515 Spartan Dr APT 7206, Slidell, LA, 70458 | $179/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

515 Spartan Dr APT 7206, Slidell, LA, 70458 | $179/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1032 sft

4601 Reynes St, New Orleans, LA, 70126

3 Bed
3 Bath
1512 sft

7113 Barrington Ct, New Orleans, LA, 70128

4 Bed
6 Bath
2000 sft

4126 Gibson St, New Orleans, LA, 70122

2 Bed
1 Bath
1242 sft

4318 Plum Orchard St, New Orleans, LA, 70126

Nearby investment properties with comparable prices

Investment Property+ 1 more

3 Bed
2 Bath
1768 sft

7649 Berg St, New Orleans, LA, 70128

- Bed
- Bath
- sft

8729-31 Edinburgh St, New Orleans, LA, 70118

Investment Property+ 1 more

3 Bed
2 Bath
1848 sft

2724 Edna St, New Orleans, LA, 70126

2 Bed
1 Bath
976 sft

2739 & 2735 Jonquil St, New Orleans, LA, 70122

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Slidell at 515 Spartan Dr APT 7206, Slidell, LA, 70458 listed at $102,000 pairs $811/mo rent with a $499/mo payment to leave $179/mo cash flow. Total monthly income runs $811/mo, and annual cash flow reaches $2,153/yr on $33,813 cash to close. Return on cash invested measures 26.28% in year one, and rental yield registers 9.54% at a $102,000 basis. Equity gained on principal adds $658/yr, and annual property appreciation at 5% supports $28,181 by year five. Five-year ROI tracks 137.08% and total cumulative return in cash totals $46,352. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $811/mo property income relative to a $499/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2002

N/A lot

$N/A/sqft

No HOA

More details about the property

Well-maintained 1 bed, 1 bath condo located in "The Mansions" - a gated community that comes equipped with a clubhouse, pool, gym, and business center. This condo has off-street garage parking, a private balcony, and in-unit laundry room with washer/dryer! Move in ready! Easy access to the interstate and local shopping! Installed BRAND NEW 2 ton elec/AC with heat. Schedule a showing today!

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