1237 S Magnolia StSlidellLA70460
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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 1237 S Magnolia St, Slidell, LA, 70460 priced at $198,000 converts $1,330/mo rent into $104/mo cash flow after a $969/mo obligation. Total monthly income equals $1,330/mo, and annual cash flow totals $1,243/yr on $65,637 invested. Return on cash invested prints 21.8% in year one, and rental yield reads 8.06% against a $198,000 entry. Equity gained on principal adds $1,278/yr, while 5% annual appreciation compiles into $54,704 by year five. Five-year ROI reaches 113.05% and total cumulative return in cash sums $74,200. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,330/mo property income covering a $969/mo payment, not borrower’s personal income.
Single Family
Built in 1954
1.62 Acres 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 |
Housing Distribution
Address Breakdown
Residential
9,301
Single Family
8,744
Multi-Family
557
Businesses
527
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