1490 Harbor Dr UNIT 309SlidellLA70458
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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
Total monthly income runs $876/mo, and a $563/mo payment. Purchase price stands at $115,000, and rental yield measures 9.14% with $876/mo rent. Return on cash invested shows 18.29% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 96.66% and total cumulative return in cash records $36,849. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $876/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A 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: Jeffery Lindsay • Keller Williams NOLA Northlake
Mls Name: GSREIN
Mls Provider:
Mls ID: #2493327
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.