102 Riviera Dr, Slidell, LA, 70460 | $185/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Slidell at 102 Riviera Dr, Slidell, LA, 70460 priced at $309,000 converts $2,099/mo rent into $185/mo cash flow after a $1,512/mo obligation. Total monthly income equals $2,099/mo, and annual cash flow totals $2,224/yr on $102,434 invested. Return on cash invested prints 22.08% in year one, and rental yield reads 8.15% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. Five-year ROI reaches 114.52% and total cumulative return in cash sums $117,305. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,099/mo property income covering a $1,512/mo payment, not borrower’s personal income.

Single Family

Built in 1991

8,400 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 70460, Slidell, LA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,824 (100%)
Owner Occupied HU	6,870 (69.9%)
Renter Occupied HU	2,314 (23.6%)
Vacant Housing Units	640 ( 6.5%)
Median Home Value	$215,235
Average Home Value	$269,710