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1355 Brownswitch Rd
B+ Composite 79.33
Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Schools +5.7/10.0
  • Livability +3.5/5.0
  • Rent growth +2.9/5.0
  • Condition / age +2.2/5.0
  • Appreciation +0.0/10.0

$129,900

1355 Brownswitch Rd · Slidell, LA 70461
3 bd · 1.0 ba · 1,275 sqft · SingleFamily public records · 104 Days on market
Built 1980 Fair condition 0.39 ac lot $102/sqft · 42% below area Est $229k · 43% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Opportunity awaits with this versatile property just off Military Rd in a high-traffic location. Zoned C-2 Neighborhood Commercial/Residential, it allows for a variety of uses including residential, commercial, or a combination of both. Located in Flood Zone C, no flood insurance is required. The current structure will need some updates, making it a great opportunity to customize or reimagine the space to fit your needs. A rare chance to secure a property with both visibility and versatility.

Key facts

  • 0.39 acre lot
  • Parking
  • Built 1980

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $130k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $730 ($9k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $130k).
  • Recommended offer: $118k (9.0% below list) — sets the bar for market timing.
  • Cap rate 13.0% vs local median 6.0% in Slidell — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 70/100 on livability (#57 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
  • St. Tammany Parish (suburban): math 43% / reading 55% proficiency, ranked #11 of 98 in LA (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Cypress Cove Elementary School (657 students, 53% FRL); Little Oak Middle School (math 50% / reading 58%, grade B-, #19 of 218 statewide, top 9%, 929 students, 41% FRL); Northshore High School (math 53% / reading 61%, grade C, #25 of 265 statewide, top 9%, 1,681 students, 32% FRL) — zoned schools at 42% FRL track the district average.
  • Market conditions: Rents rising (+1.7%/yr); 690 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 85% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
  • St. Tammany County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 1.7% rent growth), your $36k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 104 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
  • 7 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
  • Current owner paid $81k; list at $130k implies a 60% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $118,209 (9.0% below list)

Questions for the listing agent

  1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.53%
Cap rate
13.03%
Cash-on-cash
24.07%
DSCR
2.07
GRM
5.4

CMA / ARV

ARV (median comp)
$229,031
List price
$129,900
Delta
-43.28%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
4130 Upperline St 0.24mi 3/2.0 1,269 (-0%) 1mo $190,000 $150 83
4568 Canal St 0.24mi 3/2.0 1,237 (-3%) 9mo $199,750 $161 72
40543 Cara Mae St 0.42mi 3/2.0 1,343 (+5%) 1mo $239,900 $179 66
4613 Oak Dr 0.45mi 3/2.0 1,345 (+6%) 3mo $250,000 $186 63
4158 St Louis St 0.33mi 3/2.0 1,138 (-11%) 2mo $186,700 $164 61
60454 Culper Dr 0.43mi 3/2.0 1,343 (+5%) 9mo $244,900 $182 60
4178 Dauphine St 0.60mi 3/2.0 1,246 (-2%) 8mo $210,000 $169 58
40531 Cara Mae St 0.48mi 3/2.0 1,343 (+5%) 9mo $232,900 $173 58
40547 Cara Mae St 0.48mi 3/2.0 1,392 (+9%) 2mo $244,900 $176 57
4412 Canal St 0.43mi 3/2.0 1,393 (+9%) 9mo $211,000 $151 53
4126 Dauphine St 0.56mi 3/2.0 1,367 (+7%) 6mo $239,000 $175 53
4122 Dauphine St 0.58mi 3/2.0 1,405 (+10%) 7mo $235,000 $167 46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.72% rent growth · sell at horizon

5-year hold
IRR
15.9%
Equity multiple
1.63×
Total profit
$22,882
Equity at exit
$19,369
10-year hold
IRR
23.6%
Equity multiple
2.91×
Total profit
$69,624
Equity at exit
$11,231

Cash invested: $36,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
90 Strongly Landlord-Friendly
State Louisiana
90 Strongly Landlord-Friendly · R+12
County
— inherits STATE
City
— inherits STATE
5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
17 active · 11 under contract
Months of supply
7.8 mo (13%/mo absorbed)
Median asking
$258,900 ($176/sqft)
Median days on market
79 d
This list price
lowest-priced of the active set
ARV vs active asking
+2.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70461

Home prices YoY
-33.0%
Rents YoY
1.7%
Active inventory
690
Price-to-rent
5.4×

Monthly cashflow live

Estimated rent
$1,989 high interval (Pro) →
Mortgage (P&I)
$681
Tax from tax record
$106 /mo · $1,273/yr
Insurance
$54
HOA
$0
Vacancy / Maint / Mgmt
$418
Net cashflow
$730

Break-even live

Break-even rent $1,065
Max offer price $129,900
Occupancy floor 58%

Sensitivity live

Price -10% $803 -5% $766 +0% $730 +5% $693 +10% $656
Rent -10% $572 -5% $651 +0% $730 +5% $808 +10% $887
Rate -1.0pp $795 -0.5pp $763 base $730 +0.5pp $696 +1.0pp $662

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$32,475
Closing costs
$3,897
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 13 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
4145 Saint Peter St Slidell, LA 3.0 2.0 1422 $2,000 $1.41 93d 1 0.42mi
40665 Cara Mae St Slidell, LA 4.0 2.0 1658 $2,100 $1.27 34d 1 0.47mi
40365 Cara Mae St Slidell, LA 3.0 2.0 1343 $1,995 $1.49 20d 1 0.54mi
814 Lake Borgne Ct Slidell, LA 3.0 2.0 1560 $1,900 $1.22 70d 1 0.54mi
812 N Lake Verret Ct Slidell, LA 3.0 2.0 1862 $2,500 $1.34 72d 1 0.56mi
221 Lake Tahoe Dr Slidell, LA 3.0 2.0 1671 $1,850 $1.11 93d 1 1.05mi
59278 Rebel Dr Unit A Slidell, LA 2.0 1.0 900 $1,185 $1.32 93d 1 1.32mi
59278 Rebel Dr Slidell, LA 2.0 1.0 900 $1,100 $1.22 34d 1 1.32mi
108 Ellwood Cir Slidell, LA 4.0 2.0 1517 $1,800 $1.19 52d 1 1.34mi
100 Firwood Dr Slidell, LA 4.0 2.0 1649 $1,900 $1.15 93d 1 1.43mi
107 Dixie Cir Slidell, LA 3.0 2.0 1609 $1,900 $1.18 93d 1 1.43mi
40065 Cane St Slidell, LA 3.0 2.0 1345 $2,000 $1.49 16d 1 1.44mi
40065 Cane St Slidell, LA 3.0 2.0 1345 $2,200 $1.64 93d 1 1.44mi

Property features AI

Finance

Other
Property condition listed as poor
Financial info
Financial details not provided
HOA & community
HOA information not provided

Exterior

Parking
Driveway parkingBoat parkingRV access/parking
Security
Security details not provided
Utilities
Well waterSeptic tank sewage
Home design
Single-story homeRaised foundation
Construction
Shingle roofConstruction details not providedYear built not provided
Exterior features
Outside city limitsOversized lotLot dimensions approximately 100 feet

Interior

Kitchen
Kitchen details not provided
Bedrooms
Bedrooms not specified
Flooring
Flooring details not provided
Bathrooms
1 full bathroom
Heating & cooling
Heating availableCooling available
Interior features
Total of 5 roomsPoor condition (selling as-is)
Laundry & utility
Laundry details not provided

Listing history 50 events

  1. 2026-08-08
    days on market $129,900 Active 104 DOM
  2. 2026-08-07
    days on market $129,900 Active 103 DOM
  3. 2026-08-06
    days on market $129,900 Active 102 DOM
  4. 2026-08-05
    days on market $129,900 Active 101 DOM
  5. 2026-08-04
    days on market $129,900 Active 100 DOM
  6. 2026-08-03
    days on market $129,900 Active 99 DOM
  7. 2026-07-31
    days on market $129,900 Active 96 DOM
  8. 2026-07-30
    days on market $129,900 Active 95 DOM
  9. 2026-07-30
    days on market $129,900 Active 94 DOM
  10. 2026-07-28
    days on market $129,900 Active 93 DOM
  11. 2026-07-26
    days on market $129,900 Active 91 DOM
  12. 2026-07-24
    days on market $129,900 Active 89 DOM
  13. 2026-07-23
    days on market $129,900 Active 88 DOM
  14. 2026-07-13
    days on market $129,900 Active 87 DOM
  15. 2026-07-13
    days on market $129,900 Active 86 DOM
  16. 2026-07-11
    days on market $129,900 Active 85 DOM
  17. 2026-07-10
    days on market $129,900 Active 84 DOM
  18. 2026-07-09
    days on market $129,900 Active 83 DOM
  19. 2026-07-07
    days on market $129,900 Active 81 DOM
  20. 2026-07-06
    days on market $129,900 Active 80 DOM
  21. 2026-07-05
    days on market $129,900 Active 79 DOM
  22. 2026-07-03
    days on market $129,900 Active 77 DOM
  23. 2026-07-02
    days on market $129,900 Active 76 DOM
  24. 2026-07-01
    days on market $129,900 Active 75 DOM
  25. 2026-06-30
    days on market $129,900 Active 74 DOM
  26. 2026-06-29
    days on market $129,900 Active 73 DOM
  27. 2026-06-28
    days on market $129,900 Active 72 DOM
  28. 2026-06-27
    days on market $129,900 Active 71 DOM
  29. 2026-06-27
    days on market $129,900 Active 70 DOM
  30. 2026-06-25
    days on market $129,900 Active 68 DOM
  31. 2026-06-22
    days on market $129,900 Active 66 DOM
  32. 2026-06-21
    days on market $129,900 Active 65 DOM
  33. 2026-06-18
    days on market $129,900 Active 62 DOM
  34. 2026-06-17
    days on market $129,900 Active 61 DOM
  35. 2026-06-16
    days on market $129,900 Active 60 DOM
  36. 2026-06-15
    days on market $129,900 Active 59 DOM
  37. 2026-06-13
    days on market $129,900 Active 57 DOM
  38. 2026-06-10
    days on market $129,900 Active 54 DOM
  39. 2026-06-09
    days on market $129,900 Active 53 DOM
  40. 2026-06-08
    days on market $129,900 Active 52 DOM
  41. 2026-06-07
    days on market $129,900 Active 51 DOM
  42. 2026-06-03
    days on market $129,900 Active 47 DOM
  43. 2026-06-02
    days on market $129,900 Active 46 DOM
  44. 2026-06-01
    days on market $129,900 Active 45 DOM
  45. 2026-05-31
    days on market $129,900 Active 44 DOM
  46. 2026-04-16
    listed $129,900 Active 497-char remark
    Show marketing remark (497 chars)

    Opportunity awaits with this versatile property just off Military Rd in a high-traffic location. Zoned C-2 Neighborhood Commercial/Residential, it allows for a variety of uses including residential, commercial, or a combination of both. Located in Flood Zone C, no flood insurance is required. The current structure will need some updates, making it a great opportunity to customize or reimagine the space to fit your needs. A rare chance to secure a property with both visibility and versatility.

  47. 2026-04-16
    listed $129,900 Active 497-char remark
    Show marketing remark (497 chars)

    Opportunity awaits with this versatile property just off Military Rd in a high-traffic location. Zoned C-2 Neighborhood Commercial/Residential, it allows for a variety of uses including residential, commercial, or a combination of both. Located in Flood Zone C, no flood insurance is required. The current structure will need some updates, making it a great opportunity to customize or reimagine the space to fit your needs. A rare chance to secure a property with both visibility and versatility.

  48. 2026-03-17
    price $129,900
  49. 2026-03-17
    price $129,900
  50. 2026-02-05
    status Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast LA · Resets to sale price

Current annual tax
$1,273 · $106/mo
Projected year-2 tax
$1,273 · $106/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
  • 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$23,862
− Mortgage interest
−$7,276
− Property taxes
−$1,273
− Insurance
−$650
− Repairs & maintenance
−$1,909
− Management
−$1,909
− Depreciation
−$3,779
Taxable income
$7,067
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,696
After-tax cash flow
$7,058/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 10 photos

Fair 45/100 Moderate rehab Est. rehab $31,875–$57,375 screening

This property requires significant repairs and maintenance, including roof, exterior siding, landscaping, and fencing. However, with proper updates, it has the potential to become a move-in-ready home with increased resale and rental value.

Deferred maintenance Est. $50,000–$150,000 screening

  • Major Roof (roof) — The roof appears to be in poor condition with visible damage and missing shingles.
  • Major Windows (windows) — The windows appear to be old and possibly not functioning properly.
  • Major Electrical (electrical) — The electrical panel appears to be old and may need to be replaced.
  • Major Plumbing (plumbing) — The plumbing fixtures appear to be old and may need to be replaced.
  • Major Exterior (exterior) — The exterior of the house appears to be in poor condition with peeling paint and possible structural issues.

Repairs flagged

  • Major roof — The roof appears to be in poor condition, with visible damage and potential leaks.
  • Major exterior siding — The exterior siding shows signs of wear and tear, with peeling paint and possible rot.
  • Major landscaping — The landscaping is overgrown and in need of trimming and maintenance.
  • Major fencing — The fencing around the property is in poor condition and may need repair or replacement.
  • Minor windows — The windows appear to be in average condition, but may need cleaning or replacement.
  • Minor HVAC system — The HVAC system appears to be in average condition, but may need cleaning or repair.
  • Minor interior walls — The interior walls appear to be in average condition, but may need cleaning or touch-up paint.
  • Minor flooring — The flooring in the interior appears to be carpeted and in fair condition, but may need cleaning or replacement.
  • Minor foundation — The foundation and structure appear to be in average condition, but may need inspection and maintenance.

Value-add opportunities

  • Both landscaping and fencing repair — A well-maintained exterior can significantly increase both resale and rental value.
  • Both roof repair — A repaired roof can prevent water damage and increase the home's overall value.
  • Both HVAC system cleaning and maintenance — A clean and functioning HVAC system can improve comfort and energy efficiency, increasing both resale and rental value.
  • Both interior wall touch-up and paint — Fresh paint can make the interior look more inviting and increase the home's value.
  • Both flooring replacement — New flooring can improve the home's appearance and increase its value.
  • Both foundation inspection and repair — A stable foundation is crucial for the home's structural integrity and can increase its value.
  • Both windows replacement — New windows can improve energy efficiency and increase the home's value.
  • Both fencing repair — A well-maintained fence can improve the home's curb appeal and increase its value.
  • Both landscaping maintenance — A well-maintained landscape can improve the home's curb appeal and increase its value.

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 56/100

Zoned Schools

Elementary Honey Island Elementary School B- LA #71/646 Nat'l #8,158/41,679 Middle Little Oak Middle School B- LA #19/218 Nat'l #2,699/14,009 High Northshore High School C LA #25/265 Nat'l #4,077/17,239

Schools (NCES district)

District
St. Tammany Parish
NCES district ID
2201650
Math proficiency
43% ▼ -32.00%
Reading proficiency
55% ▼ -26.00%
Median HH income
$61,752
Composite
43.04/100
National rank
#3098
State rank
#11 of 98 in LA
B Composite livability gradescore 70/100

Livability — Slidell

Score
70/100
State rank
#57
US rank
#7673

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment C Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Saint Tammany Parish · 286,725 people
City population
95,511
Metro
New Orleans-Metairie, LA
Population (ZIP)
34,808
Household income
$89,003
Rent vs Own
23.1% rent · 76.9% own
Severe rent burden
25% of renters

Population outlook (St. Tammany County) Hauer SSP2

Today (2025)
286,725 people
By 2030
304,175 · +6.1%
By 2040
336,203 · +17.3%
By 2050
364,590 · +27.2%
By 2075
433,362 · +51.1%
By 2100
470,333 · +64.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.63)
Race & ethnicity
White 55% Black 24% Two or more races 14% Hispanic / Latino 11% Asian 3%
Hispanic origin (detail)
Common ancestry
Lithuanian 9% Italian 1% Romanian 1%
Foreign-born
8% · Canada, China, Vietnam
Languages at home
89% English-only · Spanish 7% Chinese 1% Vietnamese 1%

Political lean MEDSL · St. Tammany

2024 margin
Solid R (+43.8) · D 27.3% · R 71.1% · Other 1.6%
2008→2024 swing
+9.6pp toward D · 2008: -53.4pp · 2024: -43.8pp
All cycles
2024: R+43.8 2020: R+44.2 2016: R+50.8 2012: R+52.2 2008: R+53.4

Not yet ingested

Civics

Price history

+62.6% since first listed
12 events — show timeline
  • 2026-04-16 Listed $129,900 GSREIN
  • 2026-04-16 Listed $129,900 AcadianaMLS
  • 2026-03-17 Price Changed $129,900 AcadianaMLS
  • 2026-03-17 Price Changed $129,900 GSREIN
  • 2026-02-05 Relisted AcadianaMLS
  • 2025-10-15 Listed $139,900 AcadianaMLS
  • 2024-11-15 Listed $175,000 AcadianaMLS
  • 2006-10-30 Sold (Public Records) $81,000 Public Records
  • 2002-03-04 Sold (Public Records) $74,000 Public Records
  • 2002-02-28 Sold (MLS) $74,000 GSREIN
  • 2001-12-04 Listed $79,900 AcadianaMLS
  • 2001-12-04 Listed $79,900 GSREIN

Property tax history

+0.4%/yr

Latest (2025): $1,273 · -3.8% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…