208 Chateau PapillonMandevilleLA70448
Nearby investment properties with comparable rents
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 208 Chateau Papillon, Mandeville, LA, 70448 offers $3,960/mo rent that, after a $3,532/mo payment. Total monthly income is $3,960/mo. Return on cash invested measures 17.21% in year one, and rental yield stands at 6.58% at a $721,680 entry. Equity gained on principal adds $4,657/yr while 5% annual appreciation compounds into $199,387 by year five. Five-year ROI records 88.43% and total cumulative return in cash reaches $209,970. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,960/mo property income versus a $3,532/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.26 Acres lot
$N/A/sqft
$323 semi-annually 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: Cara Rareshide • Crescent Sotheby's International Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2468868
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