115 Spruce CirSlidellLA70458
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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
Rental property for sale in Slidell at 115 Spruce Cir, Slidell, LA, 70458 priced at $249,900 converts $1,685/mo rent into $137/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,685/mo, and annual cash flow totals $1,646/yr on $82,842 invested. Return on cash invested prints 21.9% in year one, and rental yield reads 8.09% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 113.55% and total cumulative return in cash sums $94,070. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,685/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70458, Slidell, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,015 (100%) |
| Owner Occupied HU | 11,890 (66.0%) |
| Renter Occupied HU | 5,061 (28.1%) |
| Vacant Housing Units | 1,064 ( 5.9%) |
| Median Home Value | $249,480 |
| Average Home Value | $278,064 |
Housing Distribution
Address Breakdown
Residential
16,866
Single Family
14,807
Multi-Family
2,059
Businesses
1,542
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Listed by: Nathan Bell • Keller Williams NOLA Northlake
Mls Name: GSREIN
Mls Provider:
Mls ID: #2499150
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.