268 E Lake DrSlidellLA70461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 268 E Lake Dr, Slidell, LA, 70461 at $240,000 posts ROI 23.06% with $209/mo cash flow from $1,696/mo rent. Total monthly income equals $1,696/mo, and annual cash flow records $2,508/yr on $79,560 to close. Return on cash invested measures 23.06% and rental yield reads 8.48% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 119.73% and total cumulative return in cash totals $95,258.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,696/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
7,087 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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