35703 Garden Dr · Slidell, LA 70460

$150,000

3 bd · 2.0 ba · 1,575 sqft · SingleFamily public records · 59 Days on market

Built 1979 1.02 ac lot $95/sqft · at area comps Est $148k · at est.

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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 +27.3/30.0
• DSCR +9.5/10.0
• 1% rule +7.1/10.0
• ARV discount +6.9/15.0
• 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

This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

Key facts

• Large backyard
• Large lot
• Renovated kitchen

Tags

• RENOVATED KITCHEN
• LARGE LOT
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.8% 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; 12 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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 35% 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 ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 12y 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

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.21% ✓
• Cap rate: 9.77%
• Cash-on-cash: 12.40%
• DSCR: 1.55
• GRM: 6.9

CMA / ARV

• ARV (median comp): $148,104
• List price: $150,000
• Delta: 1.28%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1715 W Hall Ave	0.20mi	3/2.0	1,550 (-2%)	1mo	$82,000	$53	87
213 Drury Ln	0.34mi	3/2.0	1,588 (+1%)	1mo	$191,000	$120	82
201 Drury Ln	0.31mi	3/2.0	1,648 (+5%)	2mo	$170,000	$103	76
217 Portsmouth Dr	0.41mi	4/2.0 (+1)	1,576 (+0%)	2mo	$220,000	$140	74
211 Holmes Dr	0.52mi	3/2.0	1,560 (-1%)	3mo	$235,000	$151	72
209 Drury Ln	0.33mi	3/2.0	1,470 (-7%)	3mo	$171,000	$116	71
205 Drury Ln	0.32mi	4/2.0 (+1)	1,485 (-6%)	2mo	$219,900	$148	68
313 Westminster Dr	0.52mi	4/2.0 (+1)	1,600 (+2%)	2mo	$210,000	$131	67
319 Westminster Dr	0.54mi	3/2.0	1,648 (+5%)	2mo	$228,500	$139	65
35378 Liberty Dr	0.54mi	3/2.0	1,411 (-10%)	3mo	$240,000	$170	55
1224 Maris Stella Ave	0.61mi	3/2.0	1,350 (-14%)	2mo	$155,000	$115	46
1374 Rummel St	0.71mi	4/2.0 (+1)	1,349 (-14%)	2mo	$215,000	$159	37

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: 2.8%
• Equity multiple: 1.11×
• Total profit: $4,601
• Equity at exit: $22,365

10-year hold

• IRR: 15.0%
• Equity multiple: 2.38×
• Total profit: $58,070
• Equity at exit: $12,969

Cash invested: $42,000 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,809 high
• Mortgage (P&I): −$787
• Tax from tax record: −$146 /mo · $1,749/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $368

Break-even live

Break-even rent $1,343

Max offer price $150,000

Occupancy floor 75%

Sensitivity live

Price	-10% $453	-5% $410	+0% $368	+5% $325	+10% $283
Rent	-10% $225	-5% $296	+0% $368	+5% $439	+10% $511
Rate	-1.0pp $443	-0.5pp $406	base $368	+0.5pp $329	+1.0pp $289

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35567 Liberty Dr Slidell, LA	3.0	2.0	1232	$1,650	$1.34	45d	1	0.27mi
35621 Oak Ridge Ave Slidell, LA	3.0	2.0	1406	$1,800	$1.28	44d	1	0.38mi
58019 Carroll Rd Slidell, LA	4.0	2.0	1400	$1,695	$1.21	44d	1	0.50mi
1111 Saint Scholastica St Slidell, LA	3.0	2.0	2037	$2,000	$0.98	24d	1	0.66mi
35363 Melody Ln Slidell, LA	3.0	2.0	1510	$1,800	$1.19	44d	1	0.69mi
444 Holmes Dr Slidell, LA	4.0	2.0	1594	$1,800	$1.13	45d	1	0.77mi
110 Charles Dr Slidell, LA	4.0	2.0	2210	$2,175	$0.98	12d	1	0.81mi
134 Napoleon Ave Slidell, LA	2.0	2.0	1450	$1,400	$0.97	44d	1	0.94mi
36409 Jackson Rd Slidell, LA	4.0	2.0	1670	$2,100	$1.26	44d	1	1.09mi
96 Chamale Cv Slidell, LA	2.0	2.5	1432	$1,500	$1.05	24d	1	1.19mi
96 Chamale Cv Slidell, LA	3.0	2.5	1432	$1,500	$1.05	44d	1	1.19mi
48 Chamale Cv E Slidell, LA	2.0	2.0	1432	$1,650	$1.15	44d	1	1.28mi

Listing history 24 events

1. 2026-05-15
   status Pending 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

2. 2026-05-15
   status Pending 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

3. 2026-03-31
   status Active 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

4. 2026-03-31
   status Active 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

5. 2026-03-22
   status Pending 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

6. 2026-03-22
   status Pending 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

7. 2026-03-18
   status Active 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

8. 2026-03-18
   status Active 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

9. 2026-02-25
   status Pending 346-char remark

   Show marketing remark (346 chars)

   This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

10. 2026-02-25
    status Pending 346-char remark

    Show marketing remark (346 chars)

    This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

11. 2026-02-17
    status Active 346-char remark

    Show marketing remark (346 chars)

    This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

12. 2026-02-17
    status Active 346-char remark

    Show marketing remark (346 chars)

    This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

13. 2026-02-16
    historical 346-char remark

    Show marketing remark (346 chars)

    This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

14. 2026-02-15
    listed $150,000 Active 346-char remark

    Show marketing remark (346 chars)

    This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

15. 2026-02-15
    listed $150,000 Active 346-char remark

    Show marketing remark (346 chars)

    This spacious 3 bed 2 bath home sits on a large 1.02 acre lot, has a renovated kitchen, comes with all the appliances, and is conveniently located just minutes from the interstate, and the many dining and shopping options in Slidell. The backyard is large enough for big parties, crawfish boils, and is a blank slate waiting for your imagination.

16. 2022-08-21
    price $1,700
17. 2016-05-16
    soldstatus $165,000 Sold
18. 2016-04-04
    historical Pending Continue to Show
19. 2016-02-29
    listed $169,900 Active
20. 2016-02-26
    listed $169,900
21. 2015-06-08
    listed $159,900
22. 2014-12-18
    soldstatus $27,000
23. 2014-08-20
    listed $20,900
24. 2014-08-20
    listed $20,900

ⓘ 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: $1,749 · $146/mo
• Projected year-2 tax: $1,749 · $146/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 8/10 Severe FEMA zone X (shaded) · 96% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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: $21,705
• − Mortgage interest: −$8,402
• − Property taxes: −$1,749
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,736
• − Management: −$1,736
• − Depreciation: −$4,364
• Taxable income: $2,170
• Est. tax owed @ 24.0%: −$521
• After-tax cash flow: $3,891/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

+617.7% since first listed

24 events — show timeline

• 2026-05-15 Pending — AcadianaMLS
• 2026-05-15 Pending — GSREIN
• 2026-03-31 Relisted — AcadianaMLS
• 2026-03-31 Relisted — GSREIN
• 2026-03-22 Pending — AcadianaMLS
• 2026-03-22 Pending — GSREIN
• 2026-03-18 Relisted — AcadianaMLS
• 2026-03-18 Relisted — GSREIN
• 2026-02-25 Pending — AcadianaMLS
• 2026-02-25 Pending — GSREIN
• 2026-02-17 Relisted — AcadianaMLS
• 2026-02-17 Relisted — GSREIN
• 2026-02-16 Listing Removed — GSREIN
• 2026-02-15 Listed $150,000 GSREIN
• 2026-02-15 Listed $150,000 AcadianaMLS
• 2022-08-21 Price Changed $1,700 RENT.
• 2016-05-16 Sold (MLS) $165,000 GSREIN
• 2016-04-04 Contingent — GSREIN
• 2016-02-29 Listed $169,900 GSREIN
• 2016-02-26 Listed $169,900 AcadianaMLS
• 2015-06-08 Listed $159,900 AcadianaMLS
• 2014-12-18 Sold (MLS) $27,000 GSREIN
• 2014-08-20 Listed $20,900 AcadianaMLS
• 2014-08-20 Listed $20,900 GSREIN

Property tax history

+14.4%/yr

Latest (2018): $1,749 · +76.9% YoY. Source: county tax records.