697 Sweet Bay DrMandevilleLA70448
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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 697 Sweet Bay Dr, Mandeville, LA, 70448 priced at $469,000 pairs $3,324/mo rent with $418/mo cash flow after a $2,296/mo payment. Total monthly income equals $3,324/mo, and annual cash flow comes to $5,020/yr on $155,474 invested. Return on cash invested is 23.14% in year one, and rental yield stands at 8.5% on a $469,000 basis. Equity gained on principal adds $3,026/yr, and 5% annual appreciation accumulates to $129,576 by year five. Five-year ROI measures 120.17% and total cumulative return in cash reaches $186,835. For financing, Ziffy Mortgage’s DSCR program evaluates $3,324/mo property income against a $2,296/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
0.30 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: Kimberly Higgins • Epique Realty
Mls Name: GSREIN
Mls ID: #2539054