235 Morningside DrMandevilleLA70471
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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 235 Morningside Dr, Mandeville, LA, 70471 listed at $959,500 pairs $6,430/mo rent with a $4,696/mo payment to leave $487/mo cash flow. Total monthly income runs $6,430/mo, and annual cash flow reaches $5,840/yr on $315,676 cash to close. Return on cash invested measures 21.91% in year one, and rental yield registers 8.04% at a $959,500 basis. Equity gained on principal adds $6,192/yr, and annual property appreciation at 5% supports $265,092 by year five. Five-year ROI tracks 113.55% and total cumulative return in cash totals $358,436. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,430/mo property income relative to a $4,696/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
N/A 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: Darlene Gurievsky • Berkshire Hathaway HomeServices Preferred, REALTOR
Mls Name: GSREIN
Mls ID: #2535761