1144 Scarlet Oak LnMandevilleLA70448
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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
Investment property for sale in Mandeville at 1144 Scarlet Oak Ln, Mandeville, LA, 70448 uses $190,491 cash to close to unlock $3,332/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $3,960/mo, and a $2,834/mo payment keeps the spread at $278/mo. Purchase price stands at $579,000, and rental yield measures 8.21% with $3,960/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 113.23% and total cumulative return in cash records $215,695. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,960/mo property income covering a $2,834/mo payment rather than investor’s personal income.
Single Family
Built in 2009
0.29 Acres lot
$N/A/sqft
$287 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70448, Mandeville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,854 (100%) |
| Owner Occupied HU | 8,376 (77.2%) |
| Renter Occupied HU | 1,932 (17.8%) |
| Vacant Housing Units | 546 ( 5.0%) |
| Median Home Value | $356,427 |
| Average Home Value | $392,692 |
Housing Distribution
Address Breakdown
Residential
10,367
Single Family
9,792
Multi-Family
575
Businesses
782
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Listed by: Tina Smith • K2 Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2488458
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.