737 Heavens Dr APT 7MandevilleLA70471
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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 737 Heavens Dr APT 7, Mandeville, LA, 70471 offers a 9.11% rental yield on a $148,000 purchase with $1,124/mo rent. Total monthly income registers $1,124/mo, and a $724/mo payment leaves $208/mo available for distribution. Annual cash flow reaches $2,491/yr on $49,062 to close, and return on cash invested stands at 24.99% in year one. Equity gained on principal adds $955/yr while 5% annual appreciation supports $40,890 over five years. Portfolio math shows five-year ROI at 130.1% and total cumulative return in cash at $63,830. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,124/mo property income against a $724/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
500.94 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: Jennifer Hayes • REACH Real Estate Solutions
Mls Name: GSREIN
Mls ID: #2525539