116 Chinchuba Gardens Dr · Mandeville, LA 70471

$298,000

3 bd · 2.0 ba · 2,375 sqft · SingleFamily public records · 76 Days on market

Built 1992 $125/sqft · 28% below area Est $414k · 28% under ↓ 4% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +3.3/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you'll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe's (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

Key facts

• Garage
• Built 1992
• Listed 76 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $298k.

Deal economics

• At list price, monthly cash flow is $82 ($986/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $237k (20.3% below list).
• Recommended offer: $237k (20.3% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.5% in Mandeville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#13 in LA, #3,224 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: amenities F, commute F.
• St. Tammany Parish (suburban): math 43% / reading 55% proficiency, ranked #11 of 98 in LA (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.3%/yr); 225 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• St. Tammany County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($280k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $237,487 (20.3% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.18%
• DSCR: 1.05
• GRM: 10.5

CMA / ARV

• ARV (median comp): $414,091
• List price: $298,000
• Delta: -28.04%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
143 Chinchuba Gardens Dr	0.08mi	4/2.5 (+1)	2,424 (+2%)	10mo	$490,000	$202	78
220 Shaunell Dr	0.48mi	4/2.5 (+1)	2,355 (-1%)	8mo	$350,000	$149	63
180 Devon Dr	0.68mi	4/2.5 (+1)	2,335 (-2%)	1mo	$417,500	$179	58
1242 Clearwater Dr	0.59mi	4/2.5 (+1)	2,488 (+5%)	0mo	$449,900	$181	57
555 Laura South Dr	0.56mi	3/2.5	2,489 (+5%)	8mo	$492,000	$198	57
43 Forest Green Dr	0.60mi	4/2.0 (+1)	2,223 (-6%)	1mo	$385,000	$173	55
107 Brookside Dr	0.44mi	4/2.0 (+1)	2,558 (+8%)	8mo	$383,700	$150	55
1278 Springwater Dr	0.68mi	4/3.0 (+1)	2,287 (-4%)	1mo	$460,000	$201	52
751 Rue Marseille	0.63mi	4/2.0 (+1)	2,209 (-7%)	3mo	$415,000	$188	52
1262 Springwater Dr	0.67mi	4/3.0 (+1)	2,561 (+8%)	8mo	$434,000	$169	40
426 Devon Dr	0.64mi	4/2.0 (+1)	2,670 (+12%)	8mo	$399,000	$149	38
1285 Ridge Way Dr	0.74mi	4/3.0 (+1)	2,685 (+13%)	8mo	$467,000	$174	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.32% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.49×
• Total profit: $-42,417
• Equity at exit: $44,433

10-year hold

• IRR: -5.0%
• Equity multiple: 0.67×
• Total profit: $-27,548
• Equity at exit: $25,766

Cash invested: $83,440 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70471

• Home prices YoY: -29.2%
• Rents YoY: 3.3%
• Active inventory: 225
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,375 high
• Mortgage (P&I): −$1,563
• Tax from tax record: −$107 /mo · $1,285/yr
• Insurance: −$124
• HOA: −$0
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $82

Break-even live

Break-even rent $2,271

Max offer price $298,000

Occupancy floor 92%

Sensitivity live

Price	-10% $251	-5% $166	+0% $82	+5% $-2	+10% $-87
Rent	-10% $-105	-5% $-12	+0% $82	+5% $176	+10% $270
Rate	-1.0pp $232	-0.5pp $158	base $82	+0.5pp $5	+1.0pp $-74

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,500
• Closing costs: $8,940
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
125 Leah Dr Mandeville, LA	4.0	3.0	2106	$2,900	$1.38	4d	1	0.77mi
110 Oak Aly Mandeville, LA	4.0	3.5	2100	$2,750	$1.31	44d	1	0.92mi
217 Rue Esplanade Mandeville, LA	4.0	3.5	3366	$3,400	$1.01	44d	1	1.00mi
1206 Rue Degas Mandeville, LA	4.0	3.5	3044	$2,800	$0.92	44d	1	1.00mi
1207 Rue Renoir Mandeville, LA	2.0	2.5	2041	$2,700	$1.32	44d	1	1.02mi
109 Walnut St Mandeville, LA	3.0	3.0	1597	$2,100	$1.31	24d	1	1.04mi
539 Barbara Pl Mandeville, LA	4.0	2.0	2200	$2,800	$1.27	44d	1	1.06mi
127 Oakwood Dr Mandeville, LA	4.0	2.0	2000	$2,000	$1.00	44d	1	1.18mi
611 Magnolia Ridge Dr E Mandeville, LA	4.0	2.0	2120	$2,850	$1.34	44d	1	1.30mi
9 Trace Loop Mandeville, LA	3.0	2.0	1660	$2,300	$1.39	24d	1	1.31mi
68 Trace Loop Mandeville, LA	3.0	2.0	1747	$2,000	$1.14	24d	1	1.33mi
705 Tops L Dr Mandeville, LA	2.0	2.5	1783	$1,800	$1.01	44d	1	1.34mi
203 Tops L Dr #203 Mandeville, LA	2.0	2.5	1750	$1,650	$0.94	44d	1	1.34mi
409 Tops L Dr Mandeville, LA	2.0	2.5	1783	$1,800	$1.01	18d	1	1.35mi
2088 Timbercreek Ln Mandeville, LA	4.0	3.0	2170	$2,700	$1.24	44d	1	1.49mi

Listing history 21 events

1. 2026-06-18
   days on market $298,000 Active 76 DOM
2. 2026-06-17
   days on market $298,000 Active 75 DOM
3. 2026-06-16
   days on market $298,000 Active 74 DOM
4. 2026-06-15
   days on market $298,000 Active 73 DOM
5. 2026-06-13
   days on market $298,000 Active 71 DOM
6. 2026-06-10
   days on market $298,000 Active 68 DOM
7. 2026-06-09
   days on market $298,000 Active 67 DOM
8. 2026-06-08
   days on market $298,000 Active 66 DOM
9. 2026-06-07
   days on market $298,000 Active 65 DOM
10. 2026-06-03
    days on market $298,000 Active 61 DOM
11. 2026-06-02
    days on market $298,000 Active 60 DOM
12. 2026-06-01
    days on market $298,000 Active 59 DOM
13. 2026-05-31
    days on market $298,000 Active 58 DOM
14. 2026-05-18
    status Active 1972-char remark

    Show marketing remark (1984 chars)

    Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you’ll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe’s (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

15. 2026-05-18
    status Active 1984-char remark

    Show marketing remark (1984 chars)

    Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you’ll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe’s (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

16. 2026-05-11
    status Pending 1972-char remark

    Show marketing remark (1984 chars)

    Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you’ll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe’s (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

17. 2026-05-11
    historical Active Under Contract 1984-char remark

    Show marketing remark (1984 chars)

    Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you’ll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe’s (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

18. 2026-05-01
    price $298,000 1972-char remark

    Show marketing remark (1984 chars)

    Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you’ll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe’s (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

19. 2026-05-01
    price $298,000 1984-char remark

    Show marketing remark (1984 chars)

    Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you’ll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe’s (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

20. 2026-04-03
    listed $309,000 Active 1972-char remark

    Show marketing remark (1984 chars)

    Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you’ll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe’s (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

21. 2026-04-03
    listed $309,000 Active 1984-char remark

    Show marketing remark (1984 chars)

    Welcome to Chinchuba Gardens, a serene neighborhood tucked among mature trees in the heart of Mandeville! This charming raised cottage offers peaceful living at its finest, with plentiful porch space to enjoy, a beautifully landscaped yard for relaxation, and stunning custom details throughout. The covered front porch wraps around front of home, highlighted by a beautiful solid wood entry door with lantern. The entry foyer opens into spacious living area with recessed lighting, anchored by a two-sided gas fireplace. The property features beautiful custom millwork and trim throughout, including transoms, gorgeous double pocket doors between living area and kitchen, cased doorways throughout, wainscoting, and crown moulding, and built-ins. The kitchen is well-equipped and boasts sleek stainless steel appliances, a center island with work sink, separate double-basin stainless sink, custom cabinetry, plentiful counter space, wine rack, and pantry. A side door offers easy kitchen access from driveway. Just off the kitchen, you’ll find the a bedroom/office with built-in shelving and French doors leading to back porch. The primary bedroom features dual closets, wainscoting, as well as ensuite bathroom with garden tub and separate shower, dual vanities, stained glass, linen closet, and millwork detailing. The additional bedroom is generously-sized, and serviced by a full bathroom. Separate laundry room. Driveway offers plenty of parking, with detached 1-car garage, approximately 600 sqft. Two separate sheds offer additional storage space. Newer HVAC, water heater, and dishwasher (~5 yrs young), newer roof (~8 yrs young). No water or sewerage bill because it's on private utilities; Septic has new aerator and just pumped out. Great Mandeville location within walking and easy driving distance to Home Goods, Trader Joe’s (coming soon), and more! Priced below market value due to subfloor repairs needed. Property may not qualify for certain loan types.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast LA · Resets to sale price

• Current annual tax: $1,285 · $107/mo
• Projected year-2 tax: $1,639 · $137/mo
• Expected delta: +$354/yr (+$29/mo · 27.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $28,498
• − Mortgage interest: −$16,693
• − Property taxes: −$1,285
• − Insurance: −$1,490
• − Repairs & maintenance: −$2,280
• − Management: −$2,280
• − Depreciation: −$8,669
• Taxable loss: −$4,198
• Est. tax savings @ 24.0%: +$1,008
• After-tax cash flow: $1,993/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: St. Tammany Parish
• NCES district ID: 2201650
• Math proficiency: 43% ▼ -32.00%
• Reading proficiency: 55% ▼ -26.00%
• Median HH income: $61,752
• Composite: 43.04/100
• National rank: #3098
• State rank: #11 of 98 in LA

Livability — Mandeville

• Score: 77/100
• State rank: #13
• US rank: #3224

Category grades

Amenities F Commute F Cost of living C Crime A Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Tammany Parish · 228,296 people
• City population: 50,537
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 24,199
• Household income: $96,501
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 475.0

Population outlook (St. Tammany County) Hauer SSP2

• Today (2025): 286,725 people
• By 2030: 304,175 · +6.1%
• By 2040: 336,203 · +17.3%
• By 2050: 364,590 · +27.2%
• By 2075: 433,362 · +51.1%
• By 2100: 470,333 · +64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 8% Hispanic / Latino 8% Asian 2% Native American 1% Black 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 15% Italian 2% Romanian 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · St. Tammany

• 2024 margin: Solid R (+43.8) · D 27.3% · R 71.1% · Other 1.6%
• 2008→2024 swing: +9.6pp toward D · 2008: -53.4pp · 2024: -43.8pp
• All cycles: 2024: R+43.8 2020: R+44.2 2016: R+50.8 2012: R+52.2 2008: R+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -77.41%
• Current HPI: 188.0159
• Rent YoY: ▲ 3.32%
• Metro: New Orleans-Metairie, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

-3.6% since first listed

8 events — show timeline

• 2026-05-18 Relisted — AcadianaMLS
• 2026-05-18 Relisted — GSREIN
• 2026-05-11 Pending — AcadianaMLS
• 2026-05-11 Contingent — GSREIN
• 2026-05-01 Price Changed $298,000 AcadianaMLS
• 2026-05-01 Price Changed $298,000 GSREIN
• 2026-04-03 Listed $309,000 GSREIN
• 2026-04-03 Listed $309,000 AcadianaMLS

Property tax history

-5.7%/yr

Latest (2025): $1,285 · -3.6% YoY. Source: county tax records.