37606 Nuevo StSlidellLA70458
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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 37606 Nuevo St, Slidell, LA, 70458 offers a 9.08% rental yield on a $195,000 purchase with $1,476/mo rent. Total monthly income registers $1,476/mo, and a $954/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,222/yr on $64,643 to close, and return on cash invested stands at 24.89% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 129.61% and total cumulative return in cash at $83,782. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,476/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
5,497 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: Jennifer Johnson • Baylane Property Services
Mls Name: GSREIN
Mls Provider:
Mls ID: #2454897
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