466 Devon 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 466 Devon Dr, Mandeville, LA, 70448 listed at $350,000 pairs $2,421/mo rent with a $1,713/mo payment to leave $253/mo cash flow. Total monthly income runs $2,421/mo, and annual cash flow reaches $3,036/yr on $116,025 cash to close. Return on cash invested measures 22.53% in year one, and rental yield registers 8.3% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 116.86% and total cumulative return in cash totals $135,590. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,421/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
0.34 Acres 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: Troy Lazaro • Compass Metro (LATT01)
Mls Name: GSREIN
Mls ID: #2525273