248 Penns Chapel 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
Investment property for sale in Mandeville at 248 Penns Chapel Rd, Mandeville, LA, 70471 with 5% annual appreciation on a $1,024,000 basis while $2,880/mo rent supports operations. 84% in year one. Equity gained on principal adds $6,608/yr, and five-year appreciation sums $282,912 alongside rental yield of 3.38%. Five-year ROI measures 38.05% and total cumulative return in cash totals $126,243. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,880/mo property income versus a $5,012/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
0.91 Acres 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: Stacy Ferro • Prestige Properties of Louisiana, LLC
Mls Name: GSREIN
Mls ID: #2510870