2216 Jay St · Slidell, LA 70460

$143,500

3 bd · 1.5 ba · 900 sqft · SingleFamily public records · 198 Days on market

Built 1974 $159/sqft · 21% below area Est $204k · 30% 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 +25.5/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +6.4/10.0
• 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

Charming Slidell Home - 3 Bedrooms, 1.5 Baths: This well-maintained 1,100 sq. ft. home offers 3 bedrooms and 1.5 baths on a spacious 100 x 135 lot. Features include off-street parking, a fully fenced yard, and convenient access to schools, shopping, and local amenities. A great opportunity for buyers seeking comfort and value in St. Tammany.

Key facts

• Off-street parking
• Fully fenced yard
• Parking

Tags

• OFF-STREET PARKING
• FULLY FENCED YARD
• CONVENIENT ACCESS TO SCHOOLS
• CONVENIENT ACCESS TO SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $144k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $126k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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; 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 31% 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 $992 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 $40k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 198 days — a 12% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 23y ago; this cycle's ask has dropped $16k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $94k; list at $144k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,280 (12.0% below list)

Questions for the listing agent

1. It's been on market 198 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — 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. 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: 1.14% ✓
• Cap rate: 9.10%
• Cash-on-cash: 10.04%
• DSCR: 1.45
• GRM: 7.3

CMA / ARV

• ARV (median comp): $203,608
• List price: $143,500
• Delta: -29.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2109 Jay St	0.16mi	2/1.5 (-1)	900 (0%)	14mo	$159,000	$177	76
2102 Oriole St	0.20mi	2/1.0 (-1)	950 (+6%)	2mo	$144,000	$152	72
2124 Pelican St	0.16mi	2/1.5 (-1)	950 (+6%)	15mo	$154,500	$163	66
2104 Oriole St	0.20mi	2/1.0 (-1)	848 (-6%)	13mo	$155,000	$183	64
205 Timber Ridge Dr	0.38mi	2/1.0 (-1)	871 (-3%)	11mo	$155,000	$178	61
2107 Jay St	0.17mi	3/2.0	1,008 (+12%)	16mo	$186,000	$185	57
2103 Bluebird St	0.24mi	3/1.0	1,020 (+13%)	13mo	$175,000	$172	54
104 Maple Ridge Dr	0.50mi	2/1.0 (-1)	951 (+6%)	12mo	$147,500	$155	50
2028 Jay St	0.23mi	2/1.0 (-1)	1,000 (+11%)	23mo	$170,000	$170	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 · 5.91% rent growth · sell at horizon

5-year hold

• IRR: 1.9%
• Equity multiple: 1.08×
• Total profit: $3,088
• Equity at exit: $21,396

10-year hold

• IRR: 14.2%
• Equity multiple: 2.29×
• Total profit: $51,761
• Equity at exit: $12,407

Cash invested: $40,180 (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: 7.3×

Monthly cashflow live

• Estimated rent: $1,638 medium
• Mortgage (P&I): −$753
• Tax from tax record: −$146 /mo · $1,746/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $336

Break-even live

Break-even rent $1,212

Max offer price $143,500

Occupancy floor 74%

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: $35,875
• Closing costs: $4,305
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $143,500 Active 198 DOM
2. 2026-06-17
   days on market $143,500 Active 197 DOM
3. 2026-06-16
   days on market $143,500 Active 196 DOM
4. 2026-06-15
   days on market $143,500 Active 195 DOM
5. 2026-06-13
   days on market $143,500 Active 193 DOM
6. 2026-06-10
   days on market $143,500 Active 190 DOM
7. 2026-06-09
   days on market $143,500 Active 189 DOM
8. 2026-06-08
   days on market $143,500 Active 188 DOM
9. 2026-06-07
   days on market $143,500 Active 187 DOM
10. 2026-06-03
    days on market $143,500 Active 183 DOM
11. 2026-06-02
    pricedays on market $143,500 Active 182 DOM
12. 2026-05-31
    days on market $149,500 Active 181 DOM
13. 2026-03-18
    price $149,500 343-char remark

    Show marketing remark (350 chars)

    Charming Slidell Home – 3 Bedrooms, 1.5 Baths: This well-maintained 1,100 sq. ft. home offers 3 bedrooms and 1.5 baths on a spacious 100 x 135 lot. Features include off-street parking, a fully fenced yard, and convenient access to schools, shopping, and local amenities. A great opportunity for buyers seeking comfort and value in St. Tammany.

14. 2026-03-18
    price $149,500 350-char remark

    Show marketing remark (350 chars)

    Charming Slidell Home – 3 Bedrooms, 1.5 Baths: This well-maintained 1,100 sq. ft. home offers 3 bedrooms and 1.5 baths on a spacious 100 x 135 lot. Features include off-street parking, a fully fenced yard, and convenient access to schools, shopping, and local amenities. A great opportunity for buyers seeking comfort and value in St. Tammany.

15. 2025-12-01
    listed $159,000 Active 343-char remark

    Show marketing remark (350 chars)

    Charming Slidell Home – 3 Bedrooms, 1.5 Baths: This well-maintained 1,100 sq. ft. home offers 3 bedrooms and 1.5 baths on a spacious 100 x 135 lot. Features include off-street parking, a fully fenced yard, and convenient access to schools, shopping, and local amenities. A great opportunity for buyers seeking comfort and value in St. Tammany.

16. 2025-12-01
    listed $159,000 Active 350-char remark

    Show marketing remark (350 chars)

    Charming Slidell Home – 3 Bedrooms, 1.5 Baths: This well-maintained 1,100 sq. ft. home offers 3 bedrooms and 1.5 baths on a spacious 100 x 135 lot. Features include off-street parking, a fully fenced yard, and convenient access to schools, shopping, and local amenities. A great opportunity for buyers seeking comfort and value in St. Tammany.

17. 2006-10-06
    soldstatus $93,900
18. 2005-06-20
    soldstatus $93,900
19. 2005-06-17
    soldstatus $93,900
20. 2005-05-12
    listed $97,900
21. 2005-05-12
    listed $97,900
22. 2004-04-22
    soldstatus $87,900
23. 2004-04-16
    soldstatus $87,900
24. 2003-10-08
    listed $89,500
25. 2003-10-08
    listed $89,500

ⓘ 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: $1,746 · $146/mo
• Projected year-2 tax: $1,746 · $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 6/10 Major FEMA zone X · 55% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 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: $19,654
• − Mortgage interest: −$8,038
• − Property taxes: −$1,746
• − Insurance: −$718
• − Repairs & maintenance: −$1,572
• − Management: −$1,572
• − Depreciation: −$4,175
• Taxable income: $1,833
• Est. tax owed @ 24.0%: −$440
• After-tax cash flow: $3,593/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

+67.0% since first listed

13 events — show timeline

• 2026-03-18 Price Changed $149,500 AcadianaMLS
• 2026-03-18 Price Changed $149,500 GSREIN
• 2025-12-01 Listed $159,000 GSREIN
• 2025-12-01 Listed $159,000 AcadianaMLS
• 2006-10-06 Sold (Public Records) $93,900 Public Records
• 2005-06-20 Sold (Public Records) $93,900 Public Records
• 2005-06-17 Sold (MLS) $93,900 GSREIN
• 2005-05-12 Listed $97,900 GSREIN
• 2005-05-12 Listed $97,900 AcadianaMLS
• 2004-04-22 Sold (Public Records) $87,900 Public Records
• 2004-04-16 Sold (MLS) $87,900 GSREIN
• 2003-10-08 Listed $89,500 AcadianaMLS
• 2003-10-08 Listed $89,500 GSREIN

Property tax history

+2.6%/yr

Latest (2025): $1,746 · -3.9% YoY. Source: county tax records.