2308 Pelican StSlidellLA70460
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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 2308 Pelican St, Slidell, LA, 70460 uses $39,780 cash to close to unlock $2,520/yr annual cash flow and $210/mo monthly cash flow. Total monthly income runs $953/mo, and a $587/mo payment keeps the spread at $210/mo. Purchase price stands at $120,000, and rental yield measures 9.53% with $953/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 136.82% and total cumulative return in cash records $54,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $953/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1996
7,074 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70460, Slidell, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,824 (100%) |
| Owner Occupied HU | 6,870 (69.9%) |
| Renter Occupied HU | 2,314 (23.6%) |
| Vacant Housing Units | 640 ( 6.5%) |
| Median Home Value | $215,235 |
| Average Home Value | $269,710 |
Housing Distribution
Address Breakdown
Residential
9,301
Single Family
8,744
Multi-Family
557
Businesses
527
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Listed by: Bryan Jourdain • Social Realty, LLC
Mls Name: GSREIN
Mls Provider:
Mls ID: #2507174
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.