721 Heavens Dr APT 6MandevilleLA70471
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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 721 Heavens Dr APT 6, Mandeville, LA, 70471 offers $1,160/mo rent that, after a $629/mo payment, leaves $94/mo cash flow. Total monthly income is $1,160/mo, and annual cash flow is $1,127/yr on $42,598 cash. Return on cash invested measures 22.56% in year one, and rental yield stands at 10.83% at a $128,500 entry. Equity gained on principal adds $829/yr while 5% annual appreciation compounds into $35,502 by year five. Five-year ROI records 119.81% and total cumulative return in cash reaches $51,036. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,160/mo property income versus a $629/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A 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: Lisa Martinez • Epique Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2510069
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.