303 Mariners Is #303MandevilleLA70448
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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 303 Mariners Is #303, Mandeville, LA, 70448 earns from $1,650/mo rent with a $3,157/mo payment. Total monthly income totals $1,650/mo. ROI tracks 6.8% on current figures, and rental yield reads 3.07% at a $645,000 purchase. Equity gained on principal adds $4,162/yr, and 5% annual appreciation supports $178,202 over five years. Five-year ROI reaches 32.51% and total cumulative return in cash sums $68,980. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,650/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No 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: Vince Liuzza III • Berkshire Hathaway HomeServices Preferred, REALTOR
Mls Name: GSREIN
Mls ID: #2528985