228 E Lake DrSlidellLA70461
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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 228 E Lake Dr, Slidell, LA, 70461 with 5% annual appreciation on a $244,900 basis while $2,250/mo rent supports operations. Total monthly income totals $2,250/mo and a $1,199/mo payment preserves $733/mo for cash returns. Annual cash flow comes to $8,792/yr on $81,184 deployed, and return on cash invested reaches 30.74% in year one. Equity gained on principal adds $1,580/yr, and five-year appreciation sums $67,661 alongside rental yield of 11.02%. Five-year ROI measures 160.94% and total cumulative return in cash totals $130,661.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,250/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70461, Slidell, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,007 (100%) |
| Owner Occupied HU | 9,970 (71.2%) |
| Renter Occupied HU | 2,897 (20.7%) |
| Vacant Housing Units | 1,140 ( 8.1%) |
| Median Home Value | $277,803 |
| Average Home Value | $314,708 |
Housing Distribution
Address Breakdown
Residential
13,478
Single Family
12,464
Multi-Family
1,014
Businesses
579
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