801 Lake Borgne CtSlidellLA70461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 801 Lake Borgne Ct, Slidell, LA, 70461 priced at $238,000 pairs $1,710/mo rent with $232/mo cash flow after a $1,165/mo payment. Total monthly income equals $1,710/mo, and annual cash flow comes to $2,787/yr on $78,897 invested. Return on cash invested is 23.44% in year one, and rental yield stands at 8.62% on a $238,000 basis. Equity gained on principal adds $1,536/yr, and 5% annual appreciation accumulates to $65,755 by year five. Five-year ROI measures 121.86% and total cumulative return in cash reaches $96,142. For financing, Ziffy Mortgage’s DSCR program evaluates $1,710/mo property income against a $1,165/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
8,276 sqft lot
$N/A/sqft
$40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Jo Doussan • RE/MAX Select
Mls Name: GSREIN
Mls Provider:
Mls ID: #2482451
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. [Click here for more information](/info/mls-disclaimers/#mls_250)