16 Caribbean Ct #16MandevilleLA70448
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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 16 Caribbean Ct #16, Mandeville, LA, 70448 with 5% annual appreciation on a $239,900 basis while $1,649/mo rent supports operations. Total monthly income totals $1,649/mo and a $1,174/mo payment preserves $163/mo for cash returns. Annual cash flow comes to $1,958/yr on $79,527 deployed, and return on cash invested reaches 22.37% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 8.25%. Five-year ROI measures 116.09% and total cumulative return in cash totals $92,323.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,649/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
N/A 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: N/A • N/A
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