2107 Bluebird St · Slidell, LA 70460

$210,000

3 bd · 2.0 ba · 1,252 sqft · SingleFamily public records · 55 Days on market

Built 1998 $168/sqft · 6% below area Est $224k · 6% 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 +17.2/30.0
• ARV discount +10.3/15.0
• DSCR +5.4/10.0
• Schools +4.3/10.0
• Rent growth +4.0/5.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

100% FINANCING AVAILABLE--MOVE RIGHT IN! Flooded with natural light... this home showcases SOARING CATHEDRAL CEILINGS in the den, kitchen/dining, and primary suite--creating an open, airy feel buyers LOVE! Spacious den with fireplace and 65" TV CAN STAY for instant comfort and convenience. The kitchen shines with NEW GRANITE COUNTERS, UNDERMOUNT SINK & NEW DISHWASHER plus stainless appliances (refrigerator INCLUDED!) and pantry for storage. Enjoy peace of mind with WATER HEATER & NEST THERMOSTAT UNDER 3 YEARS OLD, fresh paint throughout, double-insulated windows, and NO CARPET--ONLY TILE, REAL WOOD & ENGINEERED FLOORING. Generous laundry room offers extra shelving and comes complete with WASHER & DRYER. Step outside to a WRAP-AROUND PORCH & BRICK PATIO-- Great for entertaining! Fenced yard with shed and POTENTIAL BACKYARD ACCESS add even more value. This one checks ALL the boxes--DON'T MISS IT!

Key facts

• Undermount sink
• Stainless appliances
• Pantry for storage

Tags

• SOARING CATHEDRAL CEILINGS
• NEW GRANITE COUNTERS
• UNDERMOUNT SINK
• NEW DISHWASHER
• STAINLESS APPLIANCES
• PANTRY FOR STORAGE

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Sewer to treatment plant
• Home design: Single-story; Very good condition
• Construction: Shingle roof; Slab foundation
• Exterior features: Brick patio/porch; Rectangular lot; Outside city limits

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range
• Bedrooms: Total of 6 rooms (includes bedrooms and living areas)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fan(s); Wood-burning fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $151 ($2k/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 $179k (14.7% below list).
• Recommended offer: $179k (14.7% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 5.9% in Slidell — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $1k of loan paydown is wiped out by about $6k 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 55 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 23y 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 $140k; list at $210k implies a 50% 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,076 (14.7% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
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: 0.85% ✗
• Cap rate: 7.15%
• Cash-on-cash: 3.07%
• DSCR: 1.14
• GRM: 9.8

CMA / ARV

• ARV (median comp): $223,724
• List price: $210,000
• Delta: -6.13%
• 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
2110 Mallard St	0.28mi	2/2.0 (-1)	1,266 (+1%)	1mo	$125,000	$99	80
2116 Jay St	0.16mi	3/2.0	1,170 (-6%)	3mo	$202,500	$173	79
2406 Bluebird St	0.37mi	3/2.0	1,218 (-3%)	0mo	$175,000	$144	78
2218 Teal St	0.38mi	3/2.0	1,262 (+1%)	3mo	$142,000	$113	78
2523 Bluebird St	0.58mi	3/2.0	1,222 (-2%)	2mo	$155,000	$127	68
2022 Mallard St	0.29mi	3/1.0	1,148 (-8%)	1mo	$165,000	$144	67
2120 Oriole St	0.23mi	2/1.0 (-1)	1,164 (-7%)	2mo	$153,000	$131	67
2502 Mallard St	0.55mi	3/2.0	1,291 (+3%)	3mo	$172,000	$133	67
2402 Mallard St	0.45mi	3/2.0	1,361 (+9%)	3mo	$125,000	$92	62
2514 Robin St	0.54mi	3/2.0	1,334 (+6%)	2mo	$190,000	$142	62
2517 Pelican St	0.55mi	3/2.0	1,367 (+9%)	1mo	$240,000	$176	58
2515 Pelican St	0.54mi	3/2.0	1,405 (+12%)	3mo	$235,000	$167	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 · 5.91% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.67×
• Total profit: $-19,132
• Equity at exit: $31,312

10-year hold

• IRR: 3.9%
• Equity multiple: 1.32×
• Total profit: $18,835
• Equity at exit: $18,157

Cash invested: $58,800 (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: 9.8×

Monthly cashflow live

• Estimated rent: $1,791 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$75 /mo · $905/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $151

Break-even live

Break-even rent $1,600

Max offer price $210,000

Occupancy floor 87%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2402 Pelican St Slidell, LA	3.0	2.0	1400	$1,700	$1.21	24d	1	0.37mi
2322 Mallard St Slidell, LA	3.0	2.0	1400	$1,600	$1.14	44d	1	0.44mi
2519 Crane St Slidell, LA	3.0	2.0	1160	$1,600	$1.38	24d	1	0.59mi
34081 Stanley St Slidell, LA	3.0	2.5	1832	$1,950	$1.06	2d	1	1.23mi
444 Holmes Dr Slidell, LA	4.0	2.0	1594	$1,800	$1.13	44d	1	1.42mi
35363 Melody Ln Slidell, LA	3.0	2.0	1510	$1,800	$1.19	44d	1	1.44mi

Listing history 30 events

1. 2026-06-18
   days on market $210,000 Active 55 DOM
2. 2026-06-17
   days on market $210,000 Active 54 DOM
3. 2026-06-16
   days on market $210,000 Active 53 DOM
4. 2026-06-15
   days on market $210,000 Active 52 DOM
5. 2026-06-13
   days on market $210,000 Active 50 DOM
6. 2026-06-10
   days on market $210,000 Active 47 DOM
7. 2026-06-09
   days on market $210,000 Active 46 DOM
8. 2026-06-08
   days on market $210,000 Active 45 DOM
9. 2026-06-07
   days on market $210,000 Active 44 DOM
10. 2026-06-03
    days on market $210,000 Active 40 DOM
11. 2026-06-02
    days on market $210,000 Active 39 DOM
12. 2026-06-01
    days on market $210,000 Active 38 DOM
13. 2026-05-31
    days on market $210,000 Active 37 DOM
14. 2026-04-24
    listed $210,000 Active 932-char remark

    Show marketing remark (932 chars)

    100% FINANCING AVAILABLE--MOVE RIGHT IN! Flooded with natural light... this home showcases SOARING CATHEDRAL CEILINGS in the den, kitchen/dining, and primary suite--creating an open, airy feel buyers LOVE! Spacious den with fireplace and 65" TV CAN STAY for instant comfort and convenience. The kitchen shines with NEW GRANITE COUNTERS, UNDERMOUNT SINK & NEW DISHWASHER plus stainless appliances (refrigerator INCLUDED!) and pantry for storage. Enjoy peace of mind with WATER HEATER & NEST THERMOSTAT UNDER 3 YEARS OLD, fresh paint throughout, double-insulated windows, and NO CARPET--ONLY TILE, REAL WOOD & ENGINEERED FLOORING. Generous laundry room offers extra shelving and comes complete with WASHER & DRYER. Step outside to a WRAP-AROUND PORCH & BRICK PATIO-- Great for entertaining! Fenced yard with shed and POTENTIAL BACKYARD ACCESS add even more value. This one checks ALL the boxes--DON'T MISS IT!

15. 2026-04-24
    listed $210,000 Active 975-char remark

    Show marketing remark (932 chars)

    100% FINANCING AVAILABLE--MOVE RIGHT IN! Flooded with natural light... this home showcases SOARING CATHEDRAL CEILINGS in the den, kitchen/dining, and primary suite--creating an open, airy feel buyers LOVE! Spacious den with fireplace and 65" TV CAN STAY for instant comfort and convenience. The kitchen shines with NEW GRANITE COUNTERS, UNDERMOUNT SINK & NEW DISHWASHER plus stainless appliances (refrigerator INCLUDED!) and pantry for storage. Enjoy peace of mind with WATER HEATER & NEST THERMOSTAT UNDER 3 YEARS OLD, fresh paint throughout, double-insulated windows, and NO CARPET--ONLY TILE, REAL WOOD & ENGINEERED FLOORING. Generous laundry room offers extra shelving and comes complete with WASHER & DRYER. Step outside to a WRAP-AROUND PORCH & BRICK PATIO-- Great for entertaining! Fenced yard with shed and POTENTIAL BACKYARD ACCESS add even more value. This one checks ALL the boxes--DON'T MISS IT!

16. 2019-12-18
    soldstatus $140,000
17. 2019-12-13
    soldstatus $140,000 Closed
18. 2019-11-11
    status Pending
19. 2019-11-05
    listed $149,000
20. 2019-11-05
    listed $149,000 Active
21. 2017-02-06
    soldstatus $122,000 Sold
22. 2016-12-19
    historical Pending Continue to Show
23. 2016-11-07
    listed $125,000 Active
24. 2016-11-07
    listed $125,000
25. 2010-03-03
    listed $134,900
26. 2010-03-03
    listed $134,900
27. 2004-03-01
    soldstatus $93,000
28. 2004-02-27
    soldstatus $93,000
29. 2003-09-09
    listed $91,900
30. 2003-09-09
    listed $91,900

ⓘ 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: $905 · $75/mo
• Projected year-2 tax: $1,155 · $96/mo
• Expected delta: +$250/yr (+$21/mo · 27.7%)

ⓘ 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 · 47% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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: $21,489
• − Mortgage interest: −$11,763
• − Property taxes: −$905
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,719
• − Management: −$1,719
• − Depreciation: −$6,109
• Taxable loss: −$1,776
• Est. tax savings @ 24.0%: +$426
• After-tax cash flow: $2,233/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

+128.5% since first listed

17 events — show timeline

• 2026-04-24 Listed $210,000 GSREIN
• 2026-04-24 Listed $210,000 AcadianaMLS
• 2019-12-18 Sold (Public Records) $140,000 Public Records
• 2019-12-13 Sold (MLS) $140,000 GSREIN
• 2019-11-11 Pending — GSREIN
• 2019-11-05 Listed $149,000 GSREIN
• 2019-11-05 Listed $149,000 AcadianaMLS
• 2017-02-06 Sold (MLS) $122,000 GSREIN
• 2016-12-19 Contingent — GSREIN
• 2016-11-07 Listed $125,000 GSREIN
• 2016-11-07 Listed $125,000 AcadianaMLS
• 2010-03-03 Listed $134,900 GSREIN
• 2010-03-03 Listed $134,900 AcadianaMLS
• 2004-03-01 Sold (Public Records) $93,000 Public Records
• 2004-02-27 Sold (MLS) $93,000 GSREIN
• 2003-09-09 Listed $91,900 GSREIN
• 2003-09-09 Listed $91,900 AcadianaMLS

Property tax history

-3.8%/yr

Latest (2025): $905 · -3.8% YoY. Source: county tax records.