115 Silverwood DrSlidellLA70461
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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 Slidell at 115 Silverwood Dr, Slidell, LA, 70461 offers a 10.4% rental yield on a $259,500 purchase with $2,250/mo rent. Total monthly income registers $2,250/mo, and a $1,270/mo payment leaves $643/mo available for distribution. Annual cash flow reaches $7,712/yr on $86,024 to close, and return on cash invested stands at 28.87% in year one. Equity gained on principal adds $1,675/yr while 5% annual appreciation supports $71,695 over five years. Portfolio math shows five-year ROI at 150.94% and total cumulative return in cash at $129,845. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,250/mo property income against a $1,270/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70461, Slidell, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,007 (100%) |
| Owner Occupied HU | 9,970 (71.2%) |
| Renter Occupied HU | 2,897 (20.7%) |
| Vacant Housing Units | 1,140 ( 8.1%) |
| Median Home Value | $277,803 |
| Average Home Value | $314,708 |
Housing Distribution
Address Breakdown
Residential
13,478
Single Family
12,464
Multi-Family
1,014
Businesses
579
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Listed by: Theata Mason • New Day Properties
Mls Name: GSREIN
Mls Provider:
Mls ID: #2491695
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.