2501 Jay St · Slidell, LA 70460

$207,700

3 bd · 1.5 ba · 1,102 sqft · SingleFamily public records · 46 Days on market

Built 1981 $188/sqft · 36% above area Est $216k · at est.

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Why this score? — see what drove the D+ 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 +16.9/30.0
• ARV discount +9.2/15.0
• DSCR +5.3/10.0
• Schools +4.3/10.0
• Rent growth +4.0/5.0
• Livability +3.5/5.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GRANT Money & 100% financing and no PMI available for this home! Charming 3-bedroom home in Slidell situated on a spacious corner double lot, surrounded by mature oak trees and offering rear yard access. This fully fenced property combines comfort, functionality, and outdoor appeal. Inside, you're welcomed by a versatile formal living area that can easily serve as a dining space. The kitchen features freshly painted white cabinets, newer stainless steel appliances, a pantry, and a large butcher block bar countertop with seating for up to eight, plus room for a breakfast table. Enjoy peaceful backyard views right from the kitchen window. The adjacent living room is expansive and filled with natural light, offering a relaxing atmosphere with neutral tones throughout. Additional features include a laundry room with utility sink, a dedicated storage room, and a convenient linen closet. All bedrooms are generously sized and feature hard surface flooring throughout the home, no carpet! Step outside to a covered concrete patio overlooking a large backyard shaded by beautiful oak trees. The outdoor space also includes a built-in seating area with a fire pit, raised garden beds, and two storage sheds. And to top it all off, the versatile bonus building is ideal for a game room, workshop, office, or private retreat! Make your appointment today!!!

Key facts

• Corner double lot
• Rear yard access
• Built 1981

Tags

• CORNER DOUBLE LOT
• REAR YARD ACCESS
• FULLY FENCED PROPERTY
• BUTCHER BLOCK BAR COUNTERTOP
• LAUNDRY ROOM WITH UTILITY SINK
• DEDICATED STORAGE ROOM

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-story; Corner lot; Located outside city limits
• Construction: Brick and wood siding exterior; Shingle roof; Slab foundation; Built with excellent condition
• Exterior features: Fence; Covered concrete patio; Shed

Interior

• Kitchen: Dishwasher; Microwave; Oven
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: 6 total rooms; Excellent condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $208k.

Deal economics

• At list price, monthly cash flow is $137 ($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 $175k (15.6% below list).
• Recommended offer: $175k (15.6% below list) — sets the bar for 1% rule.

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: Henry Mayfield Elementary School (math 35% / reading 45%, grade F, #221 of 646 statewide, top 34%, 832 students, 60% FRL); Slidell Junior High School (math 25% / reading 47%, grade F, #84 of 218 statewide, top 41%, 823 students, 60% FRL); Slidell High School (math 34% / reading 41%, grade F, #93 of 265 statewide, top 36%, 1,883 students, 52% FRL) — zoned schools average 58% FRL vs 40% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.9%/yr); 246 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 46 days — a 3% lower offer ($201k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 17y 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 $117k; list at $208k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major 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 $175,295 (15.6% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 16% 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.84% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.82%
• DSCR: 1.13
• GRM: 9.9

CMA / ARV

• ARV (median comp): $216,030
• List price: $207,700
• Delta: -3.86%
• 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
2406 Bluebird St	0.24mi	3/2.0	1,218 (+10%)	0mo	$175,000	$144	69
2523 Bluebird St	0.21mi	3/2.0	1,222 (+11%)	2mo	$155,000	$127	68
2116 Jay St	0.44mi	3/2.0	1,170 (+6%)	3mo	$202,500	$173	65
100 Cedar Ridge Ct	0.45mi	3/2.0	1,166 (+6%)	4mo	$199,999	$172	64
2022 Mallard St	0.57mi	3/1.0	1,148 (+4%)	2mo	$165,000	$144	63
2120 Oriole St	0.42mi	2/1.0 (-1)	1,164 (+6%)	2mo	$153,000	$131	62
2030 Swan St	0.59mi	3/2.0	1,172 (+6%)	5mo	$150,000	$128	56
2218 Teal St	0.34mi	3/2.0	1,262 (+14%)	3mo	$142,000	$113	55
2111 Robin St	0.46mi	3/2.0	1,230 (+12%)	3mo	$215,000	$175	54
2010 Pelican St	0.62mi	3/2.0	1,226 (+11%)	3mo	$137,500	$112	47
2110 Mallard St	0.48mi	2/2.0 (-1)	1,266 (+15%)	1mo	$125,000	$99	45
2102 Oriole St	0.50mi	2/1.0 (-1)	950 (-14%)	2mo	$144,000	$152	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 · 5.91% rent growth · sell at horizon

5-year hold

• IRR: -9.0%
• Equity multiple: 0.66×
• Total profit: $-19,747
• Equity at exit: $30,969

10-year hold

• IRR: 3.6%
• Equity multiple: 1.29×
• Total profit: $16,676
• Equity at exit: $17,958

Cash invested: $58,156 (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: 9.9×

Monthly cashflow live

• Estimated rent: $1,753 medium
• Mortgage (P&I): −$1,089
• Tax from tax record: −$72 /mo · $867/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $137

Break-even live

Break-even rent $1,580

Max offer price $207,700

Occupancy floor 87%

Sensitivity live

Price	-10% $254	-5% $196	+0% $137	+5% $78	+10% $19
Rent	-10% $-2	-5% $68	+0% $137	+5% $206	+10% $275
Rate	-1.0pp $241	-0.5pp $190	base $137	+0.5pp $83	+1.0pp $28

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: $51,925
• Closing costs: $6,231
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2322 Mallard St Slidell, LA	3.0	2.0	1400	$1,600	$1.14	45d	1	0.19mi
2402 Pelican St Slidell, LA	3.0	2.0	1400	$1,700	$1.21	25d	1	0.22mi
2519 Crane St Slidell, LA	3.0	2.0	1160	$1,600	$1.38	25d	1	0.27mi

Listing history 37 events

1. 2026-06-21
   days on market $207,700 Active 46 DOM
2. 2026-06-18
   days on market $207,700 Active 43 DOM
3. 2026-06-17
   days on market $207,700 Active 42 DOM
4. 2026-06-16
   days on market $207,700 Active 41 DOM
5. 2026-06-15
   days on market $207,700 Active 40 DOM
6. 2026-06-13
   days on market $207,700 Active 38 DOM
7. 2026-06-10
   days on market $207,700 Active 35 DOM
8. 2026-06-09
   days on market $207,700 Active 34 DOM
9. 2026-06-08
   days on market $207,700 Active 33 DOM
10. 2026-06-07
    days on market $207,700 Active 32 DOM
11. 2026-06-03
    days on market $207,700 Active 28 DOM
12. 2026-06-02
    days on market $207,700 Active 27 DOM
13. 2026-06-01
    days on market $207,700 Active 26 DOM
14. 2026-05-31
    pricedays on market $207,700 Active 25 DOM
15. 2026-05-06
    listed $209,500 Active 1362-char remark

    Show marketing remark (1362 chars)

    GRANT Money & 100% financing and no PMI available for this home! Charming 3-bedroom home in Slidell situated on a spacious corner double lot, surrounded by mature oak trees and offering rear yard access. This fully fenced property combines comfort, functionality, and outdoor appeal. Inside, you're welcomed by a versatile formal living area that can easily serve as a dining space. The kitchen features freshly painted white cabinets, newer stainless steel appliances, a pantry, and a large butcher block bar countertop with seating for up to eight, plus room for a breakfast table. Enjoy peaceful backyard views right from the kitchen window. The adjacent living room is expansive and filled with natural light, offering a relaxing atmosphere with neutral tones throughout. Additional features include a laundry room with utility sink, a dedicated storage room, and a convenient linen closet. All bedrooms are generously sized and feature hard surface flooring throughout the home, no carpet! Step outside to a covered concrete patio overlooking a large backyard shaded by beautiful oak trees. The outdoor space also includes a built-in seating area with a fire pit, raised garden beds, and two storage sheds. And to top it all off, the versatile bonus building is ideal for a game room, workshop, office, or private retreat! Make your appointment today!!!

16. 2026-05-06
    listed $209,500 Active 1371-char remark

    Show marketing remark (1362 chars)

    GRANT Money & 100% financing and no PMI available for this home! Charming 3-bedroom home in Slidell situated on a spacious corner double lot, surrounded by mature oak trees and offering rear yard access. This fully fenced property combines comfort, functionality, and outdoor appeal. Inside, you're welcomed by a versatile formal living area that can easily serve as a dining space. The kitchen features freshly painted white cabinets, newer stainless steel appliances, a pantry, and a large butcher block bar countertop with seating for up to eight, plus room for a breakfast table. Enjoy peaceful backyard views right from the kitchen window. The adjacent living room is expansive and filled with natural light, offering a relaxing atmosphere with neutral tones throughout. Additional features include a laundry room with utility sink, a dedicated storage room, and a convenient linen closet. All bedrooms are generously sized and feature hard surface flooring throughout the home, no carpet! Step outside to a covered concrete patio overlooking a large backyard shaded by beautiful oak trees. The outdoor space also includes a built-in seating area with a fire pit, raised garden beds, and two storage sheds. And to top it all off, the versatile bonus building is ideal for a game room, workshop, office, or private retreat! Make your appointment today!!!

17. 2025-03-10
    price $207,000
18. 2025-03-10
    price $207,000
19. 2024-12-08
    price $208,000
20. 2024-12-08
    price $208,000
21. 2024-11-18
    listed $210,000 Active
22. 2020-04-27
    price $132,900
23. 2020-03-14
    price $134,000
24. 2020-02-21
    listed $132,900
25. 2017-09-06
    soldstatus $117,000 Sold
26. 2017-07-10
    historical Pending Continue to Show
27. 2017-07-06
    price $119,000
28. 2017-06-22
    price $122,000
29. 2017-06-07
    status Active
30. 2017-05-25
    historical Pending Continue to Show
31. 2017-04-08
    listed $125,000 Active
32. 2017-04-04
    listed $119,000
33. 2010-03-05
    soldstatus $93,700
34. 2010-01-15
    listed $100,000
35. 2010-01-15
    listed $100,000
36. 2009-04-20
    listed $129,900
37. 2009-04-20
    listed $129,900

ⓘ 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: $867 · $72/mo
• Projected year-2 tax: $1,142 · $95/mo
• Expected delta: +$275/yr (+$23/mo · 31.8%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X · 57% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 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: $21,035
• − Mortgage interest: −$11,634
• − Property taxes: −$867
• − Insurance: −$1,038
• − Repairs & maintenance: −$1,683
• − Management: −$1,683
• − Depreciation: −$6,042
• Taxable loss: −$1,912
• Est. tax savings @ 24.0%: +$459
• After-tax cash flow: $2,101/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

+59.9% since first listed

25 events — show timeline

• 2026-05-30 Price Changed $207,700 AcadianaMLS
• 2026-05-30 Price Changed $207,700 GSREIN
• 2026-05-06 Listed $209,500 GSREIN
• 2026-05-06 Listed $209,500 AcadianaMLS
• 2025-03-10 Price Changed $207,000 AcadianaMLS
• 2025-03-10 Price Changed $207,000 GSREIN
• 2024-12-08 Price Changed $208,000 AcadianaMLS
• 2024-12-08 Price Changed $208,000 GSREIN
• 2024-11-18 Listed $210,000 AcadianaMLS
• 2020-04-27 Price Changed $132,900 GSREIN
• 2020-03-14 Price Changed $134,000 GSREIN
• 2020-02-21 Listed $132,900 AcadianaMLS
• 2017-09-06 Sold (MLS) $117,000 GSREIN
• 2017-07-10 Contingent — GSREIN
• 2017-07-06 Price Changed $119,000 GSREIN
• 2017-06-22 Price Changed $122,000 GSREIN
• 2017-06-07 Relisted — GSREIN
• 2017-05-25 Contingent — GSREIN
• 2017-04-08 Listed $125,000 GSREIN
• 2017-04-04 Listed $119,000 AcadianaMLS
• 2010-03-05 Sold (MLS) $93,700 GSREIN
• 2010-01-15 Listed $100,000 GSREIN
• 2010-01-15 Listed $100,000 AcadianaMLS
• 2009-04-20 Listed $129,900 GSREIN
• 2009-04-20 Listed $129,900 AcadianaMLS

Property tax history

-5.0%/yr

Latest (2025): $867 · -3.8% YoY. Source: county tax records.