304 River Landing 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
Rental property for sale in Slidell at 304 River Landing Dr, Slidell, LA, 70461 priced at $484,800 converts $2,250/mo rent into after a $2,373/mo obligation. Total monthly income equals $2,250/mo. Return on cash invested prints 14% in year one, and rental yield reads 5.57% against a $484,800 entry. Equity gained on principal adds $3,128/yr, while 5% annual appreciation compiles into $133,941 by year five. Five-year ROI reaches 71.27% and total cumulative return in cash sums $114,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,250/mo property income covering a $2,373/mo payment, not borrower’s personal income.
Single Family
Built in 2016
10,800 sqft lot
$N/A/sqft
$115 quarterly 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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Listed by: Erica Spano-Julian • Engel & Volkers Slidell - Mandeville
Mls Name: GSREIN
Mls Provider:
Mls ID: #2489142
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.