124 North Blvd · Slidell, LA 70458

$215,000

4 bd · 2.0 ba · 1,524 sqft · SingleFamily public records · 63 Days on market

Built 1982 $141/sqft · 7% below area Est $240k · 10% under

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Why this score? — see what drove the C- 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 +18.2/30.0
• ARV discount +12.2/15.0
• DSCR +5.7/10.0
• Schools +4.3/10.0
• 1% rule +4.0/10.0
• 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 home! This well-maintained 4-bedroom, 2-bathroom gem offers the perfect blend of comfort, space, and convenience. Nestled just minutes from I-12, commuting and access to shopping, dining, and entertainment have never been easier. Step inside to find a warm and inviting living area anchored by a classic fireplace — the ideal spot to gather on cooler evenings. The thoughtful floor plan provides ample space for everyone, with four generously sized bedrooms offering plenty of room for any lifestyle. Outdoor living is where this property truly shines. The oversized, fully fenced backyard provides privacy and space for entertaining, gardening, or simply enjoying the outdoors. Enjoy your morning coffee or host weekend gatherings under not one, but two covered patios. A storage shed is also included, keeping your tools and outdoor equipment neatly tucked away. Completing this fantastic package is an attached two-car garage, offering easy parking and additional storage space. Homes like this don’t last long — schedule your private showing today!

Key facts

• Classic fireplace
• Two covered patios
• Storage shed

Tags

• CLASSIC FIREPLACE
• TWO COVERED PATIOS
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (9.9% below list).
• Recommended offer: $194k (9.9% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 5.9% in Slidell — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 32% of the median local income ($73k/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 $6k 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 63 days — a 6% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y 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.
• Current owner paid $160k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: 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 $193,664 (9.9% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 7.37%
• Cash-on-cash: 3.85%
• DSCR: 1.17
• GRM: 9.3

CMA / ARV

• ARV (median comp): $239,995
• List price: $215,000
• Delta: -10.41%
• 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
130 North Blvd	0.04mi	4/2.0	1,614 (+6%)	1mo	$239,900	$149	88
210 Anthony Dr	0.16mi	4/2.0	1,448 (-5%)	2mo	$204,000	$141	82
206 Brian Dr	0.23mi	3/2.0 (-1)	1,561 (+2%)	2mo	$170,000	$109	78
507 Driftwood Cir	0.28mi	3/2.0 (-1)	1,540 (+1%)	3mo	$95,000	$62	78
206 Canberra Ct	0.33mi	3/2.0 (-1)	1,500 (-2%)	1mo	$130,000	$87	76
220 Brian Dr	0.35mi	3/2.0 (-1)	1,550 (+2%)	6mo	$189,000	$122	71
106 Matthews Dr	0.40mi	4/2.0	1,626 (+7%)	7mo	$210,000	$129	64
128 Dijon Dr	0.41mi	4/2.0	1,675 (+10%)	1mo	$205,000	$122	64
331 Thames Dr	0.70mi	3/2.0 (-1)	1,594 (+5%)	2mo	$202,000	$127	53
117 Driftwood Cir	0.47mi	3/2.0 (-1)	1,700 (+12%)	8mo	$180,000	$106	47
327 Thames Dr	0.67mi	3/2.0 (-1)	1,632 (+7%)	8mo	$249,900	$153	45
108 Chantilly Ln	0.53mi	3/2.0 (-1)	1,300 (-15%)	2mo	$199,000	$153	45

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: -11.9%
• Equity multiple: 0.58×
• Total profit: $-25,538
• Equity at exit: $32,057

10-year hold

• IRR: -5.0%
• Equity multiple: 0.70×
• Total profit: $-18,337
• Equity at exit: $18,589

Cash invested: $60,200 (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: 9.3×

Monthly cashflow live

• Estimated rent: $1,937 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$120 /mo · $1,437/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $193

Break-even live

Break-even rent $1,692

Max offer price $215,000

Occupancy floor 85%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
542 Driftwood Cir Slidell, LA	4.0	2.0	1960	$2,100	$1.07	3d	1	0.42mi
106 Kempsey Ct Slidell, LA	3.0	2.0	1650	$1,600	$0.97	21d	1	0.44mi
129 Fountain Dr Slidell, LA	4.0	2.0	1879	$1,850	$0.98	14d	1	0.45mi
117 S Queens Dr Slidell, LA	4.0	2.0	1476	$1,800	$1.22	3d	1	0.78mi
221 Martin Ln Slidell, LA	3.0	1.5	1353	$1,800	$1.33	23d	1	0.80mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	3d	1	0.83mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	3d	1	0.83mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	43d	1	0.87mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	23d	1	0.87mi
1030 Rue Corton Slidell, LA	4.0	2.0	1931	$2,150	$1.11	43d	1	1.01mi
100 Firwood Dr Slidell, LA	4.0	2.0	1649	$1,900	$1.15	43d	1	1.19mi
433 Grafton Dr Slidell, LA	3.0	2.0	1625	$1,900	$1.17	43d	1	1.32mi
36409 Jackson Rd Slidell, LA	4.0	2.0	1670	$2,100	$1.26	43d	1	1.37mi
1466 Florida Ave Slidell, LA	3.0	2.0	1456	$2,200	$1.51	43d	1	1.37mi
557 Claiborne Trails Dr Slidell, LA	3.0	2.0	1690	$2,300	$1.36	43d	1	1.37mi
641 Haaswood Ln Slidell, LA	3.0	2.0	1721	$2,400	$1.39	43d	1	1.41mi
101 Dante Cir Slidell, LA	4.0	2.0	1941	$1,950	$1.00	11d	1	1.43mi
513 Michigan Ave Slidell, LA	3.0	2.0	1250	$1,575	$1.26	23d	1	1.44mi
1540 Queens Dr Slidell, LA	4.0	2.0	1900	$2,300	$1.21	17d	1	1.48mi

Listing history 17 events

1. 2026-06-10
   status $215,000 Pending 63 DOM
2. 2026-06-09
   days on market $215,000 Active 63 DOM
3. 2026-06-08
   days on market $215,000 Active 62 DOM
4. 2026-06-07
   days on market $215,000 Active 61 DOM
5. 2026-06-03
   days on market $215,000 Active 57 DOM
6. 2026-06-02
   days on market $215,000 Active 56 DOM
7. 2026-06-01
   days on market $215,000 Active 55 DOM
8. 2026-05-31
   days on market $215,000 Active 54 DOM
9. 2026-04-07
   listed $215,000 Active 1078-char remark

   Show marketing remark (1062 chars)

   Welcome home! This well-maintained 4-bedroom, 2-bathroom gem offers the perfect blend of comfort, space, and convenience. Nestled just minutes from I-12, commuting and access to shopping, dining, and entertainment have never been easier. Step inside to find a warm and inviting living area anchored by a classic fireplace -- the ideal spot to gather on cooler evenings. The thoughtful floor plan provides ample space for everyone, with four generously sized bedrooms offering plenty of room for any lifestyle. Outdoor living is where this property truly shines. The oversized, fully fenced backyard provides privacy and space for entertaining, gardening, or simply enjoying the outdoors. Enjoy your morning coffee or host weekend gatherings under not one, but two covered patios. A storage shed is also included, keeping your tools and outdoor equipment neatly tucked away. Completing this fantastic package is an attached two-car garage, offering easy parking and additional storage space. Homes like this don't last long -- schedule your private showing today!

10. 2026-04-07
    listed $215,000 Active 1062-char remark

    Show marketing remark (1062 chars)

    Welcome home! This well-maintained 4-bedroom, 2-bathroom gem offers the perfect blend of comfort, space, and convenience. Nestled just minutes from I-12, commuting and access to shopping, dining, and entertainment have never been easier. Step inside to find a warm and inviting living area anchored by a classic fireplace -- the ideal spot to gather on cooler evenings. The thoughtful floor plan provides ample space for everyone, with four generously sized bedrooms offering plenty of room for any lifestyle. Outdoor living is where this property truly shines. The oversized, fully fenced backyard provides privacy and space for entertaining, gardening, or simply enjoying the outdoors. Enjoy your morning coffee or host weekend gatherings under not one, but two covered patios. A storage shed is also included, keeping your tools and outdoor equipment neatly tucked away. Completing this fantastic package is an attached two-car garage, offering easy parking and additional storage space. Homes like this don't last long -- schedule your private showing today!

11. 2019-11-27
    soldstatus $160,000
12. 2019-11-25
    soldstatus $160,000 Closed
13. 2019-10-31
    status Pending
14. 2019-10-07
    status Active
15. 2019-09-30
    status Pending
16. 2019-09-16
    listed $162,000 Active
17. 2019-09-16
    listed $162,000

ⓘ 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: $1,437 · $120/mo
• Projected year-2 tax: $1,437 · $120/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 4/10 Moderate 21% 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: $23,240
• − Mortgage interest: −$12,043
• − Property taxes: −$1,437
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,859
• − Management: −$1,859
• − Depreciation: −$6,255
• Taxable loss: −$1,289
• Est. tax savings @ 24.0%: +$309
• After-tax cash flow: $2,627/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

+32.7% since first listed

9 events — show timeline

• 2026-04-07 Listed $215,000 AcadianaMLS
• 2026-04-07 Listed $215,000 GSREIN
• 2019-11-27 Sold (Public Records) $160,000 Public Records
• 2019-11-25 Sold (MLS) $160,000 GSREIN
• 2019-10-31 Pending — GSREIN
• 2019-10-07 Relisted — GSREIN
• 2019-09-30 Pending — GSREIN
• 2019-09-16 Listed $162,000 AcadianaMLS
• 2019-09-16 Listed $162,000 GSREIN

Property tax history

+2.9%/yr

Latest (2025): $1,437 · -7.6% YoY. Source: county tax records.