6696 Delta Ridge AveSlidellLA70461
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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 6696 Delta Ridge Ave, Slidell, LA, 70461 priced at $414,900 converts $2,880/mo rent into $248/mo cash flow after a $2,031/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $2,971/yr on $137,539 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 8.33% against a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation compiles into $114,629 by year five. Five-year ROI reaches 114.64% and total cumulative return in cash sums $157,670. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2025
9,234 sqft lot
$N/A/sqft
$745 annually 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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Listed by: Melissa Duncan • D.R.Horton Realty of Louisiana
Mls Name: GSREIN
Mls Provider:
Mls ID: #2500808
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.