CashFlowRE
Sign in Sign up
5563 Grand Springs Rd
D Composite 43.32
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).

  • ARV discount +14.6/15.0
  • Cash flow +9.9/30.0
  • Condition / age +3.8/5.0
  • Livability +3.5/5.0
  • 1% rule +3.3/10.0
  • Rent growth +2.9/5.0
  • DSCR +2.8/10.0
  • Schools +2.6/10.0
  • Appreciation +0.0/10.0

$279,999

5563 Grand Springs Rd · Slidell, LA 70461
4 bd · 2.0 ba · 1,836 sqft · SingleFamily public records · 87 Days on market
Built 2023 Good condition Garage $153/sqft · 16% below area Est $332k · 16% under $62/mo HOA · 3% of rent ↓ 6% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Purchase this home with $0 DOWN!! Grants are also available! Better than new and move-in ready -- already upgraded Cali floor plan stands out from the rest. Thoughtfully designed single-story layout with a functional living space featuring adorable custom accent walls and upgraded luxury vinyl flooring. Only 3 years young this plan features a seamless flow between the common areas great for both everyday life or entertaining. The spacious kitchen serves as the heart of the home, complete with a large center island, ample cabinetry, and large pantry, all overlooking the dining and living areas. The primary suite is tucked away at the rear for added privacy and features an ensuite bath with dual vanities and a generous walk-in closet. Stretch out and relax amongst the other three bedrooms. They provide flexibility for guests, home office space, or a growing household. If you've been searching for style, space, and functionality in a move-in ready home -- this is it. Remaining builder warranties to transfer to new buyer. LOCATED IN FLOOD ZONE X Just a short commute to Downtown New Orleans with convenient access to shopping, dining, and entertainment. Enjoy resort-style amenities including a pool with water slides, fitness center, basketball and soccer courts, playgrounds, walking/biking paths, and peaceful lake views. ONE YEAR HOME WARRANTY INCLUDED IN PURCHASE.

Key facts

  • Large center island
  • Ample cabinetry
  • Spacious kitchen

Tags

CALI FLOOR PLANCUSTOM ACCENT WALLSLUXURY VINYL FLOORINGSPACIOUS KITCHENLARGE CENTER ISLANDAMPLE CABINETRY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $280k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-176 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $249k (11.1% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $233k (16.7% below list).
  • Recommended offer: $233k (16.7% 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.
  • Zoned schools: W.L. Abney Elementary School (math 31% / reading 38%, grade F, #284 of 646 statewide, top 46%, 1,094 students, 70% FRL); St. Tammany Junior High School (math 19% / reading 41%, grade F, #114 of 218 statewide, top 53%, 793 students, 68% FRL); Salmen High School (math 15% / reading 27%, grade F, #179 of 265 statewide, top 68%, 1,216 students, 62% FRL) — zoned schools average 67% FRL vs 40% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 28% at this address vs 49% district-wide (-20 pts) — the specific schools serving this property underperform the St. Tammany Parish average; the district grade overstates school quality for this exact location.
  • Market conditions: Rents rising (+1.7%/yr); 690 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 42d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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).
  • This rent runs 31% of the median local income ($89k/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 $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 87 days — a 6% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts since 4y 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 $233,102 (16.7% 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. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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.
  9. 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.
  10. 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
0.83%
Cap rate
5.54%
Cash-on-cash
-2.69%
DSCR
0.88
GRM
10.0

CMA / ARV

ARV (median comp)
$332,419
List price
$279,999
Delta
-15.77%
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
5152 Clarkston Grove Dr 0.09mi 4/2.0 1,700 (-7%) 1mo $170,000 $100 83
5117 Clarkston Grove Dr 0.12mi 4/3.0 2,088 (+14%) 0mo $235,000 $113 67
3381 Bellwick Bay Dr 0.36mi 4/2.0 1,610 (-12%) 3mo $239,900 $149 60
5449 Fornea Glen Way 0.57mi 3/2.5 (-1) 1,776 (-3%) 4mo $274,900 $155 58
5433 Fornea Glen Way 0.57mi 4/2.0 1,612 (-12%) 1mo $251,900 $156 52
5421 Fornea Glen Way 0.57mi 4/2.0 1,612 (-12%) 1mo $249,900 $155 52
5441 Fornea Glen Way 0.57mi 4/2.0 1,612 (-12%) 2mo $249,900 $155 51
5472 Fornea Glen Way 0.57mi 4/2.0 1,612 (-12%) 4mo $256,005 $159 50
5444 Fornea Glen Way 0.57mi 4/3.0 2,038 (+11%) 3mo $302,000 $148 48
949 Channel Bend Ct 0.53mi 3/2.5 (-1) 1,644 (-10%) 4mo $262,181 $159 48
5132 Spillway Manor Dr 0.68mi 5/3.0 (+1) 2,016 (+10%) 3mo $296,795 $147 40
5144 Spillway Manor Dr 0.72mi 4/2.0 1,562 (-15%) 3mo $259,900 $166 39

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
-22.2%
Equity multiple
0.24×
Total profit
$-59,451
Equity at exit
$41,749
10-year hold
IRR
-19.9%
Equity multiple
0.01×
Total profit
$-77,698
Equity at exit
$24,209

Cash invested: $78,400 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
81 active · 37 under contract
Months of supply
9.5 mo (10%/mo absorbed)
Median asking
$269,000 ($151/sqft)
Median days on market
113 d
This list price
64% of active listings are priced below it
ARV vs active asking
+20.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70461

Home prices YoY
-33.0%
Rents YoY
1.7%
Active inventory
690
Price-to-rent
10.0×

Monthly cashflow live

Estimated rent
$2,331 high interval (Pro) →
Mortgage (P&I)
$1,468
Tax from tax record
$370 /mo · $4,444/yr
Insurance
$117
HOA
$62
Vacancy / Maint / Mgmt
$490
Net cashflow
$-176

Break-even live

Break-even rent $2,554
Max offer price $248,932
Occupancy floor

Sensitivity live

Price -10% $-17 -5% $-97 +0% $-176 +5% $-255 +10% $-334
Rent -10% $-360 -5% $-268 +0% $-176 +5% $-84 +10% $8
Rate -1.0pp $-35 -0.5pp $-105 base $-176 +0.5pp $-248 +1.0pp $-322

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
$70,000
Closing costs
$8,400
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 28 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5579 Grand Springs Rd Slidell, LA 4.0 2.0 1867 $2,200 $1.18 93d 1 0.04mi
7535 1st Lake Dr Slidell, LA 3.0 2.0 1564 $2,195 $1.40 66d 1 0.14mi
7535 1st Lake Dr Slidell, LA 3.0 2.0 1564 $2,195 $1.40 34d 1 0.14mi
5180 Clarkston Grove Dr Slidell, LA 4.0 2.0 2079 $2,250 $1.08 41d 1 0.14mi
5169 Clarkston Grove Dr Slidell, LA 4.0 3.0 2107 $2,250 $1.07 66d 1 0.14mi
3635 Trestle Crossing Ave Slidell, LA 4.0 3.0 2208 $2,600 $1.18 93d 1 0.21mi
541 New Basin Rd Slidell, LA 3.0 2.0 1447 $2,250 $1.55 41d 1 0.26mi
7472 1st Lake Dr Slidell, LA 3.0 2.0 1298 $2,000 $1.54 21d 1 0.29mi
713 Lakeshore Vlg E Slidell, LA 3.0 2.0 1563 $2,100 $1.34 93d 1 0.32mi
3890 Hummell Crest Rd Slidell, LA 4.0 2.0 2340 $2,450 $1.05 34d 1 0.37mi
5916 Honey Glade Rd Slidell, LA 4.0 2.0 2290 $2,600 $1.14 66d 1 0.40mi
109 Oak Landing Ln Slidell, LA 4.0 2.0 1884 $2,350 $1.25 66d 1 0.44mi
479 Lakeshore Vlg E Slidell, LA 4.0 2.0 1893 $2,400 $1.27 72d 1 0.44mi
289 Grand Isle Ct Slidell, LA 4.0 2.0 1980 $2,300 $1.16 72d 1 0.46mi
289 Grand Isle Ct Slidell, LA 4.0 2.0 1980 $2,300 $1.16 93d 1 0.46mi
948 Channel Bend Ct Slidell, LA 5.0 2.5 2360 $2,500 $1.06 34d 1 0.55mi
408 Lakeshore Vlg E Slidell, LA 3.0 2.0 1785 $2,395 $1.34 46d 1 0.60mi
200 Long St Slidell, LA 2.0–4.0 2.0 1112 $1,539 $1.38 11d 1 0.69mi
5225 Summer Pecan Rd Slidell, LA 4.0 2.0 2079 $2,300 $1.11 72d 1 0.72mi
5548 Delta Horizon Dr Slidell, LA 4.0 3.0 2087 $2,590 $1.24 17d 1 0.74mi
3604 Spruce Key Ln Slidell, LA 3.0–4.0 2.0 1586 $2,610 $1.65 11d 13 0.75mi
3604 Spruce Key Ln Slidell, LA 3.0–4.0 2.0 1539 $2,610 $1.70 93d 1 0.75mi
220 E Lake Dr Slidell, LA 5.0 2.5 2350 $2,700 $1.15 34d 1 0.76mi
3616 Spruce Key Ln Slidell, LA 3.0 2.0 1635 $2,395 $1.46 16d 1 0.79mi
5265 Summer Pecan Rd Slidell, LA 4.0 2.0 1647 $2,200 $1.34 17d 1 0.81mi
301 Lakeshore Blvd N Slidell, LA 1.0–4.0 1.0–2.0 1134 $1,550 $1.37 11d 1 1.13mi
206 Nicklaus Dr Slidell, LA 3.0 2.0 2210 $2,500 $1.13 32d 1 1.20mi
25 Oak Tree Dr Slidell, LA 4.0 2.5 2530 $2,900 $1.15 34d 1 1.38mi

Property features AI

Finance

HOA & community
Homeowners association (Lakeshore)Annual HOA fee of $745Community clubhouseCommunity pool and water access

Exterior

Parking
Garage with garage door opener
Security
Closed-circuit camerasSmoke detectors
Utilities
Public waterPublic sewer
Home design
Single-story home
Construction
Brick and vinyl siding exteriorShingle roofSlab foundationProperty in excellent condition
Exterior features
Covered patio/porchCity lotRectangular lotWater access to a lakeCommunity in-ground poolCommunity spa

Interior

Kitchen
DishwasherMicrowaveOvenRangeRefrigeratorENERGY STAR qualified appliances
Bathrooms
2 full bathrooms
Heating & cooling
Central heatingCentral air conditioning
Interior features
Ceiling fansCarbon monoxide detectorGranite countersStainless steel appliancesSmart home features

HOA detail $62/mo · $744/yr

Likely covers
waterlandscapingpoolgym

Listing history 50 events

  1. 2026-08-08
    days on market $279,999 Active 87 DOM
  2. 2026-08-07
    days on market $279,999 Active 86 DOM
  3. 2026-08-06
    days on market $279,999 Active 85 DOM
  4. 2026-08-05
    days on market $279,999 Active 84 DOM
  5. 2026-08-04
    days on market $279,999 Active 83 DOM
  6. 2026-08-03
    days on market $279,999 Active 82 DOM
  7. 2026-07-31
    days on market $279,999 Active 79 DOM
  8. 2026-07-30
    days on market $279,999 Active 78 DOM
  9. 2026-07-30
    days on market $279,999 Active 77 DOM
  10. 2026-07-28
    days on market $279,999 Active 76 DOM
  11. 2026-07-26
    days on market $279,999 Active 74 DOM
  12. 2026-07-24
    days on market $279,999 Active 72 DOM
  13. 2026-07-23
    days on market $279,999 Active 71 DOM
  14. 2026-07-22
    days on market $279,999 Active 70 DOM
  15. 2026-07-21
    days on market $279,999 Active 69 DOM
  16. 2026-07-20
    days on market $279,999 Active 68 DOM
  17. 2026-07-18
    days on market $279,999 Active 66 DOM
  18. 2026-07-18
    days on market $279,999 Active 65 DOM
  19. 2026-07-16
    days on market $279,999 Active 64 DOM
  20. 2026-07-15
    days on market $279,999 Active 63 DOM
  21. 2026-07-14
    days on market $279,999 Active 62 DOM
  22. 2026-07-13
    days on market $279,999 Active 61 DOM
  23. 2026-07-13
    days on market $279,999 Active 60 DOM
  24. 2026-07-11
    days on market $279,999 Active 59 DOM
  25. 2026-07-10
    days on market $279,999 Active 58 DOM
  26. 2026-07-09
    days on market $279,999 Active 57 DOM
  27. 2026-07-07
    days on market $279,999 Active 55 DOM
  28. 2026-07-06
    days on market $279,999 Active 54 DOM
  29. 2026-07-05
    days on market $279,999 Active 53 DOM
  30. 2026-07-03
    days on market $279,999 Active 51 DOM
  31. 2026-07-02
    days on market $279,999 Active 50 DOM
  32. 2026-07-01
    days on market $279,999 Active 49 DOM
  33. 2026-06-30
    days on market $279,999 Active 48 DOM
  34. 2026-06-29
    days on market $279,999 Active 47 DOM
  35. 2026-06-28
    days on market $279,999 Active 46 DOM
  36. 2026-06-27
    days on market $279,999 Active 45 DOM
  37. 2026-06-27
    days on market $279,999 Active 44 DOM
  38. 2026-06-25
    days on market $279,999 Active 42 DOM
  39. 2026-06-22
    days on market $279,999 Active 40 DOM
  40. 2026-06-21
    days on market $279,999 Active 39 DOM
  41. 2026-06-18
    days on market $279,999 Active 36 DOM
  42. 2026-06-17
    days on market $279,999 Active 35 DOM
  43. 2026-06-16
    days on market $279,999 Active 34 DOM
  44. 2026-06-15
    days on market $279,999 Active 33 DOM
  45. 2026-06-13
    days on market $279,999 Active 31 DOM
  46. 2026-06-10
    days on market $279,999 Active 28 DOM
  47. 2026-06-09
    days on market $279,999 Active 27 DOM
  48. 2026-06-08
    days on market $279,999 Active 26 DOM
  49. 2026-06-07
    days on market $279,999 Active 25 DOM
  50. 2026-06-03
    days on market $279,999 Active 21 DOM

ⓘ 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
$4,444 · $370/mo
Projected year-2 tax
$4,444 · $370/mo
Expected delta
$0/yr ($0/mo · 0.0%)

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$27,972
− Mortgage interest
−$15,684
− Property taxes
−$4,444
− Insurance
−$1,400
− Repairs & maintenance
−$2,238
− Management
−$2,238
− HOA
−$744
− Depreciation
−$8,145
Taxable loss
−$6,921
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,661
After-tax cash flow
$-449/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.

Condition & rehab AI · 0 photos

Good 75/100 Cosmetic rehab Est. rehab $9,180–$27,540 screening

This single-story home is already upgraded and move-in ready, featuring a well-designed layout with a spacious kitchen and custom accent walls. Minor touch-ups and landscaping improvements would further enhance its value.

Value-add opportunities

  • Both Painting and touch-up of custom accent walls — Enhances curb appeal and interior aesthetics.
  • Both Landscaping and curb appeal improvements — Enhances curb appeal and first impression for potential buyers/tenants.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 26/100

Zoned Schools

Elementary Abney Elementary Early Childhood Center Middle St. Tammany Junior High School F LA #114/218 Nat'l #8,861/14,009 High Salmen High School F LA #179/265 Nat'l #13,947/17,239

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
B Composite livability gradescore 70/100

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 · 286,725 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
25% of renters

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%
Hispanic origin (detail)
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

Price history

-5.7% since first listed
7 events — show timeline
  • 2026-05-13 Listed $279,999 GSREIN
  • 2026-05-13 Listed $279,999 AcadianaMLS
  • 2026-02-13 Listed $279,999 AcadianaMLS
  • 2023-03-03 Sold (MLS) GBRMLS
  • 2022-09-06 Pending GBRMLS
  • 2022-08-09 Listed $296,900 AcadianaMLS
  • 2022-08-09 Listed $296,900 GBRMLS

Property tax history

+5.1%/yr

Latest (2025): $4,444 · -2.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…