1424 Cherry 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
Investment property for sale in Slidell at 1424 Cherry St, Slidell, LA, 70460 listed at $221,000 pairs $2,066/mo rent with a $1,082/mo payment to leave $697/mo cash flow. Total monthly income runs $2,066/mo, and annual cash flow reaches $8,360/yr on $73,262 cash to close. Return on cash invested measures 31.32% in year one, and rental yield registers 11.22% at a $221,000 basis. Equity gained on principal adds $1,426/yr, and annual property appreciation at 5% supports $61,058 by year five. Five-year ROI tracks 164.06% and total cumulative return in cash totals $120,193. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,066/mo property income relative to a $1,082/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
N/A 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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