259 Bluebird Dr · Slidell, LA 70458

$172,900

3 bd · 1.0 ba · 1,333 sqft · SingleFamily public records · 26 Days on market

Built 1967 Est $185k · 7% under

---

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 +20.7/30.0
• ARV discount +10.5/15.0
• DSCR +6.6/10.0
• 1% rule +4.3/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully updated, 3-bedroom, 1-bathroom home offering ultimate convenience and modern style. Step inside to find a completely carpet-free interior featuring fresh updates and a seamless floor plan. The living spaces are filled with natural light, providing a clean and contemporary feel throughout.The interior flows effortlessly to your outdoor living space. Enjoy relaxing or entertaining on the covered back patio, which overlooks a fenced backyard for pets or gatherings. Situated in a prime, central location, this move-in-ready gem places you just minutes from local shopping, dining, and major commuter routes. Schedule your tour today!

Key facts

• Central location
• Updated home
• Covered back patio

Tags

• UPDATED HOME
• CARPET-FREE INTERIOR
• OUTDOOR LIVING SPACE
• COVERED BACK PATIO
• FENCED BACKYARD
• CENTRAL LOCATION

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story; Built in 1967 with updates completed in 2026; Excellent condition
• Construction: Brick veneer exterior; Shingle roof; Slab foundation
• Exterior features: Covered concrete patio; City lot; Rectangular lot; Lot dimensions approx. 62 x 132 x 60 x 131

Interior

• Kitchen: Dishwasher; Microwave; Range
• Bedrooms: 6 total rooms (includes bedrooms and other living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s)
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $173k.

Deal economics

• At list price, monthly cash flow is $234 ($3k/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 $160k (7.2% below list).
• Recommended offer: $160k (7.2% below list) — sets the bar for 1% rule.
• Cap rate 7.9% 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 (+1.5%/yr); 489 active listings in the ZIP; 28 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).

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.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 23y ago; this cycle's ask has dropped $12k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $160,461 (7.2% below list)

Questions for the listing agent

1. Built in 1967 — 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: 0.93% ✗
• Cap rate: 7.92%
• Cash-on-cash: 5.80%
• DSCR: 1.26
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $185,287
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
289 Audubon Dr	0.11mi	3/1.5	1,323 (-1%)	6mo	$163,500	$124	86
319 Cardinal Dr	0.16mi	3/2.0	1,316 (-1%)	7mo	$171,906	$131	80
249 Hummingbird Ln	0.11mi	3/2.0	1,382 (+4%)	6mo	$213,500	$154	80
108 Chantilly Ln	0.40mi	3/2.0	1,300 (-2%)	2mo	$199,000	$153	72
252 Oriole Dr	0.26mi	3/1.5	1,232 (-8%)	2mo	$136,000	$110	71
214 Cardinal Dr	0.23mi	3/1.0	1,160 (-13%)	1mo	$68,000	$59	67
218 Mockingbird Ln	0.18mi	3/1.5	1,200 (-10%)	8mo	$122,500	$102	66
374 E Suncrest Loop	0.15mi	3/2.0	1,500 (+12%)	8mo	$208,763	$139	61
378 E Suncrest Loop	0.16mi	3/2.0	1,503 (+13%)	9mo	$216,000	$144	60
405 Pine Forest Dr	0.25mi	3/2.0	1,502 (+13%)	7mo	$205,000	$136	58
203 Oriole Dr	0.26mi	3/2.0	1,185 (-11%)	11mo	$165,000	$139	56
109 Brittany Ln	0.48mi	4/2.0 (+1)	1,420 (+6%)	11mo	$212,000	$149	49

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: -8.9%
• Equity multiple: 0.68×
• Total profit: $-15,632
• Equity at exit: $25,780

10-year hold

• IRR: -1.4%
• Equity multiple: 0.91×
• Total profit: $-4,421
• Equity at exit: $14,949

Cash invested: $48,412 (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: 9.0×

Monthly cashflow live

• Estimated rent: $1,605 high
• Mortgage (P&I): −$907
• Tax from tax record: −$55 /mo · $661/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $234

Break-even live

Break-even rent $1,309

Max offer price $172,900

Occupancy floor 80%

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: $43,225
• Closing costs: $5,187
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1513 Savannah Dr Slidell, LA	2.0	1.5	1000	$1,150	$1.15	3d	1	0.24mi
816 Rue Rochelle Slidell, LA	2.0	1.5	1500	$1,200	$0.80	44d	1	0.25mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	44d	1	0.26mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	24d	1	0.26mi
1500 Richmond Dr Slidell, LA	2.0	2.0	1137	$1,250	$1.10	3d	1	0.29mi
1536 Richmond Dr Slidell, LA	2.0	1.5	958	$1,150	$1.20	24d	1	0.31mi
221 Martin Ln Slidell, LA	3.0	1.5	1353	$1,800	$1.33	24d	1	0.37mi
932 Asheville Dr Slidell, LA	2.0	1.5	1220	$1,225	$1.00	3d	1	0.39mi
433 Grafton Dr Slidell, LA	3.0	2.0	1625	$1,900	$1.17	44d	1	0.42mi
908 Asheville Dr Slidell, LA	2.0	1.0	1000	$1,350	$1.35	10d	1	0.44mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	3d	1	0.47mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	3d	1	0.47mi
106 Kempsey Ct Slidell, LA	3.0	2.0	1650	$1,600	$0.97	21d	1	0.86mi
1466 Florida Ave Slidell, LA	3.0	2.0	1456	$2,200	$1.51	44d	1	0.91mi
221 Lake Tahoe Dr Slidell, LA	3.0	2.0	1671	$1,850	$1.11	44d	1	1.07mi
1540 Wildwood Ln Slidell, LA	3.0	2.0	1525	$2,200	$1.44	24d	1	1.10mi
39344 Rosalind Dr Slidell, LA	3.0	2.0	1500	$2,400	$1.60	44d	1	1.13mi
250 Brownswitch Rd Apt 193 Slidell, LA	2.0	1.5	1025	$1,195	$1.17	10d	1	1.19mi
59278 Rebel Dr Unit A Slidell, LA	2.0	1.0	900	$1,185	$1.32	44d	1	1.20mi
59278 Rebel Dr Slidell, LA	2.0	1.0	900	$1,175	$1.31	44d	1	1.20mi
117 S Queens Dr Slidell, LA	4.0	2.0	1476	$1,800	$1.22	3d	1	1.28mi
100 Firwood Dr Slidell, LA	4.0	2.0	1649	$1,900	$1.15	44d	1	1.30mi
1731 Mary Dr Slidell, LA	3.0	2.0	1200	$1,650	$1.38	3d	1	1.32mi
1733 Mary Dr Slidell, LA	3.0	2.0	1349	$1,650	$1.22	44d	1	1.33mi
40065 Cane St Slidell, LA	3.0	2.0	1345	$2,200	$1.64	44d	1	1.40mi
40065 Cane St Slidell, LA	3.0	2.0	1345	$2,150	$1.60	3d	1	1.40mi
814 Lake Borgne Ct Slidell, LA	3.0	2.0	1560	$1,900	$1.22	21d	1	1.45mi
513 Michigan Ave Slidell, LA	3.0	2.0	1250	$1,575	$1.26	24d	1	1.45mi

Listing history 46 events

1. 2026-06-18
   days on market $172,900 Active 26 DOM
2. 2026-06-18
   price $172,900 Active 25 DOM
3. 2026-06-17
   days on market $184,900 Active 25 DOM
4. 2026-06-16
   days on market $184,900 Active 24 DOM
5. 2026-06-15
   days on market $184,900 Active 23 DOM
6. 2026-06-13
   days on market $184,900 Active 21 DOM
7. 2026-06-10
   days on market $184,900 Active 18 DOM
8. 2026-06-09
   days on market $184,900 Active 17 DOM
9. 2026-06-08
   days on market $184,900 Active 16 DOM
10. 2026-06-07
    days on market $184,900 Active 15 DOM
11. 2026-06-03
    days on market $184,900 Active 11 DOM
12. 2026-06-02
    days on market $184,900 Active 10 DOM
13. 2026-06-01
    days on market $184,900 Active 9 DOM
14. 2026-05-31
    days on market $184,900 Active 8 DOM
15. 2026-05-21
    listed $184,900 Active

    Show marketing remark (662 chars)

    Welcome to this beautifully updated, 3-bedroom, 1-bathroom home offering ultimate convenience and modern style. Step inside to find a completely carpet-free interior featuring fresh updates and a seamless floor plan. The living spaces are filled with natural light, providing a clean and contemporary feel throughout.The interior flows effortlessly to your outdoor living space. Enjoy relaxing or entertaining on the covered back patio, which overlooks a fenced backyard for pets or gatherings. Situated in a prime, central location, this move-in-ready gem places you just minutes from local shopping, dining, and major commuter routes. Schedule your tour today!

16. 2026-05-21
    listed $184,900 Active 662-char remark

    Show marketing remark (662 chars)

    Welcome to this beautifully updated, 3-bedroom, 1-bathroom home offering ultimate convenience and modern style. Step inside to find a completely carpet-free interior featuring fresh updates and a seamless floor plan. The living spaces are filled with natural light, providing a clean and contemporary feel throughout.The interior flows effortlessly to your outdoor living space. Enjoy relaxing or entertaining on the covered back patio, which overlooks a fenced backyard for pets or gatherings. Situated in a prime, central location, this move-in-ready gem places you just minutes from local shopping, dining, and major commuter routes. Schedule your tour today!

17. 2026-02-24
    soldstatus $187,838
18. 2025-06-12
    price $179,000
19. 2025-06-12
    price $179,000
20. 2025-03-27
    listed $186,000 Active
21. 2025-03-12
    historical $1,650
22. 2025-02-27
    price $193,000
23. 2025-02-12
    price $193,000
24. 2025-01-29
    listed $1,650
25. 2025-01-16
    price $195,900
26. 2025-01-16
    price $195,900
27. 2024-12-05
    listed $198,000 Active
28. 2023-12-08
    soldstatus $195,000 Closed
29. 2023-11-05
    historical Active Under Contract
30. 2023-10-12
    status Active
31. 2023-10-08
    status Pending
32. 2023-10-05
    listed $195,000
33. 2023-10-05
    listed $195,000 Active
34. 2022-06-08
    soldstatus $94,000
35. 2019-05-10
    soldstatus $80,000
36. 2013-03-05
    soldstatus $85,000
37. 2011-12-14
    listed $109,750
38. 2011-12-14
    listed $109,750
39. 2010-01-20
    listed $119,500
40. 2010-01-20
    listed $119,500
41. 2009-10-30
    listed $128,500
42. 2009-10-30
    listed $128,500
43. 2003-07-16
    soldstatus $75,000
44. 2003-07-11
    soldstatus $75,000
45. 2003-05-31
    listed $76,900
46. 2003-05-31
    listed $76,900

ⓘ 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: $661 · $55/mo
• Projected year-2 tax: $951 · $79/mo
• Expected delta: +$290/yr (+$24/mo · 43.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $19,255
• − Mortgage interest: −$9,685
• − Property taxes: −$661
• − Insurance: −$864
• − Repairs & maintenance: −$1,540
• − Management: −$1,540
• − Depreciation: −$5,030
• Taxable loss: −$66
• Est. tax savings @ 24.0%: +$16
• After-tax cash flow: $2,822/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

+140.4% since first listed

32 events — show timeline

• 2026-05-21 Listed $184,900 AcadianaMLS
• 2026-05-21 Listed $184,900 GSREIN
• 2026-02-24 Sold (Public Records) $187,838 Public Records
• 2025-06-12 Price Changed $179,000 AcadianaMLS
• 2025-06-12 Price Changed $179,000 GSREIN
• 2025-03-27 Listed $186,000 AcadianaMLS
• 2025-03-12 Rental Removed $1,650 GSREIN
• 2025-02-27 Price Changed $193,000 AcadianaMLS
• 2025-02-12 Price Changed $193,000 GSREIN
• 2025-01-29 Listed for Rent $1,650 GSREIN
• 2025-01-16 Price Changed $195,900 AcadianaMLS
• 2025-01-16 Price Changed $195,900 GSREIN
• 2024-12-05 Listed $198,000 AcadianaMLS
• 2023-12-08 Sold (MLS) $195,000 GSREIN
• 2023-11-05 Contingent — GSREIN
• 2023-10-12 Relisted — GSREIN
• 2023-10-08 Pending — GSREIN
• 2023-10-05 Listed $195,000 GSREIN
• 2023-10-05 Listed $195,000 AcadianaMLS
• 2022-06-08 Sold (Public Records) $94,000 Public Records
• 2019-05-10 Sold (Public Records) $80,000 Public Records
• 2013-03-05 Sold (Public Records) $85,000 Public Records
• 2011-12-14 Listed $109,750 GSREIN
• 2011-12-14 Listed $109,750 AcadianaMLS
• 2010-01-20 Listed $119,500 GSREIN
• 2010-01-20 Listed $119,500 AcadianaMLS
• 2009-10-30 Listed $128,500 GSREIN
• 2009-10-30 Listed $128,500 AcadianaMLS
• 2003-07-16 Sold (Public Records) $75,000 Public Records
• 2003-07-11 Sold (MLS) $75,000 GSREIN
• 2003-05-31 Listed $76,900 AcadianaMLS
• 2003-05-31 Listed $76,900 GSREIN

Property tax history

-8.4%/yr

Latest (2025): $661 · -9.1% YoY. Source: county tax records.