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$185,000

For Sale - Active
1333 Lafitte St, Mandeville, LA 70448
3 Beds
2 Baths
1,314 Square Feet
0.00 Acres Lot
Built in 1962
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Jun 21, 2025 at 03:03AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$411
Cap Rate
9.0%
Cash-on-Cash Return
11.6%
Debt Coverage Ratio
1.42
Internal Rate of Return (5 years)
15.3%

Property Description


0.00 Acres Lot
Built in 1962
For Sale - Active
Units n/a

Located in Old Mandeville, easy access to lakefront, causeway and all that Mandeville has to offer. Great Investment opportunity to fix up and live in or would make a great rental property. Has a chicken coop out back, playhouse that needs work still and a shed. Motivated Seller/Owner

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Location


Property Details


Parking

  • Description: Driveway, Boat, RVAccessParking
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Foundation: Raised
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 43740
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cottage
  • Year Built: 1962

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: St. Tammany Parish

Listing Details


Listed by:
Joelle Da Cruz
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100

Source:
Gulf South Real Estate Information Network
MLS#: 2495165
Gulf South Real Estate Information Network

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$411
Cap Rate
9.0%
Cash-on-Cash Return
11.6%
Debt Coverage Ratio
1.42
Internal Rate of Return (5 years)
15.3%

Purchase Details

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Purchase price:
$185,000
Amount financed:
-$148,000
Down payment:
$37,000
Closing costs:
$5,550
Rehab costs:
$0
Initial cash invested:
$42,550
Square feet:
1,314
Cost per square foot:
$141
Monthly rent per square foot:
$1.52

Financing Details

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Loan amount:
$148,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$969
Property tax:
$0
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,109

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$500-$6,000

Cash Flow


Monthly Yearly
Net operating income:
$1,380 $16,560
Mortgage payments:
-$969 -$11,628
Cash flow:
$411 $4,932