218 Tasmania CtSlidellLA70458
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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 218 Tasmania Ct, Slidell, LA, 70458 priced at $185,500 converts $1,439/mo rent into $290/mo cash flow after a $908/mo obligation. Total monthly income equals $1,439/mo, and annual cash flow totals $3,478/yr on $61,493 invested. Return on cash invested prints 25.57% in year one, and rental yield reads 9.31% against a $185,500 entry. Equity gained on principal adds $1,197/yr, while 5% annual appreciation compiles into $51,250 by year five. Five-year ROI reaches 133.15% and total cumulative return in cash sums $81,879. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,439/mo property income covering a $908/mo payment, not borrower’s personal income.
Single Family
Built in 1975
9,583 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: Donna Barbot • Engel & Volkers Slidell - Mandeville
Mls Name: GSREIN
Mls Provider:
Mls ID: #2441081
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