2406 Bluebird St · Slidell, LA 70460

$169,900

3 bd · 2.0 ba · 1,218 sqft · SingleFamily public records · 42 Days on market

Built 1987 6,969 sqft lot $139/sqft · 16% below area Est $201k · 16% 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 +24.8/30.0
• ARV discount +14.5/15.0
• DSCR +8.0/10.0
• 1% rule +5.4/10.0
• Schools +4.3/10.0
• Rent growth +4.0/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Dreaming of a 3-bedroom, 2-bath Slidell home for under $170,000? HERE IT IS!! 2406 Bluebird St is priced to sell, rests in a preferred flood zone, & is convenient to shopping, dining, & I10. This precious property just received a fresh coat of interior paint, a new primary bathroom shower surround, a garden refresh, & an exterior pressure washing. Beyond the front door is the coziest living room thanks to a wood-burning fireplace & a lofty wood mantel ready for all the decorations. The eat-in kitchen shines with a new range oven & built-in microwave (2025). The kitchen flows into a bonus room that can serve as formal dining/office/playroom. Head through the double doors into the expansive backyard which is fully-fenced & anchored with a storage shed that will stay for new homeowner. The covered patio makes for a shady retreat from the heat or rain. And the Trace Park & Ride is a quick jaunt. Book your tour & fall in love with 2406 Bluebird St where dreams really do come true! Click link to visit virtually - https://unbranded.visithome.ai/dqvNPnWrRjkKbAGWfNEFFn?mu=ft&t=1777507978

Key facts

• Garden refresh
• New range oven
• Lofty wood mantel

Tags

• FRESH COAT OF INTERIOR PAINT
• GARDEN REFRESH
• EXTERIOR PRESSURE WASHING
• WOOD BURNING FIREPLACE
• LOFTY WOOD MANTEL
• NEW RANGE OVEN

Property features AI

Finance

• Other: Lot is rectangular, approximately 47 x 141; Lot located outside city limits

Exterior

• Parking: Driveway
• Utilities: Public water; Sewer to treatment plant
• Home design: Single-story home; Shingle roof; Brick and wood siding construction; Slab foundation; Property in very good condition; Has home warranty
• Construction: Built with brick and wood siding; Shingle roof; Slab foundation
• Exterior features: Fence; Concrete covered patio; Shed(s)

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range
• Bedrooms: Total rooms: 6
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Attic access with pull-down stairs; Ceiling fan(s); Granite counters; Cable TV availability; Wood-burning fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $165k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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 fast (+5.9%/yr); 241 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 34% 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 $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 + 5.9% rent growth), your $48k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 30y 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: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.04% ✓
• Cap rate: 8.83%
• Cash-on-cash: 9.05%
• DSCR: 1.40
• GRM: 8.0

CMA / ARV

• ARV (median comp): $201,182
• List price: $169,900
• Delta: -15.55%
• 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
2406 Bluebird St	0.00mi	3/2.0	1,218 (0%)	0mo	$175,000	$144	100
2523 Bluebird St	0.21mi	3/2.0	1,222 (+0%)	2mo	$155,000	$127	88
2111 Robin St	0.38mi	3/2.0	1,230 (+1%)	3mo	$215,000	$175	78
2116 Jay St	0.38mi	3/2.0	1,170 (-4%)	3mo	$202,500	$173	73
2514 Robin St	0.21mi	3/2.0	1,334 (+10%)	2mo	$190,000	$142	72
2502 Mallard St	0.33mi	3/2.0	1,291 (+6%)	3mo	$172,000	$133	72
2218 Teal St	0.42mi	3/2.0	1,262 (+4%)	3mo	$142,000	$113	72
2517 Pelican St	0.21mi	3/2.0	1,367 (+12%)	1mo	$240,000	$176	69
2110 Mallard St	0.47mi	2/2.0 (-1)	1,266 (+4%)	1mo	$125,000	$99	66
2402 Mallard St	0.31mi	3/2.0	1,361 (+12%)	3mo	$125,000	$92	64
2120 Oriole St	0.39mi	2/1.0 (-1)	1,164 (-4%)	2mo	$153,000	$131	63
2022 Mallard St	0.55mi	3/1.0	1,148 (-6%)	2mo	$165,000	$144	60

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: 0.3%
• Equity multiple: 1.01×
• Total profit: $592
• Equity at exit: $25,333

10-year hold

• IRR: 12.5%
• Equity multiple: 2.11×
• Total profit: $52,933
• Equity at exit: $14,690

Cash invested: $47,572 (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 70460

• Rents YoY: 5.9%
• Active inventory: 241
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,769 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$77 /mo · $929/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $359

Break-even live

Break-even rent $1,315

Max offer price $169,900

Occupancy floor 75%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2402 Pelican St Slidell, LA	3.0	2.0	1400	$1,700	$1.21	24d	1	0.06mi
2519 Crane St Slidell, LA	3.0	2.0	1160	$1,600	$1.38	24d	1	0.22mi
2322 Mallard St Slidell, LA	3.0	2.0	1400	$1,600	$1.14	44d	1	0.31mi

Listing history 29 events

1. 2026-06-10
   status $169,900 Pending 42 DOM
2. 2026-06-09
   days on market $169,900 Active Under Contract 42 DOM
3. 2026-06-08
   days on market $169,900 Active Under Contract 41 DOM
4. 2026-06-07
   days on market $169,900 Active Under Contract 40 DOM
5. 2026-06-03
   days on market $169,900 Active Under Contract 36 DOM
6. 2026-06-02
   days on market $169,900 Active Under Contract 35 DOM
7. 2026-06-01
   days on market $169,900 Active Under Contract 34 DOM
8. 2026-05-31
   days on market $169,900 Active Under Contract 33 DOM
9. 2026-05-09
   status Pending 1131-char remark

   Show marketing remark (1131 chars)

   Dreaming of a 3-bedroom, 2-bath Slidell home for under $170,000? HERE IT IS!! 2406 Bluebird St is priced to sell, rests in a preferred flood zone, & is convenient to shopping, dining, & I10. This precious property just received a fresh coat of interior paint, a new primary bathroom shower surround, a garden refresh, & an exterior pressure washing. Beyond the front door is the coziest living room thanks to a wood-burning fireplace & a lofty wood mantel ready for all the decorations. The eat-in kitchen shines with a new range oven & built-in microwave (2025). The kitchen flows into a bonus room that can serve as formal dining/office/playroom. Head through the double doors into the expansive backyard which is fully-fenced & anchored with a storage shed that will stay for new homeowner. The covered patio makes for a shady retreat from the heat or rain. And the Trace Park & Ride is a quick jaunt. Book your tour & fall in love with 2406 Bluebird St where dreams really do come true! Click link to visit virtually - https://unbranded.visithome.ai/dqvNPnWrRjkKbAGWfNEFFn?mu=ft&t=1777507978

10. 2026-05-09
    historical Active Under Contract 1148-char remark

    Show marketing remark (1131 chars)

    Dreaming of a 3-bedroom, 2-bath Slidell home for under $170,000? HERE IT IS!! 2406 Bluebird St is priced to sell, rests in a preferred flood zone, & is convenient to shopping, dining, & I10. This precious property just received a fresh coat of interior paint, a new primary bathroom shower surround, a garden refresh, & an exterior pressure washing. Beyond the front door is the coziest living room thanks to a wood-burning fireplace & a lofty wood mantel ready for all the decorations. The eat-in kitchen shines with a new range oven & built-in microwave (2025). The kitchen flows into a bonus room that can serve as formal dining/office/playroom. Head through the double doors into the expansive backyard which is fully-fenced & anchored with a storage shed that will stay for new homeowner. The covered patio makes for a shady retreat from the heat or rain. And the Trace Park & Ride is a quick jaunt. Book your tour & fall in love with 2406 Bluebird St where dreams really do come true! Click link to visit virtually - https://unbranded.visithome.ai/dqvNPnWrRjkKbAGWfNEFFn?mu=ft&t=1777507978

11. 2026-04-22
    listed $169,900 Active 1131-char remark

    Show marketing remark (1131 chars)

    Dreaming of a 3-bedroom, 2-bath Slidell home for under $170,000? HERE IT IS!! 2406 Bluebird St is priced to sell, rests in a preferred flood zone, & is convenient to shopping, dining, & I10. This precious property just received a fresh coat of interior paint, a new primary bathroom shower surround, a garden refresh, & an exterior pressure washing. Beyond the front door is the coziest living room thanks to a wood-burning fireplace & a lofty wood mantel ready for all the decorations. The eat-in kitchen shines with a new range oven & built-in microwave (2025). The kitchen flows into a bonus room that can serve as formal dining/office/playroom. Head through the double doors into the expansive backyard which is fully-fenced & anchored with a storage shed that will stay for new homeowner. The covered patio makes for a shady retreat from the heat or rain. And the Trace Park & Ride is a quick jaunt. Book your tour & fall in love with 2406 Bluebird St where dreams really do come true! Click link to visit virtually - https://unbranded.visithome.ai/dqvNPnWrRjkKbAGWfNEFFn?mu=ft&t=1777507978

12. 2026-04-22
    listed $169,900 Active 1148-char remark

    Show marketing remark (1131 chars)

    Dreaming of a 3-bedroom, 2-bath Slidell home for under $170,000? HERE IT IS!! 2406 Bluebird St is priced to sell, rests in a preferred flood zone, & is convenient to shopping, dining, & I10. This precious property just received a fresh coat of interior paint, a new primary bathroom shower surround, a garden refresh, & an exterior pressure washing. Beyond the front door is the coziest living room thanks to a wood-burning fireplace & a lofty wood mantel ready for all the decorations. The eat-in kitchen shines with a new range oven & built-in microwave (2025). The kitchen flows into a bonus room that can serve as formal dining/office/playroom. Head through the double doors into the expansive backyard which is fully-fenced & anchored with a storage shed that will stay for new homeowner. The covered patio makes for a shady retreat from the heat or rain. And the Trace Park & Ride is a quick jaunt. Book your tour & fall in love with 2406 Bluebird St where dreams really do come true! Click link to visit virtually - https://unbranded.visithome.ai/dqvNPnWrRjkKbAGWfNEFFn?mu=ft&t=1777507978

13. 2018-04-02
    soldstatus $123,900
14. 2018-03-29
    soldstatus $123,900 Sold

    Show marketing remark (178 chars)

    Totally renovated 3 bed 2 bath home priced to sell. New stainless steel appliances, new flooring, granite countertops, freshly painted inside and out, new French doors, and more.

15. 2018-02-11
    status Under Contract

    Show marketing remark (178 chars)

    Totally renovated 3 bed 2 bath home priced to sell. New stainless steel appliances, new flooring, granite countertops, freshly painted inside and out, new French doors, and more.

16. 2018-01-25
    price $126,900

    Show marketing remark (178 chars)

    Totally renovated 3 bed 2 bath home priced to sell. New stainless steel appliances, new flooring, granite countertops, freshly painted inside and out, new French doors, and more.

17. 2018-01-02
    price $129,900

    Show marketing remark (178 chars)

    Totally renovated 3 bed 2 bath home priced to sell. New stainless steel appliances, new flooring, granite countertops, freshly painted inside and out, new French doors, and more.

18. 2017-11-29
    price $134,500

    Show marketing remark (178 chars)

    Totally renovated 3 bed 2 bath home priced to sell. New stainless steel appliances, new flooring, granite countertops, freshly painted inside and out, new French doors, and more.

19. 2017-11-23
    listed $134,900 Active

    Show marketing remark (178 chars)

    Totally renovated 3 bed 2 bath home priced to sell. New stainless steel appliances, new flooring, granite countertops, freshly painted inside and out, new French doors, and more.

20. 2017-11-23
    listed $126,900

    Show marketing remark (178 chars)

    Totally renovated 3 bed 2 bath home priced to sell. New stainless steel appliances, new flooring, granite countertops, freshly painted inside and out, new French doors, and more.

21. 2017-09-09
    historical
22. 2017-09-02
    listed $99,900 Active
23. 2017-09-02
    listed $99,900
24. 2017-08-29
    historical
25. 2017-03-06
    listed $99,900 Active
26. 2017-02-28
    listed $99,900
27. 1996-10-30
    soldstatus $60,000
28. 1996-07-13
    listed $62,000
29. 1996-07-13
    listed $62,000

ⓘ 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: $929 · $77/mo
• Projected year-2 tax: $934 · $78/mo
• Expected delta: +$6/yr ($0/mo · 0.6%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X · 22% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 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

Taxation est. · year 1

• Rental income: $21,234
• − Mortgage interest: −$9,517
• − Property taxes: −$929
• − Insurance: −$850
• − Repairs & maintenance: −$1,699
• − Management: −$1,699
• − Depreciation: −$4,943
• Taxable income: $1,599
• Est. tax owed @ 24.0%: −$384
• After-tax cash flow: $3,921/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): 21,669
• Household income: $62,565
• Rent vs Own: 22.0% rent · 78.0% own
• Severe rent burden: 318.0

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 0.62)
• 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%

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

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

+182.3% since first listed

24 events — show timeline

• 2026-06-17 Sold (MLS) $175,000 GSREIN
• 2026-06-17 Sold (MLS) $175,000 AcadianaMLS
• 2026-06-09 Pending — GSREIN
• 2026-05-09 Pending — AcadianaMLS
• 2026-05-09 Contingent — GSREIN
• 2026-04-22 Listed $169,900 GSREIN
• 2026-04-22 Listed $169,900 AcadianaMLS
• 2018-04-02 Sold (Public Records) $123,900 Public Records
• 2018-03-29 Sold (MLS) $123,900 GSREIN
• 2018-02-11 Pending — GSREIN
• 2018-01-25 Price Changed $126,900 GSREIN
• 2018-01-02 Price Changed $129,900 GSREIN
• 2017-11-29 Price Changed $134,500 GSREIN
• 2017-11-23 Listed $126,900 AcadianaMLS
• 2017-11-23 Listed $134,900 GSREIN
• 2017-09-09 Listing Removed — GSREIN
• 2017-09-02 Listed $99,900 GSREIN
• 2017-09-02 Listed $99,900 AcadianaMLS
• 2017-08-29 Listing Removed — GSREIN
• 2017-03-06 Listed $99,900 GSREIN
• 2017-02-28 Listed $99,900 AcadianaMLS
• 1996-10-30 Sold (MLS) $60,000 GSREIN
• 1996-07-13 Listed $62,000 GSREIN
• 1996-07-13 Listed $62,000 AcadianaMLS

Property tax history

-3.0%/yr

Latest (2025): $929 · -3.8% YoY. Source: county tax records.