2413 Oriole St · Slidell, LA 70460

$149,900

4 bd · 2.0 ba · 1,536 sqft · SingleFamily public records · 8 Days on market

Built 1981 Fair condition 6,612 sqft lot $98/sqft · 41% below area Est $230k · 35% under

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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 +29.8/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Schools +4.2/10.0
• Rent growth +4.0/5.0
• Livability +3.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Conveniently located, this 4-bedroom, 2-bath home offers approximately 1,400 square feet of living space and plenty of potential for the right buyer. The spacious great room features a wood-burning fireplace as its focal point, creating a warm and inviting central living area. A bright breakfast area with multiple windows flows directly into the kitchen, providing a functional layout for everyday living. The home offers a flexible floor plan with two bedrooms and one bath upstairs, and two bedrooms and one bath downstairs. The utility room provides additional space and can accommodate extra storage or appliances. Outside, the fully fenced rear yard adds privacy and room to enjoy the outdoors. This property does need repairs and updates, making it a great opportunity for investors or buyers looking to add value. Seller is motivated.

Key facts

• Utility room
• Flexible floor plan
• Breakfast area

Tags

• WOOD BURNING FIREPLACE
• BREAKFAST AREA
• FLEXIBLE FLOOR PLAN
• FULLY FENCED REAR YARD
• UTILITY ROOM

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $552 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 10.7% 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: Henry Mayfield Elementary School (math 35% / reading 45%, grade F, #221 of 646 statewide, top 34%, 832 students, 60% FRL); Slidell Junior High School (math 25% / reading 47%, grade F, #84 of 218 statewide, top 41%, 823 students, 60% FRL); Slidell High School (math 34% / reading 41%, grade F, #93 of 265 statewide, top 36%, 1,883 students, 52% FRL) — zoned schools average 58% FRL vs 40% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.9%/yr); 276 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 + 5.9% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 26y ago; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $104k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.25% ✓
• Cap rate: 10.72%
• Cash-on-cash: 15.80%
• DSCR: 1.70
• GRM: 6.6

CMA / ARV

• ARV (median comp): $230,012
• List price: $149,900
• Delta: -34.83%
• 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
2521 Robin St	0.21mi	3/2.0 (-1)	1,468 (-4%)	5mo	$130,000	$89	74
2402 Mallard St	0.06mi	3/2.0 (-1)	1,361 (-11%)	4mo	$125,000	$92	70
2515 Pelican St	0.23mi	3/2.0 (-1)	1,405 (-8%)	4mo	$235,000	$167	66
2517 Pelican St	0.24mi	3/2.0 (-1)	1,367 (-11%)	3mo	$240,000	$176	63
2523 Robin St	0.21mi	3/2.0 (-1)	1,385 (-10%)	9mo	$198,500	$143	61
2514 Robin St	0.20mi	3/2.0 (-1)	1,334 (-13%)	4mo	$190,000	$142	60
2207 Oriole St	0.28mi	3/2.0 (-1)	1,370 (-11%)	6mo	$197,000	$144	59
2034 Swan St	0.48mi	3/2.0 (-1)	1,413 (-8%)	1mo	$80,000	$57	58
173 Lark St	0.38mi	3/2.0 (-1)	1,363 (-11%)	5mo	$186,500	$137	54
2311 Jay St	0.15mi	3/2.0 (-1)	1,310 (-15%)	13mo	$212,000	$162	53
2202 Jay St	0.33mi	3/2.0 (-1)	1,306 (-15%)	8mo	$185,000	$142	48
2012 Pelican St	0.57mi	3/2.0 (-1)	1,340 (-13%)	0mo	$160,000	$119	47

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 · 5.91% rent growth · sell at horizon

5-year hold

• IRR: 9.7%
• Equity multiple: 1.39×
• Total profit: $16,531
• Equity at exit: $22,351

10-year hold

• IRR: 21.0%
• Equity multiple: 3.01×
• Total profit: $84,255
• Equity at exit: $12,961

Cash invested: $41,972 (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.

Methodology + full state rankings →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 14 active · 11 under contract
• Months of supply: 3.7 mo (27%/mo absorbed)
• Median asking: $198,950 ($145/sqft)
• Median days on market: 61 d
• This list price: 29% of active listings are priced below it
• ARV vs active asking: +3.2% vs current asking $/sqft

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

ZIP-level market 70460

• Rents YoY: 5.9%
• Active inventory: 276
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,881 high
• Mortgage (P&I): −$786
• Tax from tax record: −$85 /mo · $1,020/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $552

Break-even live

Break-even rent $1,182

Max offer price $149,900

Occupancy floor 66%

Sensitivity live

Price	-10% $637	-5% $595	+0% $552	+5% $510	+10% $468
Rent	-10% $404	-5% $478	+0% $552	+5% $627	+10% $701
Rate	-1.0pp $628	-0.5pp $591	base $552	+0.5pp $514	+1.0pp $474

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: $37,475
• Closing costs: $4,497
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2322 Mallard St Slidell, LA	3.0	2.0	1400	$1,600	$1.14	93d	1	0.10mi
2316 Robin St Slidell, LA	4.0	2.0	1750	$1,700	$0.97	20d	1	0.18mi
2402 Pelican St Slidell, LA	3.0	2.0	1400	$1,700	$1.21	72d	1	0.21mi
2519 Crane St Slidell, LA	3.0	2.0	1160	$1,600	$1.38	72d	1	0.34mi
34081 Stanley St Slidell, LA	3.0	2.5	1832	$1,850	$1.01	30d	1	1.28mi

Property features AI

Finance

• Other: Total of 8 rooms

Exterior

• Parking: DrivewayOff-street parking
• Utilities: Public waterSeptic tank sewer
• Home design: 2-story house
• Construction: Hardboard sidingShingle roofSlab foundationBuilt in average condition
• Exterior features: Concrete patio/porchCity lotRectangular lot

Interior

• Kitchen: Oven
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingCentral air conditioningHas heating and cooling
• Interior features: Ceiling fans
• Laundry & utility: Washer hookupDryer hookup

Listing history 50 events

1. 2026-08-08
   days on market $149,900 Active 8 DOM
2. 2026-08-07
   days on market $149,900 Active 7 DOM
3. 2026-08-06
   days on market $149,900 Active 6 DOM
4. 2026-08-05
   days on market $149,900 Active 5 DOM
5. 2026-08-04
   days on market $149,900 Active 4 DOM
6. 2026-08-03
   days on market $149,900 Active 3 DOM
7. 2026-08-01
   days on marketlisting id $149,900 Active 1 DOM
8. 2026-07-30
   days on market $149,900 Active 81 DOM
9. 2026-07-30
   days on market $149,900 Active 80 DOM
10. 2026-07-28
    days on market $149,900 Active 79 DOM
11. 2026-07-26
    days on market $149,900 Active 77 DOM
12. 2026-07-24
    days on market $149,900 Active 75 DOM
13. 2026-07-23
    days on market $149,900 Active 74 DOM
14. 2026-07-22
    days on market $149,900 Active 73 DOM
15. 2026-07-21
    days on market $149,900 Active 72 DOM
16. 2026-07-20
    days on market $149,900 Active 71 DOM
17. 2026-07-18
    days on market $149,900 Active 69 DOM
18. 2026-07-18
    days on market $149,900 Active 68 DOM
19. 2026-07-16
    days on market $149,900 Active 67 DOM
20. 2026-07-15
    days on market $149,900 Active 66 DOM
21. 2026-07-14
    days on market $149,900 Active 65 DOM
22. 2026-07-13
    days on market $149,900 Active 64 DOM
23. 2026-07-13
    days on market $149,900 Active 63 DOM
24. 2026-07-11
    days on market $149,900 Active 62 DOM
25. 2026-07-10
    days on market $149,900 Active 61 DOM
26. 2026-07-09
    days on market $149,900 Active 60 DOM
27. 2026-07-07
    days on market $149,900 Active 58 DOM
28. 2026-07-06
    price $149,900 Active 57 DOM
29. 2026-07-06
    days on market $160,000 Active 57 DOM
30. 2026-07-05
    days on market $160,000 Active 56 DOM
31. 2026-07-03
    days on market $160,000 Active 54 DOM
32. 2026-07-02
    days on market $160,000 Active 53 DOM
33. 2026-07-01
    days on market $160,000 Active 52 DOM
34. 2026-06-30
    days on market $160,000 Active 51 DOM
35. 2026-06-29
    days on market $160,000 Active 50 DOM
36. 2026-06-28
    days on market $160,000 Active 49 DOM
37. 2026-06-27
    days on market $160,000 Active 48 DOM
38. 2026-06-27
    days on market $160,000 Active 47 DOM
39. 2026-06-25
    pricedays on market $160,000 Active 45 DOM
40. 2026-06-22
    days on market $170,000 Active 43 DOM
41. 2026-06-21
    days on market $170,000 Active 42 DOM
42. 2026-06-18
    days on market $170,000 Active 39 DOM
43. 2026-06-17
    days on market $170,000 Active 38 DOM
44. 2026-06-16
    days on market $170,000 Active 37 DOM
45. 2026-06-15
    days on market $170,000 Active 36 DOM
46. 2026-06-13
    days on market $170,000 Active 34 DOM
47. 2026-06-10
    days on market $170,000 Active 31 DOM
48. 2026-06-09
    days on market $170,000 Active 30 DOM
49. 2026-06-08
    days on market $170,000 Active 29 DOM
50. 2026-06-07
    days on market $170,000 Active 28 DOM

ⓘ 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: $1,020 · $85/mo
• Projected year-2 tax: $1,020 · $85/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 6/10 Major FEMA zone X · 57% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 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

Taxation est. · year 1

• Rental income: $22,572
• − Mortgage interest: −$8,397
• − Property taxes: −$1,020
• − Insurance: −$750
• − Repairs & maintenance: −$1,806
• − Management: −$1,806
• − Depreciation: −$4,361
• Taxable income: $4,434
• Est. tax owed @ 24.0%: −$1,064
• After-tax cash flow: $5,566/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 · 7 photos

Fair 45/100 Moderate rehab Est. rehab $38,400–$69,120 screening

This home requires moderate repairs and maintenance, particularly in the exterior and landscaping. Upgrading the curb appeal and interior spaces will significantly increase its resale and rental value.

Components & finishes AI

Roof asphalt shingle · good Flooring tile

Deferred maintenance Est. $2,500–$10,000 screening

• Minor Roof (roof) — No visible signs of damage or wear
• Minor Windows (windows) — No visible signs of damage or wear
• Minor Electrical (electrical) — No visible signs of damage or wear
• Minor Exterior (exterior) — No visible signs of damage or wear
• Minor Other — No visible signs of damage or wear

Repairs flagged

• Minor Landscaping — Overgrown grass and debris need trimming and clearing.
• Moderate Exterior paint — Some areas of the exterior siding show signs of wear and may need repainting.

Value-add opportunities

• Both Landscaping and exterior painting — Improving the curb appeal and exterior appearance will attract more buyers and renters. ↑
• Both Kitchen and bathroom updates — Updating the kitchen and bathrooms with new fixtures and appliances will enhance the home's 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.

F Composite school gradezoned avg 42/100

Zoned Schools

Elementary Mathews Elementary School C- GA #219/1,228 Nat'l #11,114/41,679 Middle Slidell Junior High School F LA #84/218 Nat'l #7,206/14,009 High Slidell High School F LA #93/265 Nat'l #8,937/17,239

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): 21,669
• Household income: $62,565
• Rent vs Own: 22.0% rent · 78.0% own
• Severe rent burden: 16% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 53% Black 29% Two or more races 11% Hispanic / Latino 10% Pacific Islander 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 13% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 6%

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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: —

Market trends

• HPI YoY: ▼ -93.87%
• Current HPI: 130.56
• Rent YoY: ▲ 5.91%
• Metro: New Orleans-Metairie, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

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Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Property features AI

Finance

• Other: Total of 8 rooms

Exterior

• Parking: DrivewayOff-street parking
• Utilities: Public waterSeptic tank sewer
• Home design: 2-story house
• Construction: Hardboard sidingShingle roofSlab foundationBuilt in average condition
• Exterior features: Concrete patio/porchCity lotRectangular lot

Interior

• Kitchen: Oven
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingCentral air conditioningHas heating and cooling
• Interior features: Ceiling fans
• Laundry & utility: Washer hookupDryer hookup

Price history

+185.7% since first listed

12 events — show timeline

• 2026-05-12 Relisted — AcadianaMLS
• 2026-05-12 Relisted — GSREIN
• 2026-05-06 Listing Removed — GSREIN
• 2026-05-01 Listed $170,000 GSREIN
• 2026-05-01 Listed $170,000 AcadianaMLS
• 2011-09-22 Sold (Public Records) $104,000 Public Records
• 2011-09-20 Sold (MLS) $104,000 GSREIN
• 2011-07-30 Listed $98,500 GSREIN
• 2011-07-30 Listed $98,500 AcadianaMLS
• 2000-07-26 Sold (MLS) $58,500 GSREIN
• 2000-06-27 Listed $59,500 GSREIN
• 2000-06-27 Listed $59,500 AcadianaMLS

Property tax history

-4.6%/yr

Latest (2025): $1,020 · -3.8% YoY. Source: county tax records.