625 Ridgewood DrMandevilleLA70471
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Nearby investment properties with comparable prices
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
Rental property for sale in Mandeville at 625 Ridgewood Dr, Mandeville, LA, 70471 priced at $250,000 converts $1,685/mo rent into $136/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,685/mo, and annual cash flow totals $1,632/yr on $82,875 invested. Return on cash invested prints 21.88% in year one, and rental yield reads 8.09% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 113.4% and total cumulative return in cash sums $93,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,685/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1979
9,583 sqft lot
$N/A/sqft
No 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: Karen Guerra • LATTER & BLUM (LATT27)
Mls Name: GSREIN
Mls ID: #2517559