1951 University DrMandevilleLA70448
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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 1951 University Dr, Mandeville, LA, 70448 uses $124,313 cash to close to unlock $3,102/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $2,581/mo, and a $1,835/mo payment keeps the spread at $259/mo. Purchase price stands at $375,000, and rental yield measures 8.26% with $2,581/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 116.24% and total cumulative return in cash records $144,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,581/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1996
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: Scott McLaughlin • 1 Percent Lists
Mls Name: GSREIN
Mls ID: #2519009