213 Richland Dr EMandevilleLA70448
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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
Rental property for sale in Mandeville at 213 Richland Dr E, Mandeville, LA, 70448 offers $2,491/mo rent that, after a $1,811/mo payment, leaves $146/mo cash flow. Total monthly income is $2,491/mo, and annual cash flow is $1,748/yr on $122,655 cash. Return on cash invested measures 21.33% in year one, and rental yield stands at 8.08% at a $370,000 entry. Equity gained on principal adds $2,388/yr while 5% annual appreciation compounds into $102,224 by year five. Five-year ROI records 110.68% and total cumulative return in cash reaches $135,749. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,491/mo property income versus a $1,811/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.27 Acres lot
$N/A/sqft
$160 quarterly 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: Nicole O'Callaghan • Dempsey Rogers, Inc.
Mls Name: GSREIN
Mls Provider:
Mls ID: #2478976
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