Eastwood Plan · Slidell, LA 70461

$271,900

4 bd · 2.0 ba · 1,658 sqft · SingleFamily · 290 Days on market

Excellent condition ↓ 2% since listing

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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 +12.9/30.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Schools +4.3/10.0
• DSCR +3.9/10.0
• 1% rule +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing the Eastwood floorplan, a single-story home located in Bonterra, a new home community in Slidell, Louisiana. This thoughtfully designed 4-bedroom, 2-bathroom home offers 1,658 square feet of modern living space, with three beautiful exterior options to choose from. Step inside to discover an open-concept layout that seamlessly blends comfort and functionality. The kitchen is a chef's dream, featuring shaker-style cabinets, sleek gooseneck pulldown faucets, stainless-steel appliances, and durable 3 cm granite countertops. A large corner pantry and a separate laundry room provide added convenience and storage. The Eastwood offers plenty of room for relaxation and entertainment. The living room flows effortlessly into the dining room, creating the perfect space for family gatherings. All D. R. Horton homes comes fully equipped as a smart home. Each of the four bedrooms is equipped with cozy carpeting and generous closet space, ensuring comfort and storage for all. The private primary bedroom is located at the rear of the home and includes an en suite bathroom with a dual vanity, a walk-in closet, bath tub and separate shower, a separate linen closet, and a water closet for added privacy. Experience the convenience and charm of the Eastwood floorplan. Contact us today to schedule a tour and learn more about making this beautiful home yours!

Key facts

• New home community
• Single story home
• Open concept layout

Tags

• EASTWOOD FLOORPLAN
• SINGLE STORY HOME
• NEW HOME COMMUNITY
• OPEN CONCEPT LAYOUT
• SHAKER STYLE CABINETS
• GOOSENECK PULLDOWN FAUCETS

🏗️ New construction. The $271,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $268,082.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $272k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-20 ($-235/yr) — negative.
• To cash-flow at today's rent, offer at most $265k (2.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $232k (14.7% below list).
• Recommended offer: $232k (14.7% 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: Cypress Cove Elementary School (657 students, 53% FRL); Little Oak Middle School (math 50% / reading 58%, grade B-, #19 of 218 statewide, top 9%, 929 students, 41% FRL); Northshore High School (math 53% / reading 61%, grade C, #25 of 265 statewide, top 9%, 1,681 students, 32% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents rising (+1.7%/yr); 603 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 290 days — a 12% lower offer ($239k) is reasonable based on typical stale-listing flexibility.

Recommended offer $232,037 (14.7% 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 290 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
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: 0.87% ✗
• Cap rate: 6.21%
• Cash-on-cash: -0.31%
• DSCR: 0.99
• GRM: 9.6

CMA / ARV

• ARV (median comp): $268,082
• List price: $271,900
• Delta: 1.42%
• 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
40665 Cara Mae Dr	0.01mi	4/2.0	1,555 (-6%)	1mo	$27,490	$18	89
40669 Cara Mae St	0.00mi	3/2.0 (-1)	1,549 (-7%)	1mo	$263,900	$170	83
60404 Culper Dr	0.02mi	4/2.0	1,798 (+8%)	3mo	$279,900	$156	83
40673 Cara Mae St	0.00mi	4/2.0	1,819 (+10%)	2mo	$279,900	$154	82
40698 Cara Mae Dr	0.15mi	4/2.0	1,555 (-6%)	0mo	$282,900	$182	82
40674 Cara Mae Dr	0.15mi	4/2.0	1,555 (-6%)	2mo	$277,900	$179	81
40644 Cara Mae Dr	0.15mi	4/2.0	1,555 (-6%)	3mo	$269,900	$174	80
60458 Culper Dr	0.12mi	4/2.0	1,819 (+10%)	2mo	$279,900	$154	77
40636 Cara Mae St	0.15mi	4/2.0	1,825 (+10%)	2mo	$293,990	$161	75
40629 Cara Mae St	0.15mi	4/2.0	1,819 (+10%)	3mo	$280,900	$154	74
700 S Lake Caddo Ct	0.33mi	4/2.0	1,883 (+14%)	3mo	$237,000	$126	59
604 Lake Superior Dr	0.65mi	3/2.0 (-1)	1,776 (+7%)	2mo	$130,000	$73	51

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: -18.2%
• Equity multiple: 0.37×
• Total profit: $-47,603
• Equity at exit: $39,972

10-year hold

• IRR: -13.2%
• Equity multiple: 0.27×
• Total profit: $-54,714
• Equity at exit: $23,179

Cash invested: $75,063 (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 70461

• Home prices YoY: -33.0%
• Rents YoY: 1.7%
• Active inventory: 603
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,320 high
• Mortgage (P&I): −$1,406
• Tax est. 1.5%: −$335 /mo · $4,021/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$487
• Net cashflow: $-20

Break-even live

Break-even rent $2,345

Max offer price $265,251

Occupancy floor 96%

Sensitivity live

Price	-10% $166	-5% $73	+0% $-20	+5% $-112	+10% $-205
Rent	-10% $-203	-5% $-111	+0% $-20	+5% $72	+10% $164
Rate	-1.0pp $115	-0.5pp $49	base $-20	+0.5pp $-89	+1.0pp $-160

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: $67,020
• Closing costs: $8,042
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
812 N Lake Verret Ct Slidell, LA	3.0	2.0	1862	$2,500	$1.34	26d	1	0.13mi
814 Lake Borgne Ct Slidell, LA	3.0	2.0	1560	$1,900	$1.22	24d	1	0.34mi
4145 Saint Peter St Slidell, LA	3.0	2.0	1422	$2,000	$1.41	46d	1	0.79mi
221 Lake Tahoe Dr Slidell, LA	3.0	2.0	1671	$1,850	$1.11	46d	1	0.82mi
40065 Cane St Slidell, LA	3.0	2.0	1345	$2,150	$1.60	5d	1	1.07mi
40065 Cane St Slidell, LA	3.0	2.0	1345	$2,200	$1.64	46d	1	1.07mi
507 Cross Gates Blvd Slidell, LA	3.0	2.0	2045	$2,150	$1.05	26d	1	1.09mi
59518 Autumn Dr Slidell, LA	3.0	2.0	1374	$2,200	$1.60	14d	1	1.13mi
59518 Autumn Dr Slidell, LA	3.0	2.0	1374	$2,200	$1.60	5d	1	1.13mi
361 Autumn Lakes Rd Slidell, LA	4.0	2.5	2250	$3,000	$1.33	14d	1	1.43mi
361 Autumn Lakes Rd Slidell, LA	4.0	2.5	2250	$3,500	$1.56	46d	1	1.43mi
433 Grafton Dr Slidell, LA	3.0	2.0	1625	$1,900	$1.17	46d	1	1.45mi

Listing history 18 events

1. 2026-06-22
   days on market $271,900 Active 290 DOM
2. 2026-06-21
   days on market $271,900 Active 289 DOM
3. 2026-06-18
   days on market $271,900 Active 286 DOM
4. 2026-06-17
   days on market $271,900 Active 285 DOM
5. 2026-06-16
   days on market $271,900 Active 284 DOM
6. 2026-06-15
   days on market $271,900 Active 283 DOM
7. 2026-06-13
   days on market $271,900 Active 281 DOM
8. 2026-06-10
   days on market $271,900 Active 278 DOM
9. 2026-06-09
   days on market $271,900 Active 277 DOM
10. 2026-06-08
    days on market $271,900 Active 276 DOM
11. 2026-06-07
    days on market $271,900 Active 275 DOM
12. 2026-06-03
    days on market $271,900 Active 271 DOM
13. 2026-06-02
    days on market $271,900 Active 270 DOM
14. 2026-06-01
    days on market $271,900 Active 269 DOM
15. 2026-05-31
    days on market $271,900 Active 268 DOM
16. 2026-03-31
    price $271,900 1370-char remark

    Show marketing remark (1370 chars)

    Introducing the Eastwood floorplan, a single-story home located in Bonterra, a new home community in Slidell, Louisiana. This thoughtfully designed 4-bedroom, 2-bathroom home offers 1,658 square feet of modern living space, with three beautiful exterior options to choose from. Step inside to discover an open-concept layout that seamlessly blends comfort and functionality. The kitchen is a chef's dream, featuring shaker-style cabinets, sleek gooseneck pulldown faucets, stainless-steel appliances, and durable 3 cm granite countertops. A large corner pantry and a separate laundry room provide added convenience and storage. The Eastwood offers plenty of room for relaxation and entertainment. The living room flows effortlessly into the dining room, creating the perfect space for family gatherings. All D. R. Horton homes comes fully equipped as a smart home. Each of the four bedrooms is equipped with cozy carpeting and generous closet space, ensuring comfort and storage for all. The private primary bedroom is located at the rear of the home and includes an en suite bathroom with a dual vanity, a walk-in closet, bath tub and separate shower, a separate linen closet, and a water closet for added privacy. Experience the convenience and charm of the Eastwood floorplan. Contact us today to schedule a tour and learn more about making this beautiful home yours!

17. 2025-09-13
    price $269,900 1370-char remark

    Show marketing remark (1370 chars)

    Introducing the Eastwood floorplan, a single-story home located in Bonterra, a new home community in Slidell, Louisiana. This thoughtfully designed 4-bedroom, 2-bathroom home offers 1,658 square feet of modern living space, with three beautiful exterior options to choose from. Step inside to discover an open-concept layout that seamlessly blends comfort and functionality. The kitchen is a chef's dream, featuring shaker-style cabinets, sleek gooseneck pulldown faucets, stainless-steel appliances, and durable 3 cm granite countertops. A large corner pantry and a separate laundry room provide added convenience and storage. The Eastwood offers plenty of room for relaxation and entertainment. The living room flows effortlessly into the dining room, creating the perfect space for family gatherings. All D. R. Horton homes comes fully equipped as a smart home. Each of the four bedrooms is equipped with cozy carpeting and generous closet space, ensuring comfort and storage for all. The private primary bedroom is located at the rear of the home and includes an en suite bathroom with a dual vanity, a walk-in closet, bath tub and separate shower, a separate linen closet, and a water closet for added privacy. Experience the convenience and charm of the Eastwood floorplan. Contact us today to schedule a tour and learn more about making this beautiful home yours!

18. 2025-09-05
    listed $277,900 Active 1370-char remark

    Show marketing remark (1370 chars)

    Introducing the Eastwood floorplan, a single-story home located in Bonterra, a new home community in Slidell, Louisiana. This thoughtfully designed 4-bedroom, 2-bathroom home offers 1,658 square feet of modern living space, with three beautiful exterior options to choose from. Step inside to discover an open-concept layout that seamlessly blends comfort and functionality. The kitchen is a chef's dream, featuring shaker-style cabinets, sleek gooseneck pulldown faucets, stainless-steel appliances, and durable 3 cm granite countertops. A large corner pantry and a separate laundry room provide added convenience and storage. The Eastwood offers plenty of room for relaxation and entertainment. The living room flows effortlessly into the dining room, creating the perfect space for family gatherings. All D. R. Horton homes comes fully equipped as a smart home. Each of the four bedrooms is equipped with cozy carpeting and generous closet space, ensuring comfort and storage for all. The private primary bedroom is located at the rear of the home and includes an en suite bathroom with a dual vanity, a walk-in closet, bath tub and separate shower, a separate linen closet, and a water closet for added privacy. Experience the convenience and charm of the Eastwood floorplan. Contact us today to schedule a tour and learn more about making this beautiful home yours!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $27,844
• − Mortgage interest: −$15,017
• − Property taxes: −$4,021
• − Insurance: −$1,340
• − Repairs & maintenance: −$2,228
• − Management: −$2,228
• − Depreciation: −$7,799
• Taxable loss: −$4,788
• Est. tax savings @ 24.0%: +$1,149
• After-tax cash flow: $914/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 · 6 photos

Excellent 95/100 None rehab

This single-story home in Slidell, Louisiana, is in excellent condition with a modern design and well-maintained exterior. It offers a good return on investment with minimal needed improvements.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value for both resale and rental.
• Both Painting exterior and interior — Fresh paint can make the home look newer and more appealing to potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value for both resale and rental. ↑
• Both Painting exterior and interior — Fresh paint can make the home look newer and more appealing to potential buyers or renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 34,808
• Household income: $89,003
• Rent vs Own: 23.1% rent · 76.9% own
• Severe rent burden: 328.0

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 0.63)
• Race & ethnicity: White 55% Black 24% Two or more races 14% Hispanic / Latino 11% Asian 3%
• 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: —

Market trends

• HPI YoY: ▼ -74.47%
• Current HPI: 151.3353
• Rent YoY: ▲ 1.72%
• 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

-2.2% since first listed

3 events — show timeline

• 2026-03-31 Price Changed $271,900 Zillow
• 2025-09-13 Price Changed $269,900 Zillow
• 2025-09-05 Listed $277,900 Zillow