215 Ridgewood CirMandevilleLA70471
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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 215 Ridgewood Cir, Mandeville, LA, 70471 with 5% annual appreciation on a $281,000 basis while $1,959/mo rent supports operations. Total monthly income totals $1,959/mo and a $1,375/mo payment preserves $219/mo for cash returns. Annual cash flow comes to $2,624/yr on $93,152 deployed, and return on cash invested reaches 22.73% in year one. Equity gained on principal adds $1,813/yr, and five-year appreciation sums $77,635 alongside rental yield of 8.37%. Five-year ROI measures 117.97% and total cumulative return in cash totals $109,895.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,959/mo property income versus a $1,375/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1981
8,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70471, Mandeville, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 6,832 (66.8%) |
| Renter Occupied HU | 2,630 (25.7%) |
| Vacant Housing Units | 767 ( 7.5%) |
| Median Home Value | $428,132 |
| Average Home Value | $457,705 |
Housing Distribution
Address Breakdown
Residential
9,580
Single Family
8,033
Multi-Family
1,547
Businesses
1,323
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Listed by: Barbara Scholl • Engel & Volkers Slidell - Mandeville
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499527
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.