22059 Hoffman RdMandevilleLA70471
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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 22059 Hoffman Rd, Mandeville, LA, 70471 generates $2,396/mo in rent and, after a $1,492/mo payment, leaves $508/mo in cash flow. Total monthly income is $2,396/mo, and annual cash flow is $6,092/yr on $101,074 invested. Return on cash invested sits at 25.94% in year one, and rental yield is 9.43% on a $304,900 entry. Equity gained on principal adds $1,967/yr, while 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 135.17% and total cumulative return in cash sums $136,622. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,396/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
9,000 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: Sean McCord • Compass Mandeville (LATT15)
Mls Name: GSREIN
Mls ID: #2532248