356 Markham Dr · Slidell, LA 70458

$164,900

3 bd · 1.5 ba · 1,412 sqft · SingleFamily public records · 19 Days on market

Built 1970 6,969 sqft lot Est $144k · 14% over

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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 +24.2/30.0
• DSCR +7.8/10.0
• 1% rule +5.3/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +1.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 1.5-bath brick home located in the Westchester Subdivision. This property offers a functional floor plan with comfortable living spaces and an inviting layout for everyday living. Recent improvements include a new roof installed in 2024, providing added value and peace of mind. The brick exterior offers low-maintenance durability, while the interior features a combination of living and dining spaces designed for flexibility and convenience. The home features no carpet, offering easy maintenance and a clean, updated feel throughout. The home includes three bedrooms, one full bathroom, and an additional half bath. The backyard provides space for outdoor enjoyment, gardening, or entertaining. Conveniently located by shopping, dining, schools, and local amenities, this property offers an excellent opportunity for homeowners seeking a move-in-ready residence. Schedule your private showing today to see all this home has to offer.

Key facts

• Brick exterior
• No carpet
• Backyard space

Tags

• NEW ROOF
• BRICK EXTERIOR
• NO CARPET
• BACKYARD SPACE
• FUNCTIONAL FLOOR PLAN
• LIVING AND DINING SPACES

Property features AI

Exterior

• Parking: Attached carport with one space
• Utilities: Public water; Public sewer
• Home design: Single-story home; Brick construction; Slab foundation
• Construction: Shingle roof; Built with brick
• Exterior features: Fenced yard; Covered porch

Interior

• Kitchen: Oven; Range
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Total of 7 rooms; Excellent condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $162k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.7% 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 (+1.5%/yr); 489 active listings in the ZIP; 12 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 19 days — a 2% lower offer ($162k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $165k implies a 175% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $162,426 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — 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: 1.03% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.59%
• DSCR: 1.38
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $144,024
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3858 Eton St	0.14mi	3/2.0	1,367 (-3%)	1mo	$188,000	$138	86
328 Hickory Dr	0.19mi	3/1.0	1,350 (-4%)	4mo	$137,000	$101	78
3844 Riviera Dr	0.35mi	3/1.5	1,466 (+4%)	6mo	$150,000	$102	73
931 Hailey Ave	0.61mi	3/2.0	1,445 (+2%)	2mo	$141,000	$98	64
365 Hickory Dr	0.15mi	4/2.0 (+1)	1,595 (+13%)	2mo	$68,500	$43	63
156 Greencrest Dr	0.63mi	3/2.0	1,350 (-4%)	0mo	$130,000	$96	61
136 Palm Springs Dr	0.61mi	3/1.5	1,348 (-4%)	5mo	$170,000	$126	60
127 Whitehall Dr	0.48mi	4/2.0 (+1)	1,475 (+4%)	5mo	$145,000	$98	59
140 Greencrest Dr	0.66mi	3/2.0	1,480 (+5%)	1mo	$176,000	$119	58
2872 Slidell Ave	0.67mi	3/1.0	1,338 (-5%)	1mo	$139,000	$104	57
3637 Riviera Dr	0.35mi	3/2.0	1,200 (-15%)	2mo	$138,000	$115	55
3046 Slidell Ave	0.60mi	4/1.0 (+1)	1,253 (-11%)	4mo	$85,000	$68	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 · 1.47% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.82×
• Total profit: $-8,307
• Equity at exit: $24,587

10-year hold

• IRR: 3.0%
• Equity multiple: 1.20×
• Total profit: $9,402
• Equity at exit: $14,258

Cash invested: $46,172 (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: 8.1×

Monthly cashflow live

• Estimated rent: $1,697 high
• Mortgage (P&I): −$865
• Tax from tax record: −$77 /mo · $922/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $330

Break-even live

Break-even rent $1,279

Max offer price $164,900

Occupancy floor 76%

Sensitivity live

Price	-10% $424	-5% $377	+0% $330	+5% $284	+10% $237
Rent	-10% $196	-5% $263	+0% $330	+5% $397	+10% $464
Rate	-1.0pp $413	-0.5pp $372	base $330	+0.5pp $288	+1.0pp $244

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3839 Oxford St Slidell, LA	3.0	2.0	1660	$1,700	$1.02	44d	1	0.11mi
3304 Bridge Dr Slidell, LA	3.0	2.0	1250	$1,700	$1.36	44d	1	0.44mi
172 South St Slidell, LA	4.0	2.0	1486	$1,800	$1.21	21d	1	0.52mi
102 Spartan Trace Blvd Slidell, LA	3.0	2.0	1516	$2,000	$1.32	24d	1	0.56mi
3046 Slidell Ave Slidell, LA	4.0	1.0	1253	$1,850	$1.48	4d	1	0.60mi
519 Spartan Dr #9101 Slidell, LA	2.0	2.0	1304	$1,400	$1.07	24d	1	0.66mi
301 Spartan Dr Slidell, LA	1.0–2.0	1.0–2.0	880	$1,502	$1.71	4d	8	0.66mi
3152 College St Slidell, LA	3.0	1.0	1373	$1,750	$1.27	44d	1	0.68mi
2864 Slidell Ave Slidell, LA	3.0	1.0	963	$1,395	$1.45	4d	1	0.68mi
3159 Dee St Slidell, LA	3.0	1.0	898	$1,400	$1.56	44d	1	0.71mi
901 Old Spanish Trl Slidell, LA	2.0	1.5	1070	$1,120	$1.05	12d	1	0.72mi
1640 Town Center Pkwy Slidell, LA	3.0	1.0–2.0	959	$1,895	$1.98	2d	46	1.47mi

Listing history 15 events

1. 2026-06-18
   days on market $164,900 Active 19 DOM
2. 2026-06-17
   price $164,900 Active 18 DOM
3. 2026-06-17
   days on market $179,900 Active 18 DOM
4. 2026-06-16
   days on market $179,900 Active 17 DOM
5. 2026-06-15
   days on market $179,900 Active 16 DOM
6. 2026-06-13
   days on market $179,900 Active 14 DOM
7. 2026-06-10
   days on market $179,900 Active 11 DOM
8. 2026-06-09
   days on market $179,900 Active 10 DOM
9. 2026-06-08
   days on market $179,900 Active 9 DOM
10. 2026-06-07
    days on market $179,900 Active 8 DOM
11. 2026-06-03
    days on market $179,900 Active 4 DOM
12. 2026-06-02
    days on market $179,900 Active 3 DOM
13. 2026-06-01
    days on market $179,900 Active 2 DOM
14. 2026-05-31
    remarks 699-char remark
15. 2026-05-31
    listed $179,900 Active 1 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: $922 · $77/mo
• Projected year-2 tax: $922 · $77/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 98% 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 10/10 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: $20,365
• − Mortgage interest: −$9,237
• − Property taxes: −$922
• − Insurance: −$824
• − Repairs & maintenance: −$1,629
• − Management: −$1,629
• − Depreciation: −$4,797
• Taxable income: $1,326
• Est. tax owed @ 24.0%: −$318
• After-tax cash flow: $3,646/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

+102.1% since first listed

5 events — show timeline

• 2026-05-30 Listed $179,900 AcadianaMLS
• 2026-05-30 Listed $179,900 GSREIN
• 2013-12-11 Sold (MLS) $60,000 GSREIN
• 2013-06-28 Listed $89,000 AcadianaMLS
• 2013-06-28 Listed $89,000 GSREIN

Property tax history

-1.3%/yr

Latest (2025): $922 · -8.3% YoY. Source: county tax records.