503 Spartan Dr APT 2202, Slidell, LA, 70458 | $173/mo Cash Flow

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503 Spartan Dr APT 2202, Slidell, LA, 70458 | $173/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Slidell at 503 Spartan Dr APT 2202, Slidell, LA, 70458 uses $34,808 cash to close to unlock $2,070/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $823/mo, and a $514/mo payment keeps the spread at $173/mo. Purchase price stands at $105,000, and rental yield measures 9.41% with $823/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 134.8% and total cumulative return in cash records $46,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $823/mo property income covering a $514/mo payment rather than investor’s personal income.

Condo

Built in 1999

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

1 bed, 1 bath condo in the Mansions of Slidell. This spacious open floor plan is beaming with natural light. Enjoy the private covered balcony and private attatched garage. Also features a community clubhouse, pool, gym and more. This property is listed for lease and for sale.

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