415 S Ridge DrMandevilleLA70448
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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 415 S Ridge Dr, Mandeville, LA, 70448 with 5% annual appreciation on a $279,900 basis while $1,899/mo rent supports operations. Total monthly income totals $1,899/mo and a $1,370/mo payment preserves $165/mo for cash returns. Annual cash flow comes to $1,982/yr on $92,787 deployed, and return on cash invested reaches 22.04% in year one. Equity gained on principal adds $1,806/yr, and five-year appreciation sums $77,331 alongside rental yield of 8.14%. Five-year ROI measures 114.33% and total cumulative return in cash totals $106,081.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,899/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
7,866 sqft 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: Image Hasselbeck • Community RealEstate LLC
Mls Name: GSREIN
Mls ID: #2536855