406 Mariners Is #2FMandevilleLA70448
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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 406 Mariners Is #2F, Mandeville, LA, 70448 offers a 7.47% rental yield on a $399,000 purchase with $2,484/mo rent. Total monthly income registers $2,484/mo, and a $1,953/mo payment leaves $12/mo available for distribution. Annual cash flow reaches $148/yr on $132,269 to close, and return on cash invested stands at 20.02% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 103.46% and total cumulative return in cash at $136,850. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,484/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
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: Molly Koenig • McEnery Residential, LLC
Mls Name: GSREIN
Mls ID: #2529391