2308 Crossing CtMandevilleLA70448
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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 2308 Crossing Ct, Mandeville, LA, 70448 listed at $395,000 pairs $2,683/mo rent with a $1,933/mo payment to leave $188/mo cash flow. Total monthly income runs $2,683/mo, and annual cash flow reaches $2,258/yr on $130,943 cash to close. Return on cash invested measures 21.63% in year one, and rental yield registers 8.15% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 112.29% and total cumulative return in cash totals $147,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,683/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.62 Acres lot
$N/A/sqft
$145 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: Nathaniel DeMelo • Barden Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2503298
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.