800-802 Carroll StMandevilleLA70448
Nearby investment properties with comparable rents
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
Investment property for sale in Mandeville at 800-802 Carroll St, Mandeville, LA, 70448 offers a 9.05% rental yield on a $524,900 purchase with $3,960/mo rent. Total monthly income registers $3,960/mo, and a $2,569/mo payment leaves $709/mo available for distribution. Annual cash flow reaches $8,504/yr on $172,692 to close, and return on cash invested stands at 24.98% in year one. Equity gained on principal adds $3,387/yr while 5% annual appreciation supports $145,020 over five years. Portfolio math shows five-year ROI at 130.04% and total cumulative return in cash at $224,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,960/mo property income against a $2,569/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2004
10,693 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jarred Tolar • Century 21 J. Carter & Company
Mls Name: GSREIN
Mls ID: #2518776