285 Oak 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 285 Oak Dr, Mandeville, LA, 70471 uses $147,518 cash to close to unlock $2,874/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $3,238/mo, and a $2,178/mo payment keeps the spread at $240/mo. Purchase price stands at $445,000, and rental yield measures 8.73% with $3,238/mo rent. Return on cash invested shows 21.86% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 114.02% and total cumulative return in cash records $168,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,238/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Single Family
Built in 1979
N/A lot
$N/A/sqft
$242 monthly 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: Cindi Raymond • CBTEC BEAU CHENE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2506087
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.