRR: 20.2%
• Equity multiple: 6.45×
• Total profit: $346,589
• Equity at exit: $441,329

Cash invested: $63,606 (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: 10.0×

Monthly cashflow live

• Estimated rent: $1,881 medium
• Mortgage (P&I): −$1,191
• Tax est. 1.5%: −$284 /mo · $3,407/yr
• Insurance: −$95
• HOA: −$47
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $-131

Break-even live

Break-even rent $2,047

Max offer price $208,189

Occupancy floor —

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: $56,791
• Closing costs: $6,815
• 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	43d	1	1.22mi
23318 Fairway Gardens Ct Springfield, LA	3.0	2.0	1607	$2,000	$1.24	23d	1	1.26mi

HOA detail

• Monthly dues: $47 · $564/yr

Listing history 11 events

1. 2026-06-10
   status $224,900 Pending 21 DOM
2. 2026-06-09
   days on market $224,900 Active 21 DOM

   Show marketing remark (1853 chars)

   Welcome to, a new home in Springfield, LA. The Bay Leaf is a single-story new construction home offering 4 bedrooms, 2 bathrooms, and a 1-car garage across 1,576 square feet of comfortable, thoughtfully planned living space. Designed for modern living, this open-concept floor plan is perfect for families, entertainers, first-time buyers, and anyone searching for a functional and stylish home. Step inside from the covered front porch into a welcoming foyer with convenient access to the laundry room. The Bay Leaf opens into a bright, flowing layout where the kitchen, dining, and living room come together seamlessly, creating the ideal space for everyday living and gathering with friends and family. The modern kitchen features a spacious island overlooking the living area, a walk-in pantry, and easy access to the dining room. Homebuyers will love the stainless-steel appliances, including a stove, microwave hood, and dishwasher, paired with beautiful 3 cm granite countertops throughout, adding durability, style, and value. The primary bedroom suite, located privately toward the rear of the home, offers a relaxing retreat complete with a large walk-in closet and a well-appointed bathroom with dual-sink vanity and linen storage. Three additional secondary bedrooms are thoughtfully positioned throughout the home, providing flexibility for children's rooms, guest space, home office needs, or hobby areas, all supported by a conveniently located second full bathroom. A covered back patio extends your living space outdoors, perfect for enjoying quiet mornings, weekend grilling, or evening relaxation. With its smart layout, efficient design, and well-balanced living areas, The Bay Leaf delivers comfort and convenience in every square foot. Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

3. 2026-06-08
   days on market $224,900 Active 20 DOM
4. 2026-06-07
   days on market $224,900 Active 19 DOM
5. 2026-06-03
   days on market $224,900 Active 15 DOM
6. 2026-06-02
   days on market $224,900 Active 14 DOM
7. 2026-06-01
   days on market $224,900 Active 13 DOM
8. 2026-05-31
   days on market $224,900 Active 12 DOM
9. 2026-05-31
   days on market $224,900 Active 11 DOM
10. 2026-05-19
    listed $224,900 Active 1859-char remark

    Show marketing remark (1853 chars)

    Welcome to, a new home in Springfield, LA. The Bay Leaf is a single-story new construction home offering 4 bedrooms, 2 bathrooms, and a 1-car garage across 1,576 square feet of comfortable, thoughtfully planned living space. Designed for modern living, this open-concept floor plan is perfect for families, entertainers, first-time buyers, and anyone searching for a functional and stylish home. Step inside from the covered front porch into a welcoming foyer with convenient access to the laundry room. The Bay Leaf opens into a bright, flowing layout where the kitchen, dining, and living room come together seamlessly, creating the ideal space for everyday living and gathering with friends and family. The modern kitchen features a spacious island overlooking the living area, a walk-in pantry, and easy access to the dining room. Homebuyers will love the stainless-steel appliances, including a stove, microwave hood, and dishwasher, paired with beautiful 3 cm granite countertops throughout, adding durability, style, and value. The primary bedroom suite, located privately toward the rear of the home, offers a relaxing retreat complete with a large walk-in closet and a well-appointed bathroom with dual-sink vanity and linen storage. Three additional secondary bedrooms are thoughtfully positioned throughout the home, providing flexibility for children's rooms, guest space, home office needs, or hobby areas, all supported by a conveniently located second full bathroom. A covered back patio extends your living space outdoors, perfect for enjoying quiet mornings, weekend grilling, or evening relaxation. With its smart layout, efficient design, and well-balanced living areas, The Bay Leaf delivers comfort and convenience in every square foot. Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

11. 2026-03-31
    listed $224,900 Active 243-char remark

ⓘ 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: $22,568
• − Mortgage interest: −$12,725
• − Property taxes: −$3,407
• − Insurance: −$1,136
• − Repairs & maintenance: −$1,805
• − Management: −$1,805
• − HOA: −$564
• − Depreciation: −$6,608
• Taxable loss: −$5,483
• Est. tax savings @ 24.0%: +$1,316
• After-tax cash flow: $-258/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.

Condition & rehab AI · 1 photo

Excellent 100/100 None rehab

This single-story home in Springfield, LA is a new construction with no visible signs of wear or damage. It is move-in ready and ideal for families, entertainers, and first-time buyers.

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

+0.0% since first listed

4 events — show timeline

• 2026-06-09 Pending — AcadianaMLS
• 2026-06-09 Pending — GBRMLS
• 2026-05-19 Listed $224,900 GBRMLS
• 2026-05-19 Listed $224,900 AcadianaMLS