238 Spinnaker 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
Rental property for sale in Slidell at 238 Spinnaker Dr, Slidell, LA, 70458 priced at $599,000 converts $5,349/mo rent into $1,576/mo cash flow after a $2,932/mo obligation. Total monthly income equals $5,349/mo, and annual cash flow totals $18,910/yr on $197,071 invested. Return on cash invested prints 29.66% in year one, and rental yield reads 10.72% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 155.22% and total cumulative return in cash sums $305,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,349/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.40 Acres lot
$N/A/sqft
$750 annually 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: Kelly Snyder • Century 21 J. Carter & Company
Mls Name: GSREIN
Mls Provider:
Mls ID: #2495475
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.