204 E Queens Dr · Slidell, LA 70458

$159,000

3 bd · 2.0 ba · 1,964 sqft · SingleFamily public records · 96 Days on market

Built 2007 10,454 sqft lot $81/sqft · 29% below area Est $223k · 29% 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 +29.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

Key facts

• Slab foundation
• Attached garage
• Tile countertops

Tags

• HARDWOOD AND CARPET FLOORING
• TILE COUNTERTOPS
• ATTACHED GARAGE
• SLAB FOUNDATION
• HVAC SYSTEM
• TRADITIONAL SHINGLE ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $559 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $145k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 5.9% 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.
• Market conditions: Rents rising (+1.5%/yr); 489 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 33% of the median local income ($73k/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 $5k 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 + 1.5% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $36k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $144,690 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 10.51%
• Cash-on-cash: 15.07%
• DSCR: 1.67
• GRM: 6.7

CMA / ARV

• ARV (median comp): $223,354
• List price: $159,000
• Delta: -28.81%
• 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
250 Whisperwood Blvd	0.39mi	3/2.0	1,835 (-7%)	2mo	$217,500	$119	69
338 Country Club Blvd	0.54mi	3/2.0	1,851 (-6%)	3mo	$244,000	$132	63
612 High Ridge Loop	0.61mi	3/2.0	1,887 (-4%)	3mo	$320,000	$170	62
165 Whisperwood Blvd	0.38mi	4/2.0 (+1)	2,100 (+7%)	4mo	$175,437	$84	62
435 Country Club Blvd	0.57mi	3/2.5	2,038 (+4%)	5mo	$233,000	$114	61
609 Haaswood Ln	0.52mi	4/2.0 (+1)	1,875 (-4%)	4mo	$313,000	$167	60
107 W Queens Dr	0.36mi	4/2.0 (+1)	1,735 (-12%)	2mo	$90,000	$52	57
110 W Queens Dr	0.32mi	4/2.0 (+1)	1,704 (-13%)	2mo	$205,000	$120	56
155 Timbers Dr	0.41mi	4/2.0 (+1)	2,225 (+13%)	2mo	$249,700	$112	52
112 Driftwood Cir	0.73mi	4/2.0 (+1)	1,898 (-3%)	6mo	$245,000	$129	50
676 Ridgefield Dr	0.60mi	4/3.0 (+1)	2,072 (+6%)	6mo	$320,000	$154	49
209 N Silver Maple Dr	0.66mi	4/2.0 (+1)	2,241 (+14%)	1mo	$300,000	$134	40

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 · 1.47% rent growth · sell at horizon

5-year hold

• IRR: 4.0%
• Equity multiple: 1.15×
• Total profit: $6,819
• Equity at exit: $23,707

10-year hold

• IRR: 12.1%
• Equity multiple: 1.89×
• Total profit: $39,732
• Equity at exit: $13,747

Cash invested: $44,520 (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 →

ZIP-level market 70458

• Rents YoY: 1.5%
• Active inventory: 489
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,982 high
• Mortgage (P&I): −$834
• Tax from tax record: −$106 /mo · $1,275/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $559

Break-even live

Break-even rent $1,274

Max offer price $159,000

Occupancy floor 67%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 S Queens Dr Slidell, LA	4.0	2.0	1476	$1,800	$1.22	3d	1	0.21mi
407 E Redbud Dr Slidell, LA	4.0	2.5	2400	$2,500	$1.04	43d	1	0.33mi
557 Claiborne Trails Dr Slidell, LA	3.0	2.0	1690	$2,300	$1.36	43d	1	0.45mi
100 Firwood Dr Slidell, LA	4.0	2.0	1649	$1,900	$1.15	43d	1	0.46mi
641 Haaswood Ln Slidell, LA	3.0	2.0	1721	$2,400	$1.39	43d	1	0.46mi
101 Dante Cir Slidell, LA	4.0	2.0	1941	$1,950	$1.00	11d	1	0.57mi
542 Driftwood Cir Slidell, LA	4.0	2.0	1960	$2,100	$1.07	3d	1	0.60mi
111 Heather Dr Slidell, LA	3.0	2.0	2112	$1,750	$0.83	43d	1	0.64mi
107 Dixie Cir Slidell, LA	3.0	2.0	1609	$1,900	$1.18	43d	1	0.66mi
102 N Dabney Dr Slidell, LA	3.0	2.0	2432	$2,800	$1.15	16d	1	0.71mi
108 Ellwood Cir Slidell, LA	4.0	2.0	1517	$1,800	$1.19	3d	1	0.73mi
114 Meredith Dr Slidell, LA	3.0	2.0	1531	$1,650	$1.08	43d	1	0.78mi
357 Mansfield Dr Slidell, LA	3.0	2.0	1400	$2,200	$1.57	43d	1	0.88mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	3d	1	1.00mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	2d	1	1.00mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	43d	1	1.20mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	23d	1	1.20mi
129 Fountain Dr Slidell, LA	4.0	2.0	1879	$1,850	$0.98	14d	1	1.37mi
106 Kempsey Ct Slidell, LA	3.0	2.0	1650	$1,600	$0.97	21d	1	1.42mi
4145 Saint Peter St Slidell, LA	3.0	2.0	1422	$2,000	$1.41	43d	1	1.47mi

Listing history 24 events

1. 2026-06-17
   days on market $159,000 Active 96 DOM
2. 2026-06-16
   days on market $159,000 Active 95 DOM
3. 2026-06-15
   days on market $159,000 Active 94 DOM
4. 2026-06-13
   days on market $159,000 Active 92 DOM
5. 2026-06-10
   days on market $159,000 Active 89 DOM
6. 2026-06-09
   days on market $159,000 Active 88 DOM
7. 2026-06-08
   days on market $159,000 Active 87 DOM
8. 2026-06-07
   days on market $159,000 Active 86 DOM
9. 2026-06-03
   days on market $159,000 Active 82 DOM
10. 2026-06-02
    days on market $159,000 Active 81 DOM
11. 2026-06-01
    days on market $159,000 Active 80 DOM
12. 2026-05-31
    days on market $159,000 Active 79 DOM
13. 2026-04-25
    price $169,000 526-char remark

    Show marketing remark (526 chars)

    Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

14. 2026-04-24
    price $169,000 526-char remark

    Show marketing remark (526 chars)

    Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

15. 2026-04-06
    price $175,000 526-char remark

    Show marketing remark (526 chars)

    Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

16. 2026-04-06
    price $175,000 526-char remark

    Show marketing remark (526 chars)

    Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

17. 2026-03-27
    price $184,900 526-char remark

    Show marketing remark (526 chars)

    Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

18. 2026-03-27
    price $184,900 526-char remark

    Show marketing remark (526 chars)

    Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

19. 2026-03-13
    listed $194,900 Active 526-char remark

    Show marketing remark (526 chars)

    Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

20. 2026-03-13
    listed $194,900 Active 526-char remark

    Show marketing remark (526 chars)

    Located in the heart of Slidell, this 1,964 sq. ft. home offers a spacious layout and solid bones. The interior features a mix of hardwood and carpet flooring, complemented by tile countertops in the kitchen. Enjoy the convenience of a 2-car attached garage and a reliable slab foundation. The home is equipped with a 10-year-old HVAC system and a traditional shingle roof. Perfect for those looking to add their personal touch, the property is situated in a quiet neighborhood with easy access to local schools and amenities.

21. 2006-06-06
    soldstatus $152,000
22. 2006-06-01
    soldstatus $152,000
23. 2006-04-25
    listed $157,500
24. 2006-04-25
    listed $157,500

ⓘ 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: $1,275 · $106/mo
• Projected year-2 tax: $1,275 · $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 3/10 Moderate FEMA zone X · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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: $23,780
• − Mortgage interest: −$8,906
• − Property taxes: −$1,275
• − Insurance: −$795
• − Repairs & maintenance: −$1,902
• − Management: −$1,902
• − Depreciation: −$4,625
• Taxable income: $4,373
• Est. tax owed @ 24.0%: −$1,050
• After-tax cash flow: $5,661/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.

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

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 · 228,296 people
• City population: 95,511
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 39,034
• Household income: $72,843
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1331.0

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: Predominantly White (66%)
• Race & ethnicity: White 66% Black 17% Two or more races 10% Hispanic / Latino 9% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Lithuanian 15% Slovak 2% Romanian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5% 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: —

Market trends

• HPI YoY: ▼ -173.60%
• Current HPI: 147.4749
• Rent YoY: ▲ 1.47%
• Metro: New Orleans-Metairie, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

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

Price history

+7.3% since first listed

12 events — show timeline

• 2026-04-25 Price Changed $169,000 AcadianaMLS
• 2026-04-24 Price Changed $169,000 GSREIN
• 2026-04-06 Price Changed $175,000 AcadianaMLS
• 2026-04-06 Price Changed $175,000 GSREIN
• 2026-03-27 Price Changed $184,900 AcadianaMLS
• 2026-03-27 Price Changed $184,900 GSREIN
• 2026-03-13 Listed $194,900 GSREIN
• 2026-03-13 Listed $194,900 AcadianaMLS
• 2006-06-06 Sold (Public Records) $152,000 Public Records
• 2006-06-01 Sold (MLS) $152,000 GSREIN
• 2006-04-25 Listed $157,500 AcadianaMLS
• 2006-04-25 Listed $157,500 GSREIN

Property tax history

-4.3%/yr

Latest (2025): $1,275 · -3.8% YoY. Source: county tax records.