180 Devon Dr, Mandeville, LA, 70448 | $275/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mandeville at 180 Devon Dr, Mandeville, LA, 70448 priced at $436,000 converts $2,976/mo rent into $275/mo cash flow after a $2,134/mo obligation. Total monthly income equals $2,976/mo, and annual cash flow totals $3,302/yr on $144,534 invested. Return on cash invested prints 22.19% in year one, and rental yield reads 8.19% against a $436,000 entry. Equity gained on principal adds $2,813/yr, while 5% annual appreciation compiles into $120,459 by year five. Five-year ROI reaches 115.12% and total cumulative return in cash sums $166,394. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,976/mo property income covering a $2,134/mo payment, not borrower’s personal income.

Single Family

Built in 1992

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