175 Bermuda Dr · Slidell, LA 70458

$120,000

4 bd · 2.0 ba · 1,882 sqft · SingleFamily public records · 30 Days on market

Built 1968 0.35 ac lot $64/sqft · 28% below area Est $178k · 33% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

4 BEDROOM 2 BATH HOME LOCATED WITH SLIDELL CITY LIMITS FEATURING LAMINATE FLOORING AND TILE THROUGHOUT WITH NO CARPET. OPEN FLOOR PLAN CONNECTS THE LIVING ROOM, AND SUNROOM, CREATING A SPACIOUS AND FLEXIBLE LAYOUT. KITCHEN INCLUDES AN ISLAND AND OPENS TO THE SEPARATE DINING ROOM. ENJOY A LARGE, OVERSIZED BACKYARD WITH OF ROOM FOR OUTDOOR LIVING AND ENTERTAINING.

Key facts

• Tile throughout
• Laminate flooring
• Open floor plan

Tags

• LAMINATE FLOORING
• TILE THROUGHOUT
• OPEN FLOOR PLAN
• ISLAND KITCHEN
• OVERSIZED BACKYARD

Property features AI

Finance

• Other: Lot size approximately 0.35 acre
• Financial info: Financial details not provided
• HOA & community: HOA details not provided

Exterior

• Parking: Attached garage with two spaces
• Security: Security details not provided
• Utilities: Public water; Public sewer; Electric service (standard utilities implied)
• Home design: Single-story home; Brick and wood siding exterior; Shingle roof; Average condition; Slab foundation
• Construction: Built with brick and wood siding; Shingle roof; Slab foundation
• Exterior features: Fenced yard; City lot; Rectangular lot

Interior

• Kitchen: Pantry (kitchen storage)
• Bedrooms: Bedrooms not specifically detailed
• Flooring: Flooring details not provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s); Pantry; Total of 8 rooms
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $625 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $118k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.5% 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; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 31% 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 $830 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 + 1.5% rent growth), your $34k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 20 sale attempts since 15y 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.

Recommended offer $118,200 (1.5% below list)

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.59% ✓
• Cap rate: 12.54%
• Cash-on-cash: 22.32%
• DSCR: 1.99
• GRM: 5.3

CMA / ARV

• ARV (median comp): $178,291
• List price: $120,000
• Delta: -32.69%
• 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
3757 Brookwood Dr	0.15mi	4/2.0	1,964 (+4%)	0mo	$180,000	$92	85
156 Southpark Dr	0.31mi	4/2.0	1,849 (-2%)	6mo	$195,500	$106	78
3638 Meadowdale Dr	0.24mi	3/1.5 (-1)	1,815 (-4%)	3mo	$176,800	$97	73
285 Palm Springs Dr	0.19mi	4/2.0	2,068 (+10%)	5mo	$205,000	$99	70
3618 Meadowdale	0.28mi	4/2.0	2,026 (+8%)	5mo	$180,000	$89	70
145 Southpark Dr	0.28mi	5/2.5 (+1)	1,690 (-10%)	3mo	$180,000	$107	60
365 Dorset Dr	0.50mi	3/2.0 (-1)	1,774 (-6%)	6mo	$207,500	$117	57
3852 Oxford St	0.57mi	3/2.0 (-1)	1,658 (-12%)	6mo	$167,000	$101	43
3444 Miller Ave	0.67mi	3/2.0 (-1)	2,053 (+9%)	6mo	$185,000	$90	43
760 Abney Dr	0.73mi	3/2.0 (-1)	1,691 (-10%)	7mo	$220,000	$130	38
3902 Croydon St	0.69mi	3/2.0 (-1)	2,156 (+15%)	1mo	$230,000	$107	38
311 Oleander Dr	0.72mi	4/3.0	2,144 (+14%)	8mo	$141,800	$66	33

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: 13.3%
• Equity multiple: 1.52×
• Total profit: $17,530
• Equity at exit: $17,892

10-year hold

• IRR: 20.9%
• Equity multiple: 2.65×
• Total profit: $55,273
• Equity at exit: $10,375

Cash invested: $33,600 (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: 5.3×

Monthly cashflow live

• Estimated rent: $1,903 high
• Mortgage (P&I): −$629
• Tax from tax record: −$199 /mo · $2,391/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $625

Break-even live

Break-even rent $1,112

Max offer price $120,000

Occupancy floor 62%

Sensitivity live

Price	-10% $693	-5% $659	+0% $625	+5% $591	+10% $557
Rent	-10% $475	-5% $550	+0% $625	+5% $700	+10% $775
Rate	-1.0pp $685	-0.5pp $655	base $625	+0.5pp $594	+1.0pp $562

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
172 South St Slidell, LA	4.0	2.0	1486	$1,800	$1.21	22d	1	0.38mi
3839 Oxford St Slidell, LA	3.0	2.0	1660	$1,700	$1.02	44d	1	0.56mi
3152 College St Slidell, LA	3.0	1.0	1373	$1,750	$1.27	44d	1	0.69mi
102 Spartan Trace Blvd Slidell, LA	3.0	2.0	1516	$2,000	$1.32	24d	1	0.81mi
3304 Bridge Dr Slidell, LA	3.0	2.0	1250	$1,700	$1.36	44d	1	0.97mi
3046 Slidell Ave Slidell, LA	4.0	1.0	1253	$1,850	$1.48	4d	1	0.97mi

Listing history 45 events

1. 2026-06-13
   status $120,000 Pending 30 DOM
2. 2026-06-10
   days on market $120,000 Active 30 DOM

   Show marketing remark (364 chars)

   4 BEDROOM 2 BATH HOME LOCATED WITH SLIDELL CITY LIMITS FEATURING LAMINATE FLOORING AND TILE THROUGHOUT WITH NO CARPET. OPEN FLOOR PLAN CONNECTS THE LIVING ROOM, AND SUNROOM, CREATING A SPACIOUS AND FLEXIBLE LAYOUT. KITCHEN INCLUDES AN ISLAND AND OPENS TO THE SEPARATE DINING ROOM. ENJOY A LARGE, OVERSIZED BACKYARD WITH OF ROOM FOR OUTDOOR LIVING AND ENTERTAINING.

3. 2026-06-09
   days on market $120,000 Active 29 DOM
4. 2026-06-08
   days on market $120,000 Active 28 DOM
5. 2026-06-07
   days on market $120,000 Active 27 DOM
6. 2026-06-03
   days on market $120,000 Active 23 DOM
7. 2026-06-02
   days on market $120,000 Active 22 DOM
8. 2026-06-01
   days on market $120,000 Active 21 DOM
9. 2026-05-31
   days on market $120,000 Active 20 DOM
10. 2026-05-17
    status Active 364-char remark

    Show marketing remark (364 chars)

    4 BEDROOM 2 BATH HOME LOCATED WITH SLIDELL CITY LIMITS FEATURING LAMINATE FLOORING AND TILE THROUGHOUT WITH NO CARPET. OPEN FLOOR PLAN CONNECTS THE LIVING ROOM, AND SUNROOM, CREATING A SPACIOUS AND FLEXIBLE LAYOUT. KITCHEN INCLUDES AN ISLAND AND OPENS TO THE SEPARATE DINING ROOM. ENJOY A LARGE, OVERSIZED BACKYARD WITH OF ROOM FOR OUTDOOR LIVING AND ENTERTAINING.

11. 2026-05-17
    status Active 395-char remark

    Show marketing remark (364 chars)

    4 BEDROOM 2 BATH HOME LOCATED WITH SLIDELL CITY LIMITS FEATURING LAMINATE FLOORING AND TILE THROUGHOUT WITH NO CARPET. OPEN FLOOR PLAN CONNECTS THE LIVING ROOM, AND SUNROOM, CREATING A SPACIOUS AND FLEXIBLE LAYOUT. KITCHEN INCLUDES AN ISLAND AND OPENS TO THE SEPARATE DINING ROOM. ENJOY A LARGE, OVERSIZED BACKYARD WITH OF ROOM FOR OUTDOOR LIVING AND ENTERTAINING.

12. 2026-05-08
    status Pending 364-char remark

    Show marketing remark (364 chars)

    4 BEDROOM 2 BATH HOME LOCATED WITH SLIDELL CITY LIMITS FEATURING LAMINATE FLOORING AND TILE THROUGHOUT WITH NO CARPET. OPEN FLOOR PLAN CONNECTS THE LIVING ROOM, AND SUNROOM, CREATING A SPACIOUS AND FLEXIBLE LAYOUT. KITCHEN INCLUDES AN ISLAND AND OPENS TO THE SEPARATE DINING ROOM. ENJOY A LARGE, OVERSIZED BACKYARD WITH OF ROOM FOR OUTDOOR LIVING AND ENTERTAINING.

13. 2026-05-08
    status Pending 395-char remark

    Show marketing remark (364 chars)

    4 BEDROOM 2 BATH HOME LOCATED WITH SLIDELL CITY LIMITS FEATURING LAMINATE FLOORING AND TILE THROUGHOUT WITH NO CARPET. OPEN FLOOR PLAN CONNECTS THE LIVING ROOM, AND SUNROOM, CREATING A SPACIOUS AND FLEXIBLE LAYOUT. KITCHEN INCLUDES AN ISLAND AND OPENS TO THE SEPARATE DINING ROOM. ENJOY A LARGE, OVERSIZED BACKYARD WITH OF ROOM FOR OUTDOOR LIVING AND ENTERTAINING.

14. 2026-05-02
    listed $120,000 Active 364-char remark

    Show marketing remark (364 chars)

    4 BEDROOM 2 BATH HOME LOCATED WITH SLIDELL CITY LIMITS FEATURING LAMINATE FLOORING AND TILE THROUGHOUT WITH NO CARPET. OPEN FLOOR PLAN CONNECTS THE LIVING ROOM, AND SUNROOM, CREATING A SPACIOUS AND FLEXIBLE LAYOUT. KITCHEN INCLUDES AN ISLAND AND OPENS TO THE SEPARATE DINING ROOM. ENJOY A LARGE, OVERSIZED BACKYARD WITH OF ROOM FOR OUTDOOR LIVING AND ENTERTAINING.

15. 2026-05-02
    listed $120,000 Active 395-char remark

    Show marketing remark (364 chars)

    4 BEDROOM 2 BATH HOME LOCATED WITH SLIDELL CITY LIMITS FEATURING LAMINATE FLOORING AND TILE THROUGHOUT WITH NO CARPET. OPEN FLOOR PLAN CONNECTS THE LIVING ROOM, AND SUNROOM, CREATING A SPACIOUS AND FLEXIBLE LAYOUT. KITCHEN INCLUDES AN ISLAND AND OPENS TO THE SEPARATE DINING ROOM. ENJOY A LARGE, OVERSIZED BACKYARD WITH OF ROOM FOR OUTDOOR LIVING AND ENTERTAINING.

16. 2024-11-08
    price $115,000
17. 2024-11-08
    price $115,000
18. 2024-08-21
    price $109,000
19. 2024-08-07
    listed $109,000
20. 2024-08-07
    listed $115,000
21. 2021-08-04
    soldstatus $194,900
22. 2021-05-21
    soldstatus $194,900 Closed
23. 2021-04-19
    status Pending
24. 2021-04-15
    status Active
25. 2021-04-07
    status Pending
26. 2021-03-17
    status Active
27. 2021-03-12
    status Pending
28. 2021-02-18
    price $189,900
29. 2020-12-28
    listed $194,900 Active
30. 2020-12-28
    listed $189,900
31. 2018-06-04
    historical
32. 2018-05-16
    price $149,500
33. 2018-04-18
    listed $149,500
34. 2018-04-18
    listed $154,500 Active
35. 2015-01-05
    soldstatus $95,000
36. 2014-12-30
    soldstatus $95,500
37. 2014-09-14
    listed $97,500
38. 2014-09-14
    listed $97,500
39. 2014-03-07
    soldstatus $51,450
40. 2013-12-11
    listed $69,000
41. 2013-12-11
    listed $69,000
42. 2012-04-16
    listed $69,000
43. 2012-04-16
    listed $69,000
44. 2011-09-23
    listed $118,000
45. 2011-09-23
    listed $118,000

ⓘ 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: $2,391 · $199/mo
• Projected year-2 tax: $2,391 · $199/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $22,838
• − Mortgage interest: −$6,722
• − Property taxes: −$2,391
• − Insurance: −$600
• − Repairs & maintenance: −$1,827
• − Management: −$1,827
• − Depreciation: −$3,491
• Taxable income: $5,980
• Est. tax owed @ 24.0%: −$1,435
• After-tax cash flow: $6,064/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

• Census place: Slidell, LA
• 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

+1.7% since first listed

38 events — show timeline

• 2026-06-10 Pending — AcadianaMLS
• 2026-06-10 Pending — GSREIN
• 2026-05-17 Relisted — AcadianaMLS
• 2026-05-17 Relisted — GSREIN
• 2026-05-08 Pending — AcadianaMLS
• 2026-05-08 Pending — GSREIN
• 2026-05-02 Listed $120,000 GSREIN
• 2026-05-02 Listed $120,000 AcadianaMLS
• 2024-11-08 Price Changed $115,000 AcadianaMLS
• 2024-11-08 Price Changed $115,000 GSREIN
• 2024-08-21 Price Changed $109,000 GSREIN
• 2024-08-07 Listed $115,000 AcadianaMLS
• 2024-08-07 Listed $109,000 AcadianaMLS
• 2021-08-04 Sold (Public Records) $194,900 Public Records
• 2021-05-21 Sold (MLS) $194,900 GSREIN
• 2021-04-19 Pending — GSREIN
• 2021-04-15 Relisted — GSREIN
• 2021-04-07 Pending — GSREIN
• 2021-03-17 Relisted — GSREIN
• 2021-03-12 Pending — GSREIN
• 2021-02-18 Price Changed $189,900 GSREIN
• 2020-12-28 Listed $189,900 AcadianaMLS
• 2020-12-28 Listed $194,900 GSREIN
• 2018-06-04 Listing Removed — GSREIN
• 2018-05-16 Price Changed $149,500 GSREIN
• 2018-04-18 Listed $154,500 GSREIN
• 2018-04-18 Listed $149,500 AcadianaMLS
• 2015-01-05 Sold (Public Records) $95,000 Public Records
• 2014-12-30 Sold (MLS) $95,500 GSREIN
• 2014-09-14 Listed $97,500 AcadianaMLS
• 2014-09-14 Listed $97,500 GSREIN
• 2014-03-07 Sold (MLS) $51,450 GSREIN
• 2013-12-11 Listed $69,000 AcadianaMLS
• 2013-12-11 Listed $69,000 GSREIN
• 2012-04-16 Listed $69,000 GSREIN
• 2012-04-16 Listed $69,000 AcadianaMLS
• 2011-09-23 Listed $118,000 GSREIN
• 2011-09-23 Listed $118,000 AcadianaMLS

Property tax history

+0.9%/yr

Latest (2025): $2,391 · +51.4% YoY. Source: county tax records.