3635 Meadowdale Dr · Slidell, LA 70458

$140,000

3 bd · 1.0 ba · 1,274 sqft · SingleFamily public records · 28 Days on market

Built 1973 7,405 sqft lot $110/sqft · 20% below area Est $174k · 19% 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 +27.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +7.2/10.0
• 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

Welcome to 3635 Meadowdale St, a delightful 3 bedroom, 1 bathroom house located in the charming city of Slidell, Louisiana. This cozy residence is for those seeking a comfortable and inviting home in a peaceful neighborhood. As you step inside, you'll be greeted by a warm and inviting living room. Natural light pours in through the windows, creating a cheerful and bright ambiance. The open layout seamlessly connects the living room to the dining area, providing a seamless flow for entertaining guests or spending quality time with loved ones. Adjacent to the kitchen is a cozy breakfast nook, where you can savor your morning coffee or enjoy a quick bite before starting your day. Each bedroom offers a peaceful retreat, with natural light. The shared bathroom is tastefully appointed, featuring modern fixtures and a clean aesthetic. Outside, the property boasts a large backyard. It provides ample space for outdoor activities, gardening, or simply enjoying the fresh air. Whether you prefer hosting barbecues, gardening, or creating a tranquil oasis, the backyard offers endless possibilities.

Key facts

• Breakfast nook
• Living room
• Large backyard

Tags

• LIVING ROOM
• DINING AREA
• BREAKFAST NOOK
• SHARED BATHROOM
• LARGE BACKYARD

Property features AI

Finance

• Other: Pets not allowed or subject to restrictions

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; Facing direction not specified
• Construction: Brick construction; Shingle roof; Slab foundation; Built in year not specified
• Exterior features: Covered patio/porch; City lot; Rectangular lot

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: 6 total rooms; Very good condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $427 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.0% 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; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 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.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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.
• Current owner paid $100k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $137,900 (1.5% below list)

Questions for the listing agent

1. Built in 1973 — 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: 1.22% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.09%
• DSCR: 1.58
• GRM: 6.9

CMA / ARV

• ARV (median comp): $173,739
• List price: $140,000
• Delta: -19.42%
• 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
3637 Riviera Dr	0.22mi	3/2.0	1,200 (-6%)	2mo	$138,000	$115	74
136 Palm Springs Dr	0.36mi	3/1.5	1,348 (+6%)	5mo	$170,000	$126	67
328 Hickory Dr	0.52mi	3/1.0	1,350 (+6%)	4mo	$137,000	$101	62
156 Greencrest Dr	0.53mi	3/2.0	1,350 (+6%)	0mo	$130,000	$96	61
3232 William Tell St	0.34mi	4/2.0 (+1)	1,327 (+4%)	10mo	$175,000	$132	60
176 Southpark Dr	0.17mi	3/2.0	1,442 (+13%)	8mo	$170,000	$118	60
3858 Eton St	0.63mi	3/2.0	1,367 (+7%)	1mo	$188,000	$138	54
116 Palm Springs Dr	0.36mi	4/2.0 (+1)	1,380 (+8%)	8mo	$70,000	$51	54
241 Jacob Dr	0.60mi	2/2.0 (-1)	1,208 (-5%)	2mo	$89,000	$74	52
3039 College St	0.52mi	3/2.0	1,406 (+10%)	10mo	$190,000	$135	46
3109 Bayou View Pl	0.50mi	3/2.0	1,450 (+14%)	7mo	$240,000	$166	44
409 Markham Dr	0.68mi	2/2.0 (-1)	1,388 (+9%)	9mo	$140,000	$101	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 · 1.47% rent growth · sell at horizon

5-year hold

• IRR: 1.3%
• Equity multiple: 1.05×
• Total profit: $1,954
• Equity at exit: $20,874

10-year hold

• IRR: 9.4%
• Equity multiple: 1.68×
• Total profit: $26,468
• Equity at exit: $12,105

Cash invested: $39,200 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,703 high
• Mortgage (P&I): −$734
• Tax from tax record: −$125 /mo · $1,500/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $427

Break-even live

Break-even rent $1,161

Max offer price $140,000

Occupancy floor 70%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
172 South St Slidell, LA	4.0	2.0	1486	$1,800	$1.21	21d	1	0.14mi
3152 College St Slidell, LA	3.0	1.0	1373	$1,750	$1.27	43d	1	0.44mi
3839 Oxford St Slidell, LA	3.0	2.0	1660	$1,700	$1.02	43d	1	0.65mi
3046 Slidell Ave Slidell, LA	4.0	1.0	1253	$1,850	$1.48	3d	1	0.83mi
2864 Slidell Ave Slidell, LA	3.0	1.0	963	$1,395	$1.45	3d	1	0.86mi
301 Spartan Dr Slidell, LA	1.0–2.0	1.0–2.0	880	$1,502	$1.71	3d	8	0.88mi
3304 Bridge Dr Slidell, LA	3.0	2.0	1250	$1,700	$1.36	43d	1	0.94mi
102 Spartan Trace Blvd Slidell, LA	3.0	2.0	1516	$2,000	$1.32	23d	1	1.01mi
901 Old Spanish Trl Slidell, LA	2.0	1.5	1070	$1,120	$1.05	11d	1	1.06mi
3159 Dee St Slidell, LA	3.0	1.0	898	$1,400	$1.56	43d	1	1.09mi
519 Spartan Dr #9101 Slidell, LA	2.0	2.0	1304	$1,400	$1.07	23d	1	1.22mi
96 Chamale Cv Slidell, LA	3.0	2.5	1432	$1,500	$1.05	43d	1	1.31mi
96 Chamale Cv Slidell, LA	2.0	2.5	1432	$1,500	$1.05	23d	1	1.31mi
48 Chamale Cv E Slidell, LA	2.0	2.0	1432	$1,650	$1.15	43d	1	1.37mi

Listing history 14 events

1. 2026-06-10
   status $140,000 Pending 28 DOM
2. 2026-06-09
   days on market $140,000 Active Under Contract 28 DOM
3. 2026-06-08
   days on market $140,000 Active Under Contract 27 DOM
4. 2026-06-07
   days on market $140,000 Active Under Contract 26 DOM
5. 2026-06-03
   days on market $140,000 Active Under Contract 22 DOM
6. 2026-06-02
   statusdays on market $140,000 Active Under Contract 21 DOM
7. 2026-06-01
   days on market $140,000 Active 20 DOM

   Show marketing remark (1101 chars)

   Welcome to 3635 Meadowdale St, a delightful 3 bedroom, 1 bathroom house located in the charming city of Slidell, Louisiana. This cozy residence is for those seeking a comfortable and inviting home in a peaceful neighborhood. As you step inside, you'll be greeted by a warm and inviting living room. Natural light pours in through the windows, creating a cheerful and bright ambiance. The open layout seamlessly connects the living room to the dining area, providing a seamless flow for entertaining guests or spending quality time with loved ones. Adjacent to the kitchen is a cozy breakfast nook, where you can savor your morning coffee or enjoy a quick bite before starting your day. Each bedroom offers a peaceful retreat, with natural light. The shared bathroom is tastefully appointed, featuring modern fixtures and a clean aesthetic. Outside, the property boasts a large backyard. It provides ample space for outdoor activities, gardening, or simply enjoying the fresh air. Whether you prefer hosting barbecues, gardening, or creating a tranquil oasis, the backyard offers endless possibilities.

8. 2026-05-31
   days on market $140,000 Active 19 DOM
9. 2026-05-18
   status Pending 1101-char remark

   Show marketing remark (1101 chars)

   Welcome to 3635 Meadowdale St, a delightful 3 bedroom, 1 bathroom house located in the charming city of Slidell, Louisiana. This cozy residence is for those seeking a comfortable and inviting home in a peaceful neighborhood. As you step inside, you'll be greeted by a warm and inviting living room. Natural light pours in through the windows, creating a cheerful and bright ambiance. The open layout seamlessly connects the living room to the dining area, providing a seamless flow for entertaining guests or spending quality time with loved ones. Adjacent to the kitchen is a cozy breakfast nook, where you can savor your morning coffee or enjoy a quick bite before starting your day. Each bedroom offers a peaceful retreat, with natural light. The shared bathroom is tastefully appointed, featuring modern fixtures and a clean aesthetic. Outside, the property boasts a large backyard. It provides ample space for outdoor activities, gardening, or simply enjoying the fresh air. Whether you prefer hosting barbecues, gardening, or creating a tranquil oasis, the backyard offers endless possibilities.

10. 2026-05-18
    historical Active Under Contract 1101-char remark

    Show marketing remark (1101 chars)

    Welcome to 3635 Meadowdale St, a delightful 3 bedroom, 1 bathroom house located in the charming city of Slidell, Louisiana. This cozy residence is for those seeking a comfortable and inviting home in a peaceful neighborhood. As you step inside, you'll be greeted by a warm and inviting living room. Natural light pours in through the windows, creating a cheerful and bright ambiance. The open layout seamlessly connects the living room to the dining area, providing a seamless flow for entertaining guests or spending quality time with loved ones. Adjacent to the kitchen is a cozy breakfast nook, where you can savor your morning coffee or enjoy a quick bite before starting your day. Each bedroom offers a peaceful retreat, with natural light. The shared bathroom is tastefully appointed, featuring modern fixtures and a clean aesthetic. Outside, the property boasts a large backyard. It provides ample space for outdoor activities, gardening, or simply enjoying the fresh air. Whether you prefer hosting barbecues, gardening, or creating a tranquil oasis, the backyard offers endless possibilities.

11. 2026-05-11
    listed $140,000 Active 1101-char remark

    Show marketing remark (1101 chars)

    Welcome to 3635 Meadowdale St, a delightful 3 bedroom, 1 bathroom house located in the charming city of Slidell, Louisiana. This cozy residence is for those seeking a comfortable and inviting home in a peaceful neighborhood. As you step inside, you'll be greeted by a warm and inviting living room. Natural light pours in through the windows, creating a cheerful and bright ambiance. The open layout seamlessly connects the living room to the dining area, providing a seamless flow for entertaining guests or spending quality time with loved ones. Adjacent to the kitchen is a cozy breakfast nook, where you can savor your morning coffee or enjoy a quick bite before starting your day. Each bedroom offers a peaceful retreat, with natural light. The shared bathroom is tastefully appointed, featuring modern fixtures and a clean aesthetic. Outside, the property boasts a large backyard. It provides ample space for outdoor activities, gardening, or simply enjoying the fresh air. Whether you prefer hosting barbecues, gardening, or creating a tranquil oasis, the backyard offers endless possibilities.

12. 2026-05-11
    listed $140,000 Active 1101-char remark

    Show marketing remark (1101 chars)

    Welcome to 3635 Meadowdale St, a delightful 3 bedroom, 1 bathroom house located in the charming city of Slidell, Louisiana. This cozy residence is for those seeking a comfortable and inviting home in a peaceful neighborhood. As you step inside, you'll be greeted by a warm and inviting living room. Natural light pours in through the windows, creating a cheerful and bright ambiance. The open layout seamlessly connects the living room to the dining area, providing a seamless flow for entertaining guests or spending quality time with loved ones. Adjacent to the kitchen is a cozy breakfast nook, where you can savor your morning coffee or enjoy a quick bite before starting your day. Each bedroom offers a peaceful retreat, with natural light. The shared bathroom is tastefully appointed, featuring modern fixtures and a clean aesthetic. Outside, the property boasts a large backyard. It provides ample space for outdoor activities, gardening, or simply enjoying the fresh air. Whether you prefer hosting barbecues, gardening, or creating a tranquil oasis, the backyard offers endless possibilities.

13. 2023-07-13
    historical
14. 2006-10-13
    soldstatus $100,000

ⓘ 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: $1,500 · $125/mo
• Projected year-2 tax: $1,500 · $125/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: $20,430
• − Mortgage interest: −$7,842
• − Property taxes: −$1,500
• − Insurance: −$700
• − Repairs & maintenance: −$1,634
• − Management: −$1,634
• − Depreciation: −$4,073
• Taxable income: $3,047
• Est. tax owed @ 24.0%: −$731
• After-tax cash flow: $4,399/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

+40.0% since first listed

11 events — show timeline

• 2026-06-09 Pending — GSREIN
• 2026-06-01 Pending — AcadianaMLS
• 2026-06-01 Contingent — GSREIN
• 2026-05-21 Relisted — AcadianaMLS
• 2026-05-21 Relisted — GSREIN
• 2026-05-18 Pending — AcadianaMLS
• 2026-05-18 Contingent — GSREIN
• 2026-05-11 Listed $140,000 AcadianaMLS
• 2026-05-11 Listed $140,000 GSREIN
• 2023-07-13 Rental Removed — GSREIN
• 2006-10-13 Sold (Public Records) $100,000 Public Records

Property tax history

+0.8%/yr

Latest (2025): $1,500 · -6.2% YoY. Source: county tax records.