162 Northwood DrSlidellLA70458
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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 162 Northwood Dr, Slidell, LA, 70458 uses $69,284 cash to close to unlock $8,944/yr annual cash flow and $745/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,023/mo payment keeps the spread at $745/mo. Purchase price stands at $209,000, and rental yield measures 11.71% with $2,040/mo rent. Return on cash invested shows 32.82% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 172.11% and total cumulative return in cash records $119,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Single Family
Built in 1976
10,741 sqft 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: Gary Ogle • Sound Realty LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2471267
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