223 North BlvdSlidellLA70458
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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 223 North Blvd, Slidell, LA, 70458 offers $2,040/mo rent that, after a $1,248/mo payment, leaves $461/mo cash flow. Total monthly income is $2,040/mo, and annual cash flow is $5,526/yr on $84,533 cash. Return on cash invested measures 26.45% in year one, and rental yield stands at 9.6% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 137.92% and total cumulative return in cash reaches $116,588. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.37 Acres 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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