316 Providence Bay RdSlidellLA70461
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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 316 Providence Bay Rd, Slidell, LA, 70461 uses $135,584 cash to close to unlock $1,300/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $2,682/mo, and a $2,002/mo payment keeps the spread at $108/mo. Purchase price stands at $409,000, and rental yield measures 7.87% with $2,682/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 108.14% and total cumulative return in cash records $146,625. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,682/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Single Family
Built in 2021
7,500 sqft lot
$N/A/sqft
$480 annually 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: Kelly Bernard • REMAX ALLIANCE
Mls Name: GSREIN
Mls Provider:
Mls ID: #2496212
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.