352 Cumberland Dr · Slidell, LA 70458

$158,000

3 bd · 2.0 ba · 1,393 sqft · SingleFamily public records · 241 Days on market

Built 1965 $113/sqft · 15% below area Est $186k · 15% 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 +23.4/30.0
• ARV discount +14.2/15.0
• DSCR +7.5/10.0
• 1% rule +5.7/10.0
• 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

Cozy 3 bedroom, 2 bath with incredible open floor plan. Large kitchen with room for an island , stainless appliances and pantry. Covered back porch is great for entertaining. Spacious den with plenty of room. Succession property. Subject to court approval.

Key facts

• Open floor plan
• Stainless appliances
• Large kitchen

Tags

• OPEN FLOOR PLAN
• LARGE KITCHEN
• STAINLESS APPLIANCES
• COVERED BACK PORCH
• SPACIOUS DEN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $158k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $158k).
• Recommended offer: $139k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 241 days — a 12% lower offer ($139k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,040 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.07% ✓
• Cap rate: 8.52%
• Cash-on-cash: 7.96%
• DSCR: 1.35
• GRM: 7.8

CMA / ARV

• ARV (median comp): $185,590
• List price: $158,000
• Delta: -14.87%
• 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
3858 Eton St	0.20mi	3/2.0	1,367 (-2%)	1mo	$188,000	$138	87
328 Hickory Dr	0.13mi	3/1.0	1,350 (-3%)	4mo	$137,000	$101	81
3844 Riviera Dr	0.37mi	3/1.5	1,466 (+5%)	6mo	$150,000	$102	67
931 Hailey Ave	0.56mi	3/2.0	1,445 (+4%)	2mo	$141,000	$98	66
365 Hickory Dr	0.10mi	4/2.0 (+1)	1,595 (+14%)	2mo	$68,500	$43	65
156 Greencrest Dr	0.67mi	3/2.0	1,350 (-3%)	0mo	$130,000	$96	64
3637 Riviera Dr	0.33mi	3/2.0	1,200 (-14%)	2mo	$138,000	$115	60
2872 Slidell Ave	0.62mi	3/1.0	1,338 (-4%)	1mo	$139,000	$104	60
136 Palm Springs Dr	0.63mi	3/1.5	1,348 (-3%)	5mo	$170,000	$126	59
127 Whitehall Dr	0.47mi	4/2.0 (+1)	1,475 (+6%)	5mo	$145,000	$98	59
140 Greencrest Dr	0.69mi	3/2.0	1,480 (+6%)	1mo	$176,000	$119	56
3046 Slidell Ave	0.54mi	4/1.0 (+1)	1,253 (-10%)	4mo	$85,000	$68	45

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: -5.9%
• Equity multiple: 0.79×
• Total profit: $-9,483
• Equity at exit: $23,558

10-year hold

• IRR: 1.9%
• Equity multiple: 1.13×
• Total profit: $5,575
• Equity at exit: $13,661

Cash invested: $44,240 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,695 high
• Mortgage (P&I): −$829
• Tax from tax record: −$151 /mo · $1,809/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $293

Break-even live

Break-even rent $1,323

Max offer price $158,000

Occupancy floor 78%

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: $39,500
• Closing costs: $4,740
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3839 Oxford St Slidell, LA	3.0	2.0	1660	$1,700	$1.02	43d	1	0.18mi
3304 Bridge Dr Slidell, LA	3.0	2.0	1250	$1,700	$1.36	43d	1	0.43mi
172 South St Slidell, LA	4.0	2.0	1486	$1,800	$1.21	21d	1	0.47mi
3046 Slidell Ave Slidell, LA	4.0	1.0	1253	$1,850	$1.48	3d	1	0.54mi
3152 College St Slidell, LA	3.0	1.0	1373	$1,750	$1.27	43d	1	0.61mi
2864 Slidell Ave Slidell, LA	3.0	1.0	963	$1,395	$1.45	3d	1	0.62mi
102 Spartan Trace Blvd Slidell, LA	3.0	2.0	1516	$2,000	$1.32	23d	1	0.63mi
3159 Dee St Slidell, LA	3.0	1.0	898	$1,400	$1.56	43d	1	0.68mi
901 Old Spanish Trl Slidell, LA	2.0	1.5	1070	$1,120	$1.05	11d	1	0.69mi
301 Spartan Dr Slidell, LA	1.0–2.0	1.0–2.0	880	$1,502	$1.71	3d	8	0.72mi
519 Spartan Dr #9101 Slidell, LA	2.0	2.0	1304	$1,400	$1.07	23d	1	0.72mi
1640 Town Center Pkwy Slidell, LA	3.0	1.0–2.0	959	$1,895	$1.98	2d	46	1.46mi
1303 Town Center Pkwy Slidell, LA	3.0	1.0–2.0	990	$1,825	$1.84	2d	31	1.48mi

Listing history 15 events

1. 2026-06-18
   days on market $158,000 Active 241 DOM
2. 2026-06-17
   days on market $158,000 Active 240 DOM
3. 2026-06-16
   days on market $158,000 Active 239 DOM
4. 2026-06-15
   days on market $158,000 Active 238 DOM
5. 2026-06-13
   days on market $158,000 Active 236 DOM
6. 2026-06-10
   days on market $158,000 Active 233 DOM
7. 2026-06-09
   days on market $158,000 Active 232 DOM
8. 2026-06-08
   days on market $158,000 Active 231 DOM
9. 2026-06-07
   days on market $158,000 Active 230 DOM
10. 2026-06-03
    days on market $158,000 Active 226 DOM
11. 2026-06-02
    days on market $158,000 Active 225 DOM
12. 2026-06-01
    days on market $158,000 Active 224 DOM
13. 2026-05-31
    days on market $158,000 Active 223 DOM
14. 2025-10-20
    listed $158,000 Active 256-char remark

    Show marketing remark (256 chars)

    Cozy 3 bedroom, 2 bath with incredible open floor plan. Large kitchen with room for an island , stainless appliances and pantry. Covered back porch is great for entertaining. Spacious den with plenty of room. Succession property. Subject to court approval.

15. 2025-10-20
    listed $158,000 Active 256-char remark

    Show marketing remark (256 chars)

    Cozy 3 bedroom, 2 bath with incredible open floor plan. Large kitchen with room for an island , stainless appliances and pantry. Covered back porch is great for entertaining. Spacious den with plenty of room. Succession property. Subject to court approval.

ⓘ 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: $1,809 · $151/mo
• Projected year-2 tax: $1,809 · $151/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 9/10 Extreme 98% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 21 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: $20,334
• − Mortgage interest: −$8,850
• − Property taxes: −$1,809
• − Insurance: −$790
• − Repairs & maintenance: −$1,627
• − Management: −$1,627
• − Depreciation: −$4,596
• Taxable income: $1,035
• Est. tax owed @ 24.0%: −$248
• After-tax cash flow: $3,274/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

+0.0% since first listed

2 events — show timeline

• 2025-10-20 Listed $158,000 AcadianaMLS
• 2025-10-20 Listed $158,000 GSREIN

Property tax history

+7.0%/yr

Latest (2025): $1,809 · -6.2% YoY. Source: county tax records.