107 Matthews Dr · Slidell, LA 70458

$230,000

3 bd · 3.5 ba · 1,939 sqft · SingleFamily public records · 71 Days on market

Built 1967 $119/sqft · at area comps Est $230k · at est.

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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).

• Cash flow +14.1/30.0
• ARV discount +7.6/15.0
• DSCR +4.3/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• 1% rule +3.0/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome back to this spacious and well-kept home with a flexible layout and thoughtful updates throughout. The main floor features a large primary bedroom with a full bath, along with three additional bedrooms and another full bath. Upstairs, the finished loft offers extra space with its own half bath, making it a great option for a home office, guest area, or second living space. The kitchen includes updated appliances such as a new refrigerator, microwave, and dishwasher, and opens to the dining area for easy everyday living. The living room features a fireplace and provides a comfortable place to relax. A utility room off the garage adds extra convenience. Situated on a corner lot with vinyl fencing, the property also includes a side-entry garage and an extended driveway with plenty of parking, including space for a boat or RV. The backyard features a covered patio, a fully fenced yard, and a separate fenced area for additional storage or parking. This home offers a great mix of space, comfort, and convenience. Schedule your showing today!

Key facts

• Updated appliances
• Finished loft
• Flexible layout

Tags

• FLEXIBLE LAYOUT
• FINISHED LOFT
• UPDATED APPLIANCES
• VINYL FENCING
• SIDE-ENTRY GARAGE
• EXTENDED DRIVEWAY

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $34 ($408/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 $185k (19.7% below list).
• Recommended offer: $185k (19.7% 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.
• Market conditions: Rents rising (+1.5%/yr); 489 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 30% 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 $2k of loan paydown is wiped out by about $7k 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 71 days — a 6% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 5 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.
• Current owner paid $134k; list at $230k implies a 72% gain — meaningful room to come down on a strong offer.

Recommended offer $184,603 (19.7% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
7. 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.
8. 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.
9. 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: 0.80% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.63%
• DSCR: 1.03
• GRM: 10.4

CMA / ARV

• ARV (median comp): $230,293
• List price: $230,000
• Delta: -0.13%
• 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
110 Fountain Dr	0.17mi	4/2.5 (+1)	1,898 (-2%)	1mo	$185,000	$97	79
132 Melody Ln	0.18mi	4/2.0 (+1)	1,886 (-3%)	1mo	$225,000	$119	75
209 Driftwood Cir	0.51mi	3/2.0	1,822 (-6%)	3mo	$244,900	$134	57
312 Driftwood Cir	0.45mi	4/2.0 (+1)	1,857 (-4%)	8mo	$200,000	$108	54
128 Dijon Dr	0.26mi	4/2.0 (+1)	1,675 (-14%)	1mo	$205,000	$122	53
302 Crescentwood Loop	0.53mi	3/2.0	1,781 (-8%)	5mo	$208,000	$117	52
112 Driftwood Cir	0.63mi	4/2.0 (+1)	1,898 (-2%)	6mo	$245,000	$129	51
1425 Constitution Dr	0.63mi	3/2.0	1,790 (-8%)	2mo	$297,000	$166	50
800 Franklin Ct	0.57mi	4/2.0 (+1)	2,035 (+5%)	7mo	$315,000	$155	48
117 Driftwood Cir	0.62mi	3/2.0	1,700 (-12%)	8mo	$180,000	$106	38
1418 Independence Dr	0.66mi	4/3.0 (+1)	2,200 (+14%)	10mo	$320,000	$145	32
1411 Patriot St	0.75mi	4/2.0 (+1)	2,162 (+12%)	8mo	$225,000	$104	29

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: -16.9%
• Equity multiple: 0.41×
• Total profit: $-37,976
• Equity at exit: $34,294

10-year hold

• IRR: -11.6%
• Equity multiple: 0.35×
• Total profit: $-41,717
• Equity at exit: $19,886

Cash invested: $64,400 (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.

Methodology + full state rankings →

ZIP-level market 70458

• Rents YoY: 1.5%
• Active inventory: 489
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,846 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$122 /mo · $1,468/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $34

Break-even live

Break-even rent $1,803

Max offer price $230,000

Occupancy floor 93%

Sensitivity live

Price	-10% $164	-5% $99	+0% $34	+5% $-31	+10% $-96
Rent	-10% $-112	-5% $-39	+0% $34	+5% $107	+10% $180
Rate	-1.0pp $150	-0.5pp $93	base $34	+0.5pp $-26	+1.0pp $-86

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
129 Fountain Dr Slidell, LA	4.0	2.0	1879	$1,850	$0.98	15d	1	0.10mi
106 Kempsey Ct Slidell, LA	3.0	2.0	1650	$1,600	$0.97	22d	1	0.17mi
221 Martin Ln Slidell, LA	3.0	1.5	1353	$1,800	$1.33	24d	1	0.50mi
1030 Rue Corton Slidell, LA	4.0	2.0	1931	$2,150	$1.11	44d	1	0.66mi
542 Driftwood Cir Slidell, LA	4.0	2.0	1960	$2,100	$1.07	4d	1	0.69mi
1011 Rue Bordeaux Slidell, LA	4.0	2.0	2268	$2,000	$0.88	4d	1	0.74mi
1011 Rue Bordeaux Slidell, LA	4.0	2.0	2268	$2,000	$0.88	4d	1	0.74mi
816 Rue Rochelle Slidell, LA	2.0	1.5	1500	$1,200	$0.80	44d	1	0.76mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	44d	1	0.79mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	24d	1	0.79mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	4d	1	0.83mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	4d	1	0.83mi
1466 Florida Ave Slidell, LA	3.0	2.0	1456	$2,200	$1.51	44d	1	1.02mi
102 N Dabney Dr Slidell, LA	3.0	2.0	2432	$2,800	$1.15	17d	1	1.08mi
117 S Queens Dr Slidell, LA	4.0	2.0	1476	$1,800	$1.22	4d	1	1.09mi
513 Michigan Ave Slidell, LA	3.0	2.0	1250	$1,575	$1.26	24d	1	1.13mi
1540 Queens Dr Slidell, LA	4.0	2.0	1900	$2,300	$1.21	18d	1	1.14mi
433 Grafton Dr Slidell, LA	3.0	2.0	1625	$1,900	$1.17	44d	1	1.15mi
1540 Wildwood Ln Slidell, LA	3.0	2.0	1525	$2,200	$1.44	24d	1	1.22mi
36409 Jackson Rd Slidell, LA	4.0	2.0	1670	$2,100	$1.26	44d	1	1.36mi
100 Firwood Dr Slidell, LA	4.0	2.0	1649	$1,900	$1.15	44d	1	1.41mi

Listing history 27 events

1. 2026-06-21
   days on market $230,000 Active 71 DOM
2. 2026-06-18
   days on market $230,000 Active 68 DOM
3. 2026-06-17
   days on market $230,000 Active 67 DOM
4. 2026-06-16
   days on market $230,000 Active 66 DOM
5. 2026-06-15
   days on market $230,000 Active 65 DOM
6. 2026-06-13
   days on market $230,000 Active 63 DOM
7. 2026-06-10
   days on market $230,000 Active 60 DOM
8. 2026-06-09
   days on market $230,000 Active 59 DOM
9. 2026-06-08
   days on market $230,000 Active 58 DOM
10. 2026-06-07
    days on market $230,000 Active 57 DOM
11. 2026-06-03
    days on market $230,000 Active 53 DOM
12. 2026-06-02
    days on market $230,000 Active 52 DOM
13. 2026-06-01
    days on market $230,000 Active 51 DOM
14. 2026-05-31
    days on market $230,000 Active 50 DOM
15. 2026-05-14
    price $230,000 1058-char remark

    Show marketing remark (1058 chars)

    Welcome back to this spacious and well-kept home with a flexible layout and thoughtful updates throughout. The main floor features a large primary bedroom with a full bath, along with three additional bedrooms and another full bath. Upstairs, the finished loft offers extra space with its own half bath, making it a great option for a home office, guest area, or second living space. The kitchen includes updated appliances such as a new refrigerator, microwave, and dishwasher, and opens to the dining area for easy everyday living. The living room features a fireplace and provides a comfortable place to relax. A utility room off the garage adds extra convenience. Situated on a corner lot with vinyl fencing, the property also includes a side-entry garage and an extended driveway with plenty of parking, including space for a boat or RV. The backyard features a covered patio, a fully fenced yard, and a separate fenced area for additional storage or parking. This home offers a great mix of space, comfort, and convenience. Schedule your showing today!

16. 2026-05-14
    price $230,000 1058-char remark

    Show marketing remark (1058 chars)

    Welcome back to this spacious and well-kept home with a flexible layout and thoughtful updates throughout. The main floor features a large primary bedroom with a full bath, along with three additional bedrooms and another full bath. Upstairs, the finished loft offers extra space with its own half bath, making it a great option for a home office, guest area, or second living space. The kitchen includes updated appliances such as a new refrigerator, microwave, and dishwasher, and opens to the dining area for easy everyday living. The living room features a fireplace and provides a comfortable place to relax. A utility room off the garage adds extra convenience. Situated on a corner lot with vinyl fencing, the property also includes a side-entry garage and an extended driveway with plenty of parking, including space for a boat or RV. The backyard features a covered patio, a fully fenced yard, and a separate fenced area for additional storage or parking. This home offers a great mix of space, comfort, and convenience. Schedule your showing today!

17. 2026-04-23
    price $235,000 1058-char remark

    Show marketing remark (1058 chars)

    Welcome back to this spacious and well-kept home with a flexible layout and thoughtful updates throughout. The main floor features a large primary bedroom with a full bath, along with three additional bedrooms and another full bath. Upstairs, the finished loft offers extra space with its own half bath, making it a great option for a home office, guest area, or second living space. The kitchen includes updated appliances such as a new refrigerator, microwave, and dishwasher, and opens to the dining area for easy everyday living. The living room features a fireplace and provides a comfortable place to relax. A utility room off the garage adds extra convenience. Situated on a corner lot with vinyl fencing, the property also includes a side-entry garage and an extended driveway with plenty of parking, including space for a boat or RV. The backyard features a covered patio, a fully fenced yard, and a separate fenced area for additional storage or parking. This home offers a great mix of space, comfort, and convenience. Schedule your showing today!

18. 2026-04-23
    price $235,000 1058-char remark

    Show marketing remark (1058 chars)

    Welcome back to this spacious and well-kept home with a flexible layout and thoughtful updates throughout. The main floor features a large primary bedroom with a full bath, along with three additional bedrooms and another full bath. Upstairs, the finished loft offers extra space with its own half bath, making it a great option for a home office, guest area, or second living space. The kitchen includes updated appliances such as a new refrigerator, microwave, and dishwasher, and opens to the dining area for easy everyday living. The living room features a fireplace and provides a comfortable place to relax. A utility room off the garage adds extra convenience. Situated on a corner lot with vinyl fencing, the property also includes a side-entry garage and an extended driveway with plenty of parking, including space for a boat or RV. The backyard features a covered patio, a fully fenced yard, and a separate fenced area for additional storage or parking. This home offers a great mix of space, comfort, and convenience. Schedule your showing today!

19. 2026-04-11
    listed $240,000 Active 1058-char remark

    Show marketing remark (1058 chars)

    Welcome back to this spacious and well-kept home with a flexible layout and thoughtful updates throughout. The main floor features a large primary bedroom with a full bath, along with three additional bedrooms and another full bath. Upstairs, the finished loft offers extra space with its own half bath, making it a great option for a home office, guest area, or second living space. The kitchen includes updated appliances such as a new refrigerator, microwave, and dishwasher, and opens to the dining area for easy everyday living. The living room features a fireplace and provides a comfortable place to relax. A utility room off the garage adds extra convenience. Situated on a corner lot with vinyl fencing, the property also includes a side-entry garage and an extended driveway with plenty of parking, including space for a boat or RV. The backyard features a covered patio, a fully fenced yard, and a separate fenced area for additional storage or parking. This home offers a great mix of space, comfort, and convenience. Schedule your showing today!

20. 2026-04-11
    listed $240,000 Active 1058-char remark

    Show marketing remark (1058 chars)

    Welcome back to this spacious and well-kept home with a flexible layout and thoughtful updates throughout. The main floor features a large primary bedroom with a full bath, along with three additional bedrooms and another full bath. Upstairs, the finished loft offers extra space with its own half bath, making it a great option for a home office, guest area, or second living space. The kitchen includes updated appliances such as a new refrigerator, microwave, and dishwasher, and opens to the dining area for easy everyday living. The living room features a fireplace and provides a comfortable place to relax. A utility room off the garage adds extra convenience. Situated on a corner lot with vinyl fencing, the property also includes a side-entry garage and an extended driveway with plenty of parking, including space for a boat or RV. The backyard features a covered patio, a fully fenced yard, and a separate fenced area for additional storage or parking. This home offers a great mix of space, comfort, and convenience. Schedule your showing today!

21. 2024-06-22
    price $240,000
22. 2024-04-18
    price $249,000
23. 2024-02-21
    listed $240,000 Active
24. 2014-05-20
    soldstatus $134,000
25. 2014-05-15
    soldstatus $134,000
26. 2014-03-24
    listed $134,900
27. 2014-03-24
    listed $134,900

ⓘ 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: $1,468 · $122/mo
• Projected year-2 tax: $1,468 · $122/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: $22,152
• − Mortgage interest: −$12,884
• − Property taxes: −$1,468
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,772
• − Management: −$1,772
• − Depreciation: −$6,691
• Taxable loss: −$3,585
• Est. tax savings @ 24.0%: +$860
• After-tax cash flow: $1,269/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

+70.5% since first listed

13 events — show timeline

• 2026-05-14 Price Changed $230,000 AcadianaMLS
• 2026-05-14 Price Changed $230,000 GSREIN
• 2026-04-23 Price Changed $235,000 AcadianaMLS
• 2026-04-23 Price Changed $235,000 GSREIN
• 2026-04-11 Listed $240,000 GSREIN
• 2026-04-11 Listed $240,000 AcadianaMLS
• 2024-06-22 Price Changed $240,000 GSREIN
• 2024-04-18 Price Changed $249,000 GSREIN
• 2024-02-21 Listed $240,000 AcadianaMLS
• 2014-05-20 Sold (Public Records) $134,000 Public Records
• 2014-05-15 Sold (MLS) $134,000 GSREIN
• 2014-03-24 Listed $134,900 AcadianaMLS
• 2014-03-24 Listed $134,900 GSREIN

Property tax history

+0.3%/yr

Latest (2025): $1,468 · -7.6% YoY. Source: county tax records.