1502 Jasmine StMandevilleLA70448
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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 1502 Jasmine St, Mandeville, LA, 70448 with 5% annual appreciation on a $209,900 basis while $1,510/mo rent supports operations. Total monthly income totals $1,510/mo and a $1,027/mo payment preserves $210/mo for cash returns. Annual cash flow comes to $2,522/yr on $69,582 deployed, and return on cash invested reaches 23.53% in year one. Equity gained on principal adds $1,354/yr, and five-year appreciation sums $57,992 alongside rental yield of 8.63%. Five-year ROI measures 122.35% and total cumulative return in cash totals $85,136.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,510/mo property income versus a $1,027/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
6,838 sqft lot
$N/A/sqft
No 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: Jared English • Congress Realty, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2498393
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.