229 S Queens Dr · Slidell, LA 70458

$185,000

4 bd · 2.0 ba · 1,434 sqft · SingleFamily public records · 30 Days on market

Built 1978 Est $174k · 7% 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 +25.0/30.0
• DSCR +8.1/10.0
• 1% rule +5.4/10.0
• ARV discount +4.5/15.0
• 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

This newly renovated 4-bedroom, 2-bath home is located on a cul-de-sac in North Forest Subdivision and offers a functional floor plan with spacious bedrooms and no carpet throughout. The living room features a cathedral ceiling, cozy wood-burning fireplace, and plenty of natural light from the large windows in the den area. The kitchen offers great workspace along with a separate breakfast area. A versatile flex space provides the option for a 4th bedroom, office, sitting room, or dressing area. Enjoy the covered back patio overlooking the large backyard with a new privacy fence only 2 yrs old. Side yard access allows space for a small RV, boat, or trailer. Additionally, this home features a 3-year-old roof and low assumable flood insurance($781 a yr), offering added value and peace of mind to this beautifully updated home.

Key facts

• No carpet
• Natural light
• Cathedral ceiling

Tags

• CUL-DE-SAC
• FUNCTIONAL FLOOR PLAN
• NO CARPET
• CATHEDRAL CEILING
• WOOD-BURNING FIREPLACE
• NATURAL LIGHT

Property features AI

Exterior

• Parking: Driveway; Garage; Three or more parking spaces; Boat parking; RV access/parking
• Utilities: Public water; Public sewer
• Home design: Single-story; Brick construction; Shingle roof; Built on a slab foundation; Property in very good condition; Lot on a cul-de-sac; Outside city limits; Rectangular lot (approx. dimensions 70x119x78x97)
• Construction: Brick construction; Shingle roof; Slab foundation
• Exterior features: Fenced yard; Porch; Concrete covered porch

Interior

• Kitchen: Dishwasher; Oven; Range
• Bedrooms: Total rooms: 11
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Cathedral ceilings; High ceilings; Vaulted ceilings; Wood-burning fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-25 ($-304/yr) — negative.
• To cash-flow at today's rent, offer at most $181k (2.4% below list).
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $181k (2.4% below list) — sets the bar for cash-flow.
• Cap rate 8.9% 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.
• Zoned schools: Whispering Forest Elementary School (math 67% / reading 57%, grade B, #50 of 646 statewide, top 9%, 560 students, 50% FRL); Clearwood Junior High School (math 30% / reading 42%, grade F, #84 of 218 statewide, top 41%, 699 students, 53% FRL); Northshore High School (math 53% / reading 61%, grade C, #25 of 265 statewide, top 9%, 1,681 students, 32% FRL).
• Market conditions: Rents rising (+1.5%/yr); 489 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 46d 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 32% of the median local income ($73k/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 30 days — a 2% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 24y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $78k; list at $185k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $180,525 (2.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.04% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.29%
• DSCR: 1.41
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $173,514
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 W Queens Dr	0.06mi	4/2.0	1,476 (+3%)	6mo	$99,000	$67	87
122 W Queens Dr	0.14mi	4/2.0	1,498 (+4%)	12mo	$167,500	$112	76
214 S Queens Dr	0.09mi	3/2.0 (-1)	1,380 (-4%)	12mo	$167,500	$121	74
113 Rooks Dr	0.16mi	3/2.0 (-1)	1,564 (+9%)	1mo	$161,700	$103	72
105 Chess Dr	0.24mi	4/2.0	1,550 (+8%)	10mo	$188,000	$121	67
507 Driftwood Cir	0.44mi	3/2.0 (-1)	1,540 (+7%)	3mo	$95,000	$62	60
208 N Queens Dr	0.39mi	3/2.0 (-1)	1,570 (+10%)	2mo	$199,900	$127	59
112 Castle Dr	0.36mi	3/2.0 (-1)	1,323 (-8%)	10mo	$195,000	$147	57
344 Huntington Dr	0.59mi	3/2.0 (-1)	1,603 (+12%)	3mo	$200,000	$125	45
130 North Blvd	0.72mi	4/2.0	1,614 (+13%)	1mo	$239,900	$149	45
206 Brian Dr	0.74mi	3/2.0 (-1)	1,561 (+9%)	2mo	$170,000	$109	44
120 North Blvd	0.73mi	3/2.0 (-1)	1,600 (+12%)	11mo	$240,000	$150	33

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: -19.2%
• Equity multiple: 0.34×
• Total profit: $-34,315
• Equity at exit: $27,584

10-year hold

• IRR: -16.0%
• Equity multiple: 0.17×
• Total profit: $-42,780
• Equity at exit: $15,995

Cash invested: $51,800 (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 70458

• Rents YoY: 1.5%
• Active inventory: 489
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,923 high
• Mortgage (P&I): −$970
• Tax from tax record: −$71 /mo · $851/yr
• Insurance: −$77
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $-25

Break-even live

Break-even rent $1,955

Max offer price $180,525

Occupancy floor 96%

Sensitivity live

Price	-10% $79	-5% $27	+0% $-25	+5% $-78	+10% $-130
Rent	-10% $-177	-5% $-101	+0% $-25	+5% $51	+10% $127
Rate	-1.0pp $68	-0.5pp $22	base $-25	+0.5pp $-73	+1.0pp $-122

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 S Queens Dr Slidell, LA	4.0	2.0	1476	$1,800	$1.22	5d	1	0.20mi
100 Firwood Dr Slidell, LA	4.0	2.0	1649	$1,900	$1.15	45d	1	0.76mi
557 Claiborne Trails Dr Slidell, LA	3.0	2.0	1690	$2,300	$1.36	45d	1	0.81mi
641 Haaswood Ln Slidell, LA	3.0	2.0	1721	$2,400	$1.39	45d	1	0.83mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	5d	1	1.00mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	5d	1	1.00mi
107 Dixie Cir Slidell, LA	3.0	2.0	1609	$1,900	$1.18	45d	1	1.02mi
108 Ellwood Cir Slidell, LA	4.0	2.0	1517	$1,800	$1.19	5d	1	1.09mi
106 Kempsey Ct Slidell, LA	3.0	2.0	1650	$1,600	$0.97	23d	1	1.14mi
114 Meredith Dr Slidell, LA	3.0	2.0	1531	$1,650	$1.08	45d	1	1.14mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	25d	1	1.17mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	45d	1	1.17mi
357 Mansfield Dr Slidell, LA	3.0	2.0	1400	$2,200	$1.57	45d	1	1.18mi
221 Martin Ln Slidell, LA	3.0	1.5	1353	$1,800	$1.33	25d	1	1.39mi

Listing history 30 events

1. 2026-06-21
   pricedays on market $185,000 Active 30 DOM
2. 2026-06-18
   days on market $189,000 Active 27 DOM
3. 2026-06-17
   days on market $189,000 Active 26 DOM
4. 2026-06-16
   days on market $189,000 Active 25 DOM
5. 2026-06-15
   days on market $189,000 Active 24 DOM
6. 2026-06-13
   days on market $189,000 Active 22 DOM
7. 2026-06-10
   days on market $189,000 Active 19 DOM
8. 2026-06-09
   days on market $189,000 Active 18 DOM
9. 2026-06-08
   days on market $189,000 Active 17 DOM
10. 2026-06-07
    pricedays on market $189,000 Active 16 DOM
11. 2026-06-03
    days on market $195,000 Active 12 DOM
12. 2026-06-02
    days on market $195,000 Active 11 DOM
13. 2026-06-01
    days on market $195,000 Active 10 DOM
14. 2026-05-31
    days on market $195,000 Active 9 DOM
15. 2026-05-22
    listed $195,000 Active 823-char remark

    Show marketing remark (835 chars)

    This newly renovated 4-bedroom, 2-bath home is located on a cul-de-sac in North Forest Subdivision and offers a functional floor plan with spacious bedrooms and no carpet throughout. The living room features a cathedral ceiling, cozy wood-burning fireplace, and plenty of natural light from the large windows in the den area. The kitchen offers great workspace along with a separate breakfast area. A versatile flex space provides the option for a 4th bedroom, office, sitting room, or dressing area. Enjoy the covered back patio overlooking the large backyard with a new privacy fence only 2 yrs old. Side yard access allows space for a small RV, boat, or trailer. Additionally, this home features a 3-year-old roof and low assumable flood insurance($781 a yr), offering added value and peace of mind to this beautifully updated home.

16. 2026-05-22
    listed $195,000 Active

    Show marketing remark (835 chars)

    This newly renovated 4-bedroom, 2-bath home is located on a cul-de-sac in North Forest Subdivision and offers a functional floor plan with spacious bedrooms and no carpet throughout. The living room features a cathedral ceiling, cozy wood-burning fireplace, and plenty of natural light from the large windows in the den area. The kitchen offers great workspace along with a separate breakfast area. A versatile flex space provides the option for a 4th bedroom, office, sitting room, or dressing area. Enjoy the covered back patio overlooking the large backyard with a new privacy fence only 2 yrs old. Side yard access allows space for a small RV, boat, or trailer. Additionally, this home features a 3-year-old roof and low assumable flood insurance($781 a yr), offering added value and peace of mind to this beautifully updated home.

17. 2026-03-27
    historical $1,850
18. 2026-02-19
    listed $1,850
19. 2025-02-28
    historical $1,850
20. 2025-02-15
    price $1,850
21. 2025-01-23
    price $1,900
22. 2025-01-11
    listed $2,100
23. 2014-08-06
    soldstatus $77,659
24. 2014-08-05
    soldstatus $77,659 397-char remark

    Show marketing remark (397 chars)

    Best Space Efficient Floor plan in the area! Spacious with Lots of Natural light. All brick, double garage, carport, rear yard access, fire place, Dinning room, Foyer with coat closet, Large back yard. OUCH Needs Flooring through out. Needs dishwasher. NEEDS YOU! Some of that a little of this & presto your Home! Come dream & MAKE a OFFER. Easy Come by & call for a appointment.

25. 2014-02-15
    listed $75,000 397-char remark

    Show marketing remark (397 chars)

    Best Space Efficient Floor plan in the area! Spacious with Lots of Natural light. All brick, double garage, carport, rear yard access, fire place, Dinning room, Foyer with coat closet, Large back yard. OUCH Needs Flooring through out. Needs dishwasher. NEEDS YOU! Some of that a little of this & presto your Home! Come dream & MAKE a OFFER. Easy Come by & call for a appointment.

26. 2014-02-15
    listed $75,000

    Show marketing remark (397 chars)

    Best Space Efficient Floor plan in the area! Spacious with Lots of Natural light. All brick, double garage, carport, rear yard access, fire place, Dinning room, Foyer with coat closet, Large back yard. OUCH Needs Flooring through out. Needs dishwasher. NEEDS YOU! Some of that a little of this & presto your Home! Come dream & MAKE a OFFER. Easy Come by & call for a appointment.

27. 2003-02-24
    soldstatus $79,500
28. 2003-02-19
    soldstatus $79,500
29. 2002-09-07
    listed $84,900
30. 2002-09-07
    listed $84,900

ⓘ 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: $851 · $71/mo
• Projected year-2 tax: $1,017 · $85/mo
• Expected delta: +$167/yr (+$14/mo · 19.6%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone AE · 73% 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 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: $23,079
• − Mortgage interest: −$10,363
• − Property taxes: −$851
• − Insurance: −$6,044
• − Repairs & maintenance: −$1,846
• − Management: −$1,846
• − Depreciation: −$5,382
• Taxable loss: −$3,253
• Est. tax savings @ 24.0%: +$781
• After-tax cash flow: $477/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): 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

+117.9% since first listed

20 events — show timeline

• 2026-06-19 Price Changed $185,000 AcadianaMLS
• 2026-06-19 Price Changed $185,000 GSREIN
• 2026-06-04 Price Changed $189,000 AcadianaMLS
• 2026-06-04 Price Changed $189,000 GSREIN
• 2026-05-22 Listed $195,000 GSREIN
• 2026-05-22 Listed $195,000 AcadianaMLS
• 2026-03-27 Rental Removed $1,850 GSREIN
• 2026-02-19 Listed for Rent $1,850 GSREIN
• 2025-02-28 Rental Removed $1,850 GSREIN
• 2025-02-15 Price Changed $1,850 GSREIN
• 2025-01-23 Price Changed $1,900 GSREIN
• 2025-01-11 Listed for Rent $2,100 GSREIN
• 2014-08-06 Sold (Public Records) $77,659 Public Records
• 2014-08-05 Sold (MLS) $77,659 GSREIN
• 2014-02-15 Listed $75,000 AcadianaMLS
• 2014-02-15 Listed $75,000 GSREIN
• 2003-02-24 Sold (Public Records) $79,500 Public Records
• 2003-02-19 Sold (MLS) $79,500 GSREIN
• 2002-09-07 Listed $84,900 GSREIN
• 2002-09-07 Listed $84,900 AcadianaMLS

Property tax history

-3.4%/yr

Latest (2025): $851 · -3.8% YoY. Source: county tax records.