1420 Admiral Nelson Dr · Slidell, LA 70461

$120,000

3 bd · 2.0 ba · 1,460 sqft · SingleFamily public records · 200 Days on market

Built 1984 Fair condition 8,276 sqft lot $82/sqft · 47% below area Est $226k · 47% under ↓ 17% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Single Family style home offers 3 bedrooms and 2 bathrooms with approximately 1,460 square feet of living space on a 0.19 acre corner lot. Plenty of storage space!! Come on by and take a look.

Key facts

• 8,276 sq ft lot
• Built 1984
• Listed 199 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $530 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 6.0% 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.
• Zoned schools: W.L. Abney Elementary School (math 31% / reading 38%, grade F, #284 of 646 statewide, top 46%, 1,094 students, 70% FRL); St. Tammany Junior High School (math 19% / reading 41%, grade F, #114 of 218 statewide, top 53%, 793 students, 68% FRL); Salmen High School (math 15% / reading 27%, grade F, #179 of 265 statewide, top 68%, 1,216 students, 62% FRL) — zoned schools average 67% FRL vs 40% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 49% district-wide (-20 pts) — the specific schools serving this property underperform the St. Tammany Parish average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.7%/yr); 690 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 53d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 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 + 1.7% rent growth), your $34k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 200 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $35k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe 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 $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 200 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.45% ✓
• Cap rate: 12.26%
• Cash-on-cash: 21.31%
• DSCR: 1.95
• GRM: 5.8

CMA / ARV

• ARV (median comp): $225,892
• List price: $120,000
• Delta: -41.12%
• 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
1405 Admiral Nelson Dr	0.10mi	3/2.0	1,451 (-1%)	0mo	$195,000	$134	94
1411 Kings Row	0.11mi	3/2.0	1,412 (-3%)	1mo	$180,000	$127	89
1409 Kings Row	0.11mi	3/2.0	1,510 (+3%)	3mo	$132,000	$87	86
1243 Admiral Nelson Dr	0.34mi	3/2.0	1,465 (+0%)	1mo	$180,000	$123	83
310 Tiffany St	0.44mi	3/2.5	1,482 (+2%)	1mo	$164,700	$111	74
1621 Shylock Dr	0.27mi	3/2.0	1,565 (+7%)	2mo	$199,000	$127	74
317 Tiffany St	0.44mi	4/2.0 (+1)	1,465 (+0%)	0mo	$149,900	$102	74
314 Brookhaven Ct	0.55mi	4/2.0 (+1)	1,505 (+3%)	4mo	$239,000	$159	61
2029 Wellington Ln	0.58mi	3/2.0	1,350 (-8%)	3mo	$155,000	$115	58
317 Somerset Dr	0.66mi	3/2.0	1,340 (-8%)	2mo	$175,000	$131	54
319 Somerset Dr	0.67mi	3/2.0	1,586 (+9%)	1mo	$175,500	$111	54
319 Brookhaven Ct	0.55mi	4/2.0 (+1)	1,330 (-9%)	3mo	$230,000	$173	52

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: 9.3%
• Equity multiple: 1.36×
• Total profit: $12,150
• Equity at exit: $17,892

10-year hold

• IRR: 17.4%
• Equity multiple: 2.35×
• Total profit: $45,372
• Equity at exit: $10,375

Cash invested: $33,600 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 7 active · 17 under contract
• Months of supply: 2.0 mo (50%/mo absorbed)
• Median asking: $187,000 ($140/sqft)
• Median days on market: 78 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +10.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70461

• Home prices YoY: -33.0%
• Rents YoY: 1.7%
• Active inventory: 690
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,735 high
• Mortgage (P&I): −$629
• Tax from tax record: −$95 /mo · $1,138/yr
• Insurance: −$50
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $530

Break-even live

Break-even rent $1,064

Max offer price $120,000

Occupancy floor 64%

Sensitivity live

Price	-10% $598	-5% $564	+0% $530	+5% $496	+10% $462
Rent	-10% $393	-5% $462	+0% $530	+5% $599	+10% $667
Rate	-1.0pp $591	-0.5pp $561	base $530	+0.5pp $499	+1.0pp $467

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: $30,000
• Closing costs: $3,600
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1402 Shakespeare Ct Slidell, LA	4.0	2.0	1347	$1,725	$1.28	93d	1	0.08mi
1704 Admiral Nelson Dr Slidell, LA	3.0	2.0	1513	$1,750	$1.16	25d	1	0.14mi
1918 Hempstead Dr Unit NA Slidell, LA	4.0	2.0	1615	$1,750	$1.08	72d	1	0.40mi
218 Tiffany St Slidell, LA	3.0	2.0	1595	$1,700	$1.07	20d	1	0.41mi
1805 Brookter St Slidell, LA	3.0	2.0	1027	$1,650	$1.61	52d	1	0.41mi
310 Foxcroft Dr Slidell, LA	4.0	2.0	1535	$1,950	$1.27	72d	1	0.41mi
221 Bella Sera Ln Slidell, LA	3.0	2.0	1028	$1,525	$1.48	61d	1	0.44mi
301 Bella Sera Ln Slidell, LA	2.0	2.0	1028	$1,300	$1.26	20d	1	0.45mi
199 Kingspoint Blvd Slidell, LA	2.0	1.5	1225	$1,200	$0.98	39d	1	0.47mi
294 Bella Sera Ln Slidell, LA	3.0	2.0	1044	$1,350	$1.29	11d	1	0.48mi
302 Brookhaven Ct Slidell, LA	3.0	2.0	1531	$1,700	$1.11	20d	1	0.53mi
2023 Hempstead Dr Slidell, LA	3.0	2.0	1150	$1,300	$1.13	34d	1	0.55mi
2012 Dylan Dr Slidell, LA	3.0	2.0	1700	$1,950	$1.15	72d	1	0.60mi
1640 Town Center Pkwy Slidell, LA	3.0	1.0–2.0	959	$1,814	$1.89	11d	26	0.61mi
128 Foxbriar Ct Slidell, LA	3.0	2.0	1395	$1,650	$1.18	93d	1	0.68mi
1064 Clairise Ct Slidell, LA	3.0	2.0	1800	$1,900	$1.06	47d	1	0.78mi
57346 Maple Ave Slidell, LA	3.0	2.5	1550	$1,500	$0.97	93d	1	0.84mi
57376 Beech Ave Slidell, LA	2.0	1.5	1004	$1,350	$1.34	63d	1	0.90mi
57376 Beech Ave Slidell, LA	2.0	1.5	1000	$1,350	$1.35	66d	1	0.90mi
1000 Clairise Ct Slidell, LA	3.0	2.0	1319	$1,900	$1.44	93d	1	0.91mi
57389 Brookter Rd Slidell, LA	2.0	1.0	971	$1,200	$1.24	69d	1	0.93mi
1303 Town Center Pkwy Slidell, LA	3.0	1.0–2.0	990	$1,986	$2.01	11d	26	0.97mi
57426 Oak Ave Slidell, LA	3.0	2.0	1073	$1,200	$1.12	17d	1	0.98mi
200 Long St Slidell, LA	2.0–4.0	2.0	1112	$1,373	$1.23	11d	1	1.25mi
577 Panther Dr Slidell, LA	3.0	2.0	1483	$1,850	$1.25	52d	1	1.32mi
2009 Beth Dr Slidell, LA	3.0	2.0	1500	$1,750	$1.17	52d	1	1.38mi
3159 Dee St Slidell, LA	3.0	1.0	898	$1,400	$1.56	93d	1	1.42mi
901 Old Spanish Trl Slidell, LA	2.0	1.5	1070	$1,120	$1.05	39d	1	1.44mi

Listing history 50 events

1. 2026-08-08
   days on market $120,000 Active 200 DOM
2. 2026-08-07
   days on market $120,000 Active 199 DOM
3. 2026-08-06
   days on market $120,000 Active 198 DOM
4. 2026-08-05
   days on market $120,000 Active 197 DOM
5. 2026-08-04
   days on market $120,000 Active 196 DOM
6. 2026-08-03
   days on market $120,000 Active 195 DOM
7. 2026-07-31
   days on market $120,000 Active 192 DOM
8. 2026-07-30
   days on market $120,000 Active 190 DOM
9. 2026-07-28
   days on market $120,000 Active 189 DOM
10. 2026-07-26
    days on market $120,000 Active 187 DOM
11. 2026-07-24
    days on market $120,000 Active 185 DOM
12. 2026-07-23
    price $120,000 Active 184 DOM
13. 2026-07-23
    days on market $127,000 Active 184 DOM
14. 2026-07-22
    days on market $127,000 Active 183 DOM
15. 2026-07-21
    days on market $127,000 Active 182 DOM
16. 2026-07-20
    days on market $127,000 Active 181 DOM
17. 2026-07-18
    days on market $127,000 Active 179 DOM
18. 2026-07-18
    days on market $127,000 Active 178 DOM
19. 2026-07-16
    days on market $127,000 Active 177 DOM
20. 2026-07-15
    days on market $127,000 Active 176 DOM
21. 2026-07-14
    days on market $127,000 Active 175 DOM
22. 2026-07-13
    days on market $127,000 Active 174 DOM
23. 2026-07-13
    days on market $127,000 Active 173 DOM
24. 2026-07-11
    days on market $127,000 Active 172 DOM
25. 2026-07-10
    days on market $127,000 Active 171 DOM
26. 2026-07-09
    days on market $127,000 Active 170 DOM
27. 2026-07-07
    days on market $127,000 Active 168 DOM
28. 2026-07-06
    days on market $127,000 Active 167 DOM
29. 2026-07-05
    days on market $127,000 Active 166 DOM
30. 2026-07-03
    days on market $127,000 Active 164 DOM
31. 2026-07-02
    days on market $127,000 Active 163 DOM
32. 2026-07-01
    days on market $127,000 Active 162 DOM
33. 2026-06-30
    days on market $127,000 Active 161 DOM
34. 2026-06-29
    days on market $127,000 Active 160 DOM
35. 2026-06-28
    days on market $127,000 Active 159 DOM
36. 2026-06-27
    days on market $127,000 Active 158 DOM
37. 2026-06-27
    days on market $127,000 Active 157 DOM
38. 2026-06-25
    pricedays on market $127,000 Active 155 DOM
39. 2026-06-22
    days on market $133,000 Active 153 DOM
40. 2026-06-21
    days on market $133,000 Active 152 DOM
41. 2026-06-18
    days on market $133,000 Active 149 DOM
42. 2026-06-17
    days on market $133,000 Active 148 DOM
43. 2026-06-16
    days on market $133,000 Active 147 DOM
44. 2026-06-15
    days on market $133,000 Active 146 DOM
45. 2026-06-13
    days on marketlisting id $133,000 Active 144 DOM
46. 2026-06-10
    days on market $133,000 Active 141 DOM
47. 2026-06-09
    days on market $133,000 Active 140 DOM
48. 2026-06-08
    days on market $133,000 Active 139 DOM
49. 2026-06-07
    days on market $133,000 Active 138 DOM
50. 2026-06-03
    days on market $133,000 Active 134 DOM

ⓘ 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: $1,138 · $95/mo
• Projected year-2 tax: $1,138 · $95/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 8/10 Severe FEMA zone X (shaded) · 75% 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: $20,823
• − Mortgage interest: −$6,722
• − Property taxes: −$1,138
• − Insurance: −$1,398
• − Repairs & maintenance: −$1,666
• − Management: −$1,666
• − Depreciation: −$3,491
• Taxable income: $4,742
• Est. tax owed @ 24.0%: −$1,138
• After-tax cash flow: $5,224/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 · 9 photos

Fair 50/100 Moderate rehab Est. rehab $36,500–$65,700 screening

This single-family home requires moderate repairs and maintenance, particularly to the exterior siding and landscaping, to improve its resale and rental value.

Repairs flagged

• Moderate Siding — Weathered and minor peeling observed.
• Minor Carpet — Worn appearance, could be cleaned or replaced.
• Minor Paint — Slightly faded appearance, could be refreshed.

Value-add opportunities

• Both Painting and updating the exterior siding — Refreshing the exterior appearance will improve both resale and rental value. ↑
• Both Landscaping and fencing improvements — Enhancing the curb appeal will attract more buyers and renters. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 26/100

Zoned Schools

Elementary Abney Elementary Early Childhood Center Middle St. Tammany Junior High School F LA #114/218 Nat'l #8,861/14,009 High Salmen High School F LA #179/265 Nat'l #13,947/17,239

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

B Composite livability gradescore 70/100

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 · 286,725 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: 25% of renters

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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%

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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%

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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

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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

-16.7% since first listed

11 events — show timeline

• 2026-04-20 Price Changed $139,900 AcadianaMLS
• 2026-04-20 Price Changed $139,900 GSREIN
• 2026-03-23 Price Changed $144,900 AcadianaMLS
• 2026-03-23 Price Changed $144,900 GSREIN
• 2026-02-20 Price Changed $149,900 AcadianaMLS
• 2026-02-20 Price Changed $149,900 GSREIN
• 2026-01-20 Listed $154,900 GSREIN
• 2026-01-20 Listed $154,900 AcadianaMLS
• 2021-03-03 Sold (Public Records) $164,700 Public Records
• 2021-02-26 Sold (MLS) $164,700 GSREIN
• 2021-01-03 Listed $168,000 GSREIN

Property tax history

-3.2%/yr

Latest (2025): $1,138 · -3.0% YoY. Source: county tax records.