2240 Caroline StMandevilleLA70448
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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 2240 Caroline St, Mandeville, LA, 70448 listed at $649,500 pairs $3,960/mo rent with a $3,179/mo payment. Total monthly income runs $3,960/mo. Return on cash invested measures 19.7% in year one, and rental yield registers 7.32% at a $649,500 basis. Equity gained on principal adds $4,191/yr, and annual property appreciation at 5% supports $179,445 by year five. Five-year ROI tracks 101.72% and total cumulative return in cash totals $217,369. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,960/mo property income relative to a $3,179/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.32 Acres 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: JOHN CERNIGLIA • PREMIER PROPERTIES NORTHSHORE
Mls Name: GSREIN
Mls ID: #2519595