1508 Sycamore PlMandevilleLA70448
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Nearby investment properties with comparable prices
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
Rental property for sale in Mandeville at 1508 Sycamore Pl, Mandeville, LA, 70448 priced at $369,000 converts $2,546/mo rent into $210/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,546/mo, and annual cash flow totals $2,524/yr on $122,324 invested. Return on cash invested prints 21.97% in year one, and rental yield reads 8.28% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 114.11% and total cumulative return in cash sums $139,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,546/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.28 Acres lot
$N/A/sqft
$50 monthly 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: Theresa Eschete • CBTEC BEAU CHENE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2493259
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