317 Steele 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
Rental property for sale in Slidell at 317 Steele Rd, Slidell, LA, 70461 generates $2,242/mo in rent and, after a $1,542/mo payment, leaves $291/mo in cash flow. Total monthly income is $2,242/mo, and annual cash flow is $3,486/yr on $104,423 invested. Return on cash invested sits at 23.25% in year one, and rental yield is 8.54% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 120.77% and total cumulative return in cash sums $126,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,242/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.33 Acres 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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