3001 Meadow Lake Dr E · Slidell, LA 70461

$270,000

3 bd · 2.0 ba · 1,931 sqft · SingleFamily public records · 24 Days on market

Built 1996 Est $282k · at est. $6/mo HOA

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Why this score? — see what drove the D 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 +13.1/30.0
• ARV discount +9.4/15.0
• Schools +4.3/10.0
• DSCR +3.9/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully maintained 3-bedroom, 2-bath single-family residence located in a quiet, established neighborhood with easy access to I-10. This well-kept home features an updated kitchen with granite countertops and modern cabinetry, offering both style and functionality. The living area includes a cozy gas fireplace, perfect for relaxing on those chilly nights. The hall bathroom has been refreshed with a newer vanity, tiled flooring, and toilet. The primary bathroom includes newer tiled flooring, a new vanity, and a beautifully updated tiled walk-in shower. The interior was repainted approximately one year ago, creating a fresh and inviting feel throughout the home. Step outside to enjoy the oversized, fully fenced backyard complete with a covered patio--perfect for entertaining, relaxing, or outdoor dining. The low-maintenance garden area makes upkeep simple and convenient. A wonderful opportunity to own a move-in ready home in a desirable location.

Key facts

• Cozy gas fireplace
• Modern cabinetry
• Updated kitchen

Tags

• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• MODERN CABINETRY
• COZY GAS FIREPLACE
• REFRESHED HALL BATHROOM
• NEWER VANITY

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $75

Exterior

• Parking: Garage with door opener; Off-street parking; Three or more parking spaces
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: One-story home; Very good condition
• Construction: Brick and vinyl siding exterior; Shingle roof; Slab foundation
• Exterior features: Covered patio/porch; Fence; City lot; Rectangular lot; Lot dimensions approximately 80 x 120

Interior

• Kitchen: Dishwasher; Oven; Range; Refrigerator; Granite counters
• Bedrooms: Total rooms: 8
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Granite counters; Gas fireplace
• Laundry & utility: Washer hookup; Dryer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-9 ($-105/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (0.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (22.6% below list).
• Recommended offer: $209k (22.6% below list) — sets the bar for 1% rule.

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 (+1.7%/yr); 594 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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 $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($266k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y 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.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $208,978 (22.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.77% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.14%
• DSCR: 0.99
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $281,926
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
58444 Choctaw Dr	0.21mi	4/2.0 (+1)	2,000 (+4%)	1mo	$175,000	$88	78
1113 Rebecca Reid Dr	0.57mi	4/2.0 (+1)	1,947 (+1%)	1mo	$297,500	$153	66
1032 Sterling Oaks Blvd	0.47mi	4/2.0 (+1)	1,948 (+1%)	9mo	$275,000	$141	64
1118 Rebecca Reid Dr	0.57mi	3/2.0	1,977 (+2%)	8mo	$275,000	$139	62
1022 Helenes Way	0.44mi	4/2.0 (+1)	1,947 (+1%)	14mo	$285,000	$146	62
1109 Rebecca Reid Dr	0.55mi	4/2.0 (+1)	1,958 (+1%)	7mo	$255,000	$130	61
1014 Sterling Oaks Blvd	0.37mi	4/2.0 (+1)	1,948 (+1%)	20mo	$305,000	$157	60
1003 Deborah Dr	0.54mi	4/2.5 (+1)	2,065 (+7%)	1mo	$325,000	$157	56
1016 Sterling Oaks Blvd	0.38mi	3/2.5	2,055 (+6%)	16mo	$250,000	$122	56
1021 Helenes Way	0.41mi	4/2.0 (+1)	2,061 (+7%)	12mo	$315,000	$153	55
40032 Cane Ave	0.41mi	4/2.0 (+1)	2,002 (+4%)	19mo	$355,000	$177	54
995 Maple Creek Dr	0.55mi	4/2.0 (+1)	2,196 (+14%)	4mo	$280,000	$128	43

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: -17.9%
• Equity multiple: 0.38×
• Total profit: $-47,061
• Equity at exit: $40,258

10-year hold

• IRR: -12.5%
• Equity multiple: 0.30×
• Total profit: $-52,712
• Equity at exit: $23,345

Cash invested: $75,600 (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 70461

• Home prices YoY: -33.0%
• Rents YoY: 1.7%
• Active inventory: 594
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,090 high
• Mortgage (P&I): −$1,416
• Tax from tax record: −$125 /mo · $1,503/yr
• Insurance: −$112
• HOA: −$6
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $-9

Break-even live

Break-even rent $2,101

Max offer price $268,456

Occupancy floor 95%

Sensitivity live

Price	-10% $144	-5% $68	+0% $-9	+5% $-85	+10% $-162
Rent	-10% $-174	-5% $-91	+0% $-9	+5% $74	+10% $156
Rate	-1.0pp $127	-0.5pp $60	base $-9	+0.5pp $-79	+1.0pp $-150

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3517 Meadow Lake Dr W Slidell, LA	3.0	2.0	1931	$2,200	$1.14	45d	1	0.05mi
39344 Rosalind Dr Slidell, LA	3.0	2.0	1500	$2,400	$1.60	45d	1	0.21mi
40065 Cane St Slidell, LA	3.0	2.0	1345	$2,150	$1.60	4d	1	0.49mi
40065 Cane St Slidell, LA	3.0	2.0	1345	$2,200	$1.64	45d	1	0.49mi
221 Lake Tahoe Dr Slidell, LA	3.0	2.0	1671	$1,850	$1.11	45d	1	0.83mi
433 Grafton Dr Slidell, LA	3.0	2.0	1625	$1,900	$1.17	45d	1	0.90mi
577 Panther Dr Slidell, LA	3.0	2.0	1483	$1,850	$1.25	4d	1	1.01mi
40635 Hayes Rd Slidell, LA	3.0	2.0	1250	$1,800	$1.44	18d	1	1.08mi
816 Rue Rochelle Slidell, LA	2.0	1.5	1500	$1,200	$0.80	45d	1	1.19mi
40773 Hayes Rd Slidell, LA	3.0	2.0	1369	$2,000	$1.46	25d	1	1.25mi
40773 Hayes Rd Slidell, LA	3.0	2.0	1369	$2,000	$1.46	45d	1	1.25mi
39348 Mc Kendall Dr Slidell, LA	3.0	2.5	2510	$2,600	$1.04	3d	1	1.27mi
814 Lake Borgne Ct Slidell, LA	3.0	2.0	1560	$1,900	$1.22	22d	1	1.31mi
57479 Cedar Ave Slidell, LA	4.0	2.0	1950	$1,800	$0.92	25d	1	1.33mi
1011 Rue Bordeaux Slidell, LA	4.0	2.0	2268	$2,000	$0.88	4d	1	1.34mi
1011 Rue Bordeaux Slidell, LA	4.0	2.0	2268	$2,000	$0.88	4d	1	1.34mi
1733 Mary Dr Slidell, LA	3.0	2.0	1349	$1,650	$1.22	45d	1	1.35mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	45d	1	1.39mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	25d	1	1.39mi
812 N Lake Verret Ct Slidell, LA	3.0	2.0	1862	$2,500	$1.34	25d	1	1.39mi
1466 Florida Ave Slidell, LA	3.0	2.0	1456	$2,200	$1.51	45d	1	1.40mi
1540 Wildwood Ln Slidell, LA	3.0	2.0	1525	$2,200	$1.44	25d	1	1.42mi
221 Martin Ln Slidell, LA	3.0	1.5	1353	$1,800	$1.33	25d	1	1.47mi
57346 Maple Ave Slidell, LA	3.0	2.5	1550	$1,500	$0.97	45d	1	1.47mi

HOA detail

• Monthly dues: $6 · $72/yr
• Likely covers: gas

Listing history 23 events

1. 2026-06-21
   days on market $270,000 Active 24 DOM
2. 2026-06-18
   days on market $270,000 Active 21 DOM
3. 2026-06-17
   days on market $270,000 Active 20 DOM
4. 2026-06-16
   days on market $270,000 Active 19 DOM
5. 2026-06-15
   days on market $270,000 Active 18 DOM
6. 2026-06-13
   days on market $270,000 Active 16 DOM
7. 2026-06-10
   days on market $270,000 Active 13 DOM
8. 2026-06-09
   days on market $270,000 Active 12 DOM
9. 2026-06-08
   days on market $270,000 Active 11 DOM
10. 2026-06-07
    days on market $270,000 Active 10 DOM
11. 2026-06-03
    days on market $270,000 Active 6 DOM
12. 2026-06-02
    days on market $270,000 Active 5 DOM
13. 2026-06-01
    days on market $270,000 Active 4 DOM
14. 2026-05-31
    days on market $270,000 Active 3 DOM
15. 2026-05-27
    listed $270,000 Active

    Show marketing remark (962 chars)

    Beautifully maintained 3-bedroom, 2-bath single-family residence located in a quiet, established neighborhood with easy access to I-10. This well-kept home features an updated kitchen with granite countertops and modern cabinetry, offering both style and functionality. The living area includes a cozy gas fireplace, perfect for relaxing on those chilly nights. The hall bathroom has been refreshed with a newer vanity, tiled flooring, and toilet. The primary bathroom includes newer tiled flooring, a new vanity, and a beautifully updated tiled walk-in shower. The interior was repainted approximately one year ago, creating a fresh and inviting feel throughout the home. Step outside to enjoy the oversized, fully fenced backyard complete with a covered patio--perfect for entertaining, relaxing, or outdoor dining. The low-maintenance garden area makes upkeep simple and convenient. A wonderful opportunity to own a move-in ready home in a desirable location.

16. 2026-05-27
    listed $270,000 Active 962-char remark

    Show marketing remark (962 chars)

    Beautifully maintained 3-bedroom, 2-bath single-family residence located in a quiet, established neighborhood with easy access to I-10. This well-kept home features an updated kitchen with granite countertops and modern cabinetry, offering both style and functionality. The living area includes a cozy gas fireplace, perfect for relaxing on those chilly nights. The hall bathroom has been refreshed with a newer vanity, tiled flooring, and toilet. The primary bathroom includes newer tiled flooring, a new vanity, and a beautifully updated tiled walk-in shower. The interior was repainted approximately one year ago, creating a fresh and inviting feel throughout the home. Step outside to enjoy the oversized, fully fenced backyard complete with a covered patio--perfect for entertaining, relaxing, or outdoor dining. The low-maintenance garden area makes upkeep simple and convenient. A wonderful opportunity to own a move-in ready home in a desirable location.

17. 2021-08-02
    soldstatus $236,000
18. 2019-07-01
    soldstatus $215,000
19. 2016-03-29
    soldstatus $180,000
20. 2016-03-28
    soldstatus $180,000 Sold 314-char remark

    Show marketing remark (314 chars)

    Easy access to I-10/I-12 for commuters to NOLA or Stennis/MS Gulf Coast. Flood zone 'C' - never flooded. Original owner. Woodlawn floor plan - Formal LR/DR combination with fireplace in den. Large master bedroom at back of the house. Enjoy your morning coffee on the extended covered patio. Priced to sell quickly.

21. 2016-02-21
    historical Pending Continue to Show 314-char remark

    Show marketing remark (314 chars)

    Easy access to I-10/I-12 for commuters to NOLA or Stennis/MS Gulf Coast. Flood zone 'C' - never flooded. Original owner. Woodlawn floor plan - Formal LR/DR combination with fireplace in den. Large master bedroom at back of the house. Enjoy your morning coffee on the extended covered patio. Priced to sell quickly.

22. 2015-10-19
    listed $184,900 Active 314-char remark

    Show marketing remark (314 chars)

    Easy access to I-10/I-12 for commuters to NOLA or Stennis/MS Gulf Coast. Flood zone 'C' - never flooded. Original owner. Woodlawn floor plan - Formal LR/DR combination with fireplace in den. Large master bedroom at back of the house. Enjoy your morning coffee on the extended covered patio. Priced to sell quickly.

23. 2015-10-19
    listed $184,900

    Show marketing remark (314 chars)

    Easy access to I-10/I-12 for commuters to NOLA or Stennis/MS Gulf Coast. Flood zone 'C' - never flooded. Original owner. Woodlawn floor plan - Formal LR/DR combination with fireplace in den. Large master bedroom at back of the house. Enjoy your morning coffee on the extended covered patio. Priced to sell quickly.

ⓘ 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: $1,503 · $125/mo
• Projected year-2 tax: $1,503 · $125/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 · 54% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $25,077
• − Mortgage interest: −$15,124
• − Property taxes: −$1,503
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,006
• − Management: −$2,006
• − HOA: −$72
• − Depreciation: −$7,855
• Taxable loss: −$4,839
• Est. tax savings @ 24.0%: +$1,161
• After-tax cash flow: $1,056/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): 34,808
• Household income: $89,003
• Rent vs Own: 23.1% rent · 76.9% own
• Severe rent burden: 328.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 55% Black 24% Two or more races 14% Hispanic / Latino 11% Asian 3%
• 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: —

Market trends

• HPI YoY: ▼ -74.47%
• Current HPI: 151.3353
• Rent YoY: ▲ 1.72%
• 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

+46.0% since first listed

9 events — show timeline

• 2026-05-27 Listed $270,000 AcadianaMLS
• 2026-05-27 Listed $270,000 GSREIN
• 2021-08-02 Sold (Public Records) $236,000 Public Records
• 2019-07-01 Sold (Public Records) $215,000 Public Records
• 2016-03-29 Sold (Public Records) $180,000 Public Records
• 2016-03-28 Sold (MLS) $180,000 GSREIN
• 2016-02-21 Contingent — GSREIN
• 2015-10-19 Listed $184,900 GSREIN
• 2015-10-19 Listed $184,900 AcadianaMLS

Property tax history

-2.1%/yr

Latest (2025): $1,503 · -3.8% YoY. Source: county tax records.