230 Delta DrMandevilleLA70448
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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 230 Delta Dr, Mandeville, LA, 70448 at $609,000 posts ROI 20.58% with $86/mo cash flow from $3,960/mo rent. Total monthly income equals $3,960/mo, and annual cash flow records $1,036/yr on $200,361 to close. Return on cash invested measures 20.58% and rental yield reads 7.8% at the current $609,000. Equity gained on principal adds $3,930/yr, and 5% annual appreciation supports $168,255 by year five. Five-year ROI prints 106.63% and total cumulative return in cash totals $213,653.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,960/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
0.29 Acres lot
$N/A/sqft
$303 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: Carol Miramon • United Real Estate Partners
Mls Name: GSREIN
Mls Provider:
Mls ID: #2506763
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.