600 W Howze Beach Rd #13-B, Slidell, LA, 70458 | $151/mo Cash Flow

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600 W Howze Beach Rd #13-B, Slidell, LA, 70458 | $151/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 600 W Howze Beach Rd #13-B, Slidell, LA, 70458 offers a 9.15% rental yield on a $105,000 purchase with $801/mo rent. Total monthly income registers $801/mo, and a $514/mo payment leaves $151/mo available for distribution. Annual cash flow reaches $1,806/yr on $34,808 to close, and return on cash invested stands at 25.1% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 130.74% and total cumulative return in cash at $45,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $801/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

WELL MAINTAINED CONDO ACROSS FROM FRITCHIE PARK. PURCHASE THIS CHARMING 1 BEDROOM, 1 BATH CONDO THAT OFFERS A FLEXIBLE LAYOUT WITH AN ADDITIONAL BONUS ROOM WHICH CAN BE USED AS A SECOND BEDROOM, OFFICE, PLAYROOM, GYM OR CREATIVE SPACE. DESIGNED WITH AN OPEN FLOORPLAN AND NO CARPET, THIS CONDO IS MOVE IN READY AND LOW MAINTENANCE. FEATURES INCLUDE: ONE CAR GARAGE FOR SECURE PARKING OR STORAGE. APPLIANCES INCLUDED FOR ADDED CONVENIENCE. GREAT LOCATION OFF OF OLD SPANISH TRAIL AND SPARTAN DR. WALKING DISTANCE FROM SALMEN HIGH SCHOOL, SHOPPING, EATERIES/DINING, ETC. EASY ACCESS TO THE INTERSTATE.WHETHER YOU'RE LOOKING FOR A PRIMARY RESIDENCE, RENTAL PROPERTY, AIR BNB, CORPORATE RENTAL, OR FURNISHED FINDER INVESTMENT, THIS CONDO CHECKS ALL THE BOXES!

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