2219 Crane St · Slidell, LA 70460

$175,000

3 bd · 2.0 ba · 1,579 sqft · SingleFamily public records · 3 Days on market

Built 1975 7,095 sqft lot Est $227k · 23% 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 +21.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.2/10.0
• 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

Excellent opportunity to add your personal finishing touches to this charming home. Major updates have already been completed, including a new roof (2025), upgraded electrical panel (2026), and plumbing improvements (2026). The septic system was serviced in 2024, and the property includes a transferable 3-year Orkin termite contract for added peace of mind. Additional features include a covered enclosed sun room/ rear patio and detached garage, providing ample space for hobbies, storage, or workshop use. With many of the big-ticket items already addressed, this property offers tremendous potential for an owner-occupant or investor looking to create value.

Key facts

• New roof
• 7,095 sq ft lot
• Garage

Tags

• NEW ROOF
• UPGRADED ELECTRICAL PANEL
• PLUMBING IMPROVEMENTS
• SERVICED SEPTIC SYSTEM
• TRANSFERABLE TERMITE CONTRACT
• COVERED ENCLOSED SUN ROOM

Property features AI

Exterior

• Parking: Detached garage with one space
• Utilities: Public water; Septic tank
• Home design: Single-story home; Frame construction
• Construction: Shingle roof; Slab foundation; Roof replaced 2025; electrical and plumbing upgrades 2026; septic updated 2024
• Exterior features: Covered concrete patio; Shed(s); City lot; Rectangular lot; Lot dimensions approximately 53 x 133

Interior

• Kitchen: Oven; Range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Total of 5 rooms; Average condition

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $246 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Cap rate 8.0% 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 fast (+5.9%/yr); 241 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 34% 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 $1k of loan paydown is wiped out by about $5k 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 $49k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 28y 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 $70k; list at $175k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $175,000

Questions for the listing agent

1. Built in 1975 — 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: 1.02% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.03%
• DSCR: 1.27
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $227,376
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
173 Lark St	0.19mi	3/2.0	1,363 (-14%)	3mo	$186,500	$137	66
2521 Robin St	0.43mi	3/2.0	1,468 (-7%)	3mo	$130,000	$89	66
185 Lark St	0.18mi	4/2.0 (+1)	1,453 (-8%)	12mo	$195,000	$134	64
2515 Pelican St	0.38mi	3/2.0	1,405 (-11%)	3mo	$235,000	$167	62
2216 Pelican St	0.09mi	3/2.0	1,350 (-14%)	13mo	$223,000	$165	61
2207 Oriole St	0.31mi	3/2.0	1,370 (-13%)	5mo	$197,000	$144	59
2517 Pelican St	0.38mi	3/2.0	1,367 (-13%)	1mo	$240,000	$176	59
2402 Mallard St	0.38mi	3/2.0	1,361 (-14%)	3mo	$125,000	$92	57
2004 Pelican St	0.36mi	3/2.0	1,740 (+10%)	14mo	$110,000	$63	55
2523 Robin St	0.43mi	3/2.0	1,385 (-12%)	7mo	$198,500	$143	53
204 Sarah Ln	0.61mi	3/2.0	1,510 (-4%)	14mo	$240,000	$159	53
2111 Mallard St	0.40mi	3/2.5	1,365 (-14%)	16mo	$205,000	$150	43

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: -3.9%
• Equity multiple: 0.85×
• Total profit: $-7,323
• Equity at exit: $26,093

10-year hold

• IRR: 8.8%
• Equity multiple: 1.76×
• Total profit: $37,165
• Equity at exit: $15,131

Cash invested: $49,000 (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: 8.2×

Monthly cashflow live

• Estimated rent: $1,781 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$170 /mo · $2,042/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $246

Break-even live

Break-even rent $1,469

Max offer price $175,000

Occupancy floor 81%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2402 Pelican St Slidell, LA	3.0	2.0	1400	$1,700	$1.21	23d	1	0.16mi
2322 Mallard St Slidell, LA	3.0	2.0	1400	$1,600	$1.14	43d	1	0.33mi
2519 Crane St Slidell, LA	3.0	2.0	1160	$1,600	$1.38	23d	1	0.36mi
34081 Stanley St Slidell, LA	3.0	2.5	1832	$1,950	$1.06	1d	1	1.36mi

Listing history 5 events

1. 2026-06-18
   days on market $175,000 Active 3 DOM
2. 2026-06-17
   remarks 675-char remark
3. 2026-06-17
   days on market $175,000 Active 2 DOM
4. 2026-06-15
   remarks 664-char remark

   Show marketing remark (663 chars)

   Excellent opportunity to add your personal finishing touches to this charming home. Major updates have already been completed, including a new roof (2025), upgraded electrical panel (2026), and plumbing improvements (2026). The septic system was serviced in 2024, and the property includes a transferable 3-year Orkin termite contract for added peace of mind. Additional features include a covered enclosed sun room/ rear patio and detached garage, providing ample space for hobbies, storage, or workshop use. With many of the big-ticket items already addressed, this property offers tremendous potential for an owner-occupant or investor looking to create value.

5. 2026-06-15
   listed $175,000 Active 1 DOM

   Show marketing remark (663 chars)

   Excellent opportunity to add your personal finishing touches to this charming home. Major updates have already been completed, including a new roof (2025), upgraded electrical panel (2026), and plumbing improvements (2026). The septic system was serviced in 2024, and the property includes a transferable 3-year Orkin termite contract for added peace of mind. Additional features include a covered enclosed sun room/ rear patio and detached garage, providing ample space for hobbies, storage, or workshop use. With many of the big-ticket items already addressed, this property offers tremendous potential for an owner-occupant or investor looking to create value.

ⓘ 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: $2,042 · $170/mo
• Projected year-2 tax: $2,042 · $170/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 5/10 Major FEMA zone X · 23% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 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: $21,370
• − Mortgage interest: −$9,803
• − Property taxes: −$2,042
• − Insurance: −$875
• − Repairs & maintenance: −$1,710
• − Management: −$1,710
• − Depreciation: −$5,091
• Taxable income: $140
• Est. tax owed @ 24.0%: −$34
• After-tax cash flow: $2,919/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

+119.6% since first listed

9 events — show timeline

• 2026-06-15 Listed $175,000 AcadianaMLS
• 2026-06-15 Listed $175,000 GSREIN
• 2011-05-24 Listed $150,000 GSREIN
• 2008-08-04 Listed $147,000 GSREIN
• 2008-08-01 Listed $147,000 GSREIN
• 2007-07-02 Listed $146,900 GSREIN
• 2005-05-26 Sold (Public Records) $70,000 Public Records
• 1998-09-30 Sold (MLS) $82,500 GSREIN
• 1998-01-21 Listed $79,700 GSREIN

Property tax history

+1.0%/yr

Latest (2025): $2,042 · -3.9% YoY. Source: county tax records.