1244 Harbor Dr UNIT 220, Slidell, LA, 70458 | 9.4% Rental Yield

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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

Total monthly income runs $1,238/mo, and a $773/mo payment. Purchase price stands at $158,000, and rental yield measures 9.4% with $1,238/mo rent. Return on cash invested shows 18.53% in year one, and 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 98.12% and total cumulative return in cash records $51,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,238/mo property income covering a $773/mo payment rather than investor’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

$320 monthly 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