2873 Palm Dr #5SlidellLA70458
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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 2873 Palm Dr #5, Slidell, LA, 70458 generates $976/mo in rent, after a $612/mo payment. Total monthly income is $976/mo. Return on cash invested sits at 14.16% in year one, and rental yield is 9.37% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 76.29% and total cumulative return in cash sums $31,613. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $976/mo property income rather than buyer’s personal income.
Condo
Built in 1985
612 sqft 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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Listed by: Robbie Lipscomb • Downtown Realty
Mls Name: GSREIN
Mls Provider:
Mls ID: #2477272
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