58420 Lynn Rd · Slidell, LA 70460

$140,000

3 bd · 1.0 ba · 1,200 sqft · SingleFamily public records · 40 Days on market

Built 1970 0.32 ac lot $117/sqft · 18% below area Est $183k · 23% 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 +29.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• 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

Recently updated 3-bedroom, 1-bath home in Slidell offering comfort, value, and move-in ready convenience. Interior features vinyl and laminate wood flooring throughout--no carpet--along with a refreshed kitchen complete with new cabinets and a stainless steel range. The bathroom has been updated with new tile, adding a clean, modern touch. Major improvements include a metal roof just 8 months old and a water heater only 4 months old, providing peace of mind for years to come. Situated on an oversized lot, the property offers plenty of outdoor space for entertaining, gardening, or future additions. A great opportunity for a starter home, downsizing option, or investment property.

Key facts

• Metal roof
• New tile
• New cabinets

Tags

• REFRESHED KITCHEN
• NEW CABINETS
• STAINLESS STEEL RANGE
• UPDATED BATHROOM
• NEW TILE
• METAL ROOF

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: Off-street parking
• Security:
• Utilities: Well water; Septic tank
• Home design: Single-story home; Raised foundation
• Construction: Shingle roof
• Exterior features: Shed(s); City lot; Rectangular lot; Lot dimensions approximately 100 x 139 x 75 x 137

Interior

• Kitchen: Oven; Range
• Bedrooms:
• Flooring:
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Window unit heating; Central air conditioning; Window unit air conditioning
• Interior features: Very good condition; Total of 6 rooms
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% 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); 246 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $968 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 $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 2y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $140k implies a 155% gain — meaningful room to come down on a strong offer.

Recommended offer $135,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.25% ✓
• Cap rate: 10.67%
• Cash-on-cash: 15.62%
• DSCR: 1.70
• GRM: 6.7

CMA / ARV

• ARV (median comp): $182,623
• List price: $140,000
• Delta: -17.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
58275 Harbor Rd	0.17mi	3/2.0	1,344 (+12%)	9mo	$157,000	$117	60
34159 Tupelo Ln	0.58mi	3/1.0	1,318 (+10%)	11mo	$150,000	$114	47
35296 - B Windsor Dr	0.73mi	3/2.0	1,080 (-10%)	9mo	$153,000	$142	38
34075 Live Oak Ln	0.71mi	3/2.0	1,295 (+8%)	17mo	$195,000	$151	36
34083 Longleaf Ln	0.74mi	3/2.0	1,351 (+13%)	19mo	$207,000	$153	25

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: 9.5%
• Equity multiple: 1.38×
• Total profit: $15,059
• Equity at exit: $20,874

10-year hold

• IRR: 20.8%
• Equity multiple: 2.99×
• Total profit: $77,823
• Equity at exit: $12,105

Cash invested: $39,200 (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: 246
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,751 high
• Mortgage (P&I): −$734
• Tax from tax record: −$81 /mo · $970/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $510

Break-even live

Break-even rent $1,105

Max offer price $140,000

Occupancy floor 66%

Sensitivity live

Price	-10% $590	-5% $550	+0% $510	+5% $471	+10% $431
Rent	-10% $372	-5% $441	+0% $510	+5% $579	+10% $649
Rate	-1.0pp $581	-0.5pp $546	base $510	+0.5pp $474	+1.0pp $437

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
134 Napoleon Ave Slidell, LA	2.0	2.0	1450	$1,400	$0.97	45d	1	0.94mi
58019 Carroll Rd Slidell, LA	4.0	2.0	1400	$1,695	$1.21	45d	1	1.23mi
35621 Oak Ridge Ave Slidell, LA	3.0	2.0	1406	$1,800	$1.28	45d	1	1.24mi
35567 Liberty Dr Slidell, LA	3.0	2.0	1232	$1,650	$1.34	45d	1	1.34mi
2322 Mallard St Slidell, LA	3.0	2.0	1400	$1,600	$1.14	45d	1	1.36mi
2402 Pelican St Slidell, LA	3.0	2.0	1400	$1,700	$1.21	25d	1	1.45mi

Listing history 28 events

1. 2026-06-21
   pricedays on market $140,000 Active 40 DOM
2. 2026-06-18
   days on market $149,900 Active 37 DOM
3. 2026-06-17
   days on market $149,900 Active 36 DOM
4. 2026-06-16
   days on market $149,900 Active 35 DOM
5. 2026-06-15
   days on market $149,900 Active 34 DOM
6. 2026-06-13
   days on market $149,900 Active 32 DOM
7. 2026-06-10
   days on market $149,900 Active 29 DOM
8. 2026-06-09
   days on market $149,900 Active 28 DOM
9. 2026-06-08
   days on market $149,900 Active 27 DOM
10. 2026-06-07
    days on market $149,900 Active 26 DOM
11. 2026-06-03
    days on market $149,900 Active 22 DOM
12. 2026-06-02
    days on market $149,900 Active 21 DOM
13. 2026-06-01
    days on market $149,900 Active 20 DOM
14. 2026-05-31
    days on market $149,900 Active 19 DOM
15. 2026-05-12
    listed $149,900 Active 698-char remark

    Show marketing remark (688 chars)

    Recently updated 3-bedroom, 1-bath home in Slidell offering comfort, value, and move-in ready convenience. Interior features vinyl and laminate wood flooring throughout--no carpet--along with a refreshed kitchen complete with new cabinets and a stainless steel range. The bathroom has been updated with new tile, adding a clean, modern touch. Major improvements include a metal roof just 8 months old and a water heater only 4 months old, providing peace of mind for years to come. Situated on an oversized lot, the property offers plenty of outdoor space for entertaining, gardening, or future additions. A great opportunity for a starter home, downsizing option, or investment property.

16. 2026-05-12
    listed $149,900 Active 688-char remark

    Show marketing remark (688 chars)

    Recently updated 3-bedroom, 1-bath home in Slidell offering comfort, value, and move-in ready convenience. Interior features vinyl and laminate wood flooring throughout--no carpet--along with a refreshed kitchen complete with new cabinets and a stainless steel range. The bathroom has been updated with new tile, adding a clean, modern touch. Major improvements include a metal roof just 8 months old and a water heater only 4 months old, providing peace of mind for years to come. Situated on an oversized lot, the property offers plenty of outdoor space for entertaining, gardening, or future additions. A great opportunity for a starter home, downsizing option, or investment property.

17. 2026-03-09
    listed $149,900 Active
18. 2025-06-03
    listed $80,000 Active
19. 2025-06-03
    listed $80,000 Active
20. 2025-05-01
    listed $80,000 Active
21. 2025-02-27
    price $80,000
22. 2025-02-18
    price $80,000
23. 2024-09-19
    price $89,900
24. 2024-08-23
    listed $89,900 Active
25. 2024-06-28
    soldstatus $55,000
26. 2024-03-27
    price $100,000
27. 2024-03-12
    price $120,000
28. 2024-02-28
    listed $100,000

ⓘ 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: $970 · $81/mo
• Projected year-2 tax: $970 · $81/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $21,017
• − Mortgage interest: −$7,842
• − Property taxes: −$970
• − Insurance: −$700
• − Repairs & maintenance: −$1,681
• − Management: −$1,681
• − Depreciation: −$4,073
• Taxable income: $4,069
• Est. tax owed @ 24.0%: −$977
• After-tax cash flow: $5,147/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

+49.9% since first listed

14 events — show timeline

• 2026-05-12 Listed $149,900 AcadianaMLS
• 2026-05-12 Listed $149,900 GSREIN
• 2026-03-09 Listed $149,900 AcadianaMLS
• 2025-06-03 Listed $80,000 AcadianaMLS
• 2025-06-03 Listed $80,000 AcadianaMLS
• 2025-05-01 Listed $80,000 AcadianaMLS
• 2025-02-27 Price Changed $80,000 AcadianaMLS
• 2025-02-18 Price Changed $80,000 GSREIN
• 2024-09-19 Price Changed $89,900 GSREIN
• 2024-08-23 Listed $89,900 AcadianaMLS
• 2024-06-28 Sold (Public Records) $55,000 Public Records
• 2024-03-27 Price Changed $100,000 GSREIN
• 2024-03-12 Price Changed $120,000 GSREIN
• 2024-02-28 Listed $100,000 AcadianaMLS

Property tax history

+4.3%/yr

Latest (2025): $970 · -4.7% YoY. Source: county tax records.