635 Lafitte St APT 4MandevilleLA70448
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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
Rental property for sale in Mandeville at 635 Lafitte St APT 4, Mandeville, LA, 70448 generates $2,459/mo in rent and, after a $1,640/mo payment, leaves $384/mo in cash flow. Total monthly income is $2,459/mo, and annual cash flow is $4,602/yr on $111,053 invested. Return on cash invested sits at 24.05% in year one, and rental yield is 8.81% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 125.08% and total cumulative return in cash sums $138,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,459/mo property income rather than buyer’s personal income.
Condo
Built in 2008
683.89 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: Gregg Tepper • Keller Williams Realty Services
Mls Name: GSREIN
Mls ID: #2535382