317 Somerset Dr · Slidell, LA 70461

$175,000

3 bd · 2.0 ba · 1,364 sqft · SingleFamily public records · 49 Days on market

Built 1979 $128/sqft · 16% below area Est $205k · 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 +20.8/30.0
• ARV discount +14.1/15.0
• DSCR +6.6/10.0
• 1% rule +5.0/10.0
• 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

Welcome to 317 Somerset Drive in Slidell's Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

Key facts

• Spacious backyard
• Granite countertops
• Bar seating

Tags

• SPACIOUS BACKYARD
• PAINTED BRICK FIREPLACE
• WHITE CABINETRY
• GRANITE COUNTERTOPS
• TILE BACKSPLASH
• BAR SEATING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $241 ($3k/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 (0.0% below list).
• Recommended offer: $170k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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.
• Market conditions: Rents rising (+1.7%/yr); 594 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 49 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 10y 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 $118k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major 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 $169,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.00% ✗
• Cap rate: 7.95%
• Cash-on-cash: 5.91%
• DSCR: 1.26
• GRM: 8.3

CMA / ARV

• ARV (median comp): $204,851
• List price: $175,000
• Delta: -14.57%
• 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
323 Almond Creek Rd	0.06mi	3/2.0	1,326 (-3%)	4mo	$89,980	$68	90
57274 Cedar Ave	0.36mi	3/2.0	1,328 (-3%)	6mo	$179,900	$135	74
2029 Wellington Ln	0.55mi	3/2.0	1,350 (-1%)	1mo	$155,000	$115	72
105 Foxcroft Dr	0.39mi	3/2.0	1,430 (+5%)	3mo	$179,000	$125	71
57453 Cedar Ave	0.58mi	3/2.0	1,371 (+0%)	3mo	$232,500	$170	70
314 Brookhaven Ct	0.19mi	4/2.0 (+1)	1,505 (+10%)	2mo	$239,000	$159	67
525 Panther Dr	0.59mi	3/2.0	1,405 (+3%)	3mo	$189,000	$135	65
57360 Cedar Ave	0.44mi	3/2.0	1,231 (-10%)	1mo	$185,900	$151	62
57343 Lillian Dr	0.68mi	3/2.0	1,318 (-3%)	1mo	$190,000	$144	62
696 Voters Rd	0.38mi	3/2.0	1,549 (+14%)	3mo	$250,000	$161	57
577 Panther Dr	0.66mi	3/2.0	1,483 (+9%)	3mo	$150,000	$101	52
1409 Kings Row	0.69mi	3/2.0	1,510 (+11%)	2mo	$132,000	$87	49

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 · 1.72% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.69×
• Total profit: $-15,235
• Equity at exit: $26,093

10-year hold

• IRR: -0.8%
• Equity multiple: 0.95×
• Total profit: $-2,446
• Equity at exit: $15,131

Cash invested: $49,000 (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 70461

• Home prices YoY: -33.0%
• Rents YoY: 1.7%
• Active inventory: 594
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,750 high
• Mortgage (P&I): −$918
• Tax from tax record: −$150 /mo · $1,803/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $241

Break-even live

Break-even rent $1,444

Max offer price $175,000

Occupancy floor 81%

Sensitivity live

Price	-10% $340	-5% $291	+0% $241	+5% $192	+10% $142
Rent	-10% $103	-5% $172	+0% $241	+5% $310	+10% $379
Rate	-1.0pp $329	-0.5pp $286	base $241	+0.5pp $196	+1.0pp $150

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
128 Foxbriar Ct Slidell, LA	3.0	2.0	1395	$1,650	$1.18	44d	1	0.25mi
310 Foxcroft Dr Slidell, LA	4.0	2.0	1535	$1,950	$1.27	24d	1	0.31mi
57346 Maple Ave Slidell, LA	3.0	2.5	1550	$1,500	$0.97	44d	1	0.36mi
57389 Brookter Rd Slidell, LA	2.0	1.0	971	$1,200	$1.24	20d	1	0.40mi
1918 Hempstead Dr Unit NA Slidell, LA	4.0	2.0	1615	$1,750	$1.08	24d	1	0.43mi
57376 Beech Ave Slidell, LA	2.0	1.5	1004	$1,350	$1.34	15d	1	0.50mi
57376 Beech Ave Slidell, LA	2.0	1.5	1000	$1,350	$1.35	18d	1	0.50mi
1805 Brookter St Slidell, LA	3.0	2.0	1027	$1,650	$1.61	4d	1	0.51mi
1402 Shakespeare Ct Slidell, LA	4.0	2.0	1347	$1,725	$1.28	44d	1	0.57mi
221 Bella Sera Ln Slidell, LA	3.0	2.0	1028	$1,525	$1.48	12d	1	0.61mi
2012 Dylan Dr Slidell, LA	3.0	2.0	1700	$1,950	$1.15	24d	1	0.67mi
577 Panther Dr Slidell, LA	3.0	2.0	1483	$1,850	$1.25	4d	1	0.69mi
1000 Clairise Ct Slidell, LA	3.0	2.0	1319	$1,900	$1.44	44d	1	0.74mi
1640 Town Center Pkwy Slidell, LA	3.0	1.0–2.0	959	$1,895	$1.98	3d	46	0.87mi
1303 Town Center Pkwy Slidell, LA	3.0	1.0–2.0	990	$1,825	$1.84	3d	31	0.96mi
2009 Beth Dr Slidell, LA	3.0	2.0	1500	$1,750	$1.17	4d	1	1.12mi
1733 Mary Dr Slidell, LA	3.0	2.0	1349	$1,650	$1.22	44d	1	1.27mi
1731 Mary Dr Slidell, LA	3.0	2.0	1200	$1,650	$1.38	4d	1	1.28mi

Listing history 17 events

1. 2026-05-04
   status Pending 996-char remark

   Show marketing remark (1002 chars)

   Welcome to 317 Somerset Drive in Slidell’s Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

2. 2026-05-04
   status Pending 1002-char remark

   Show marketing remark (1002 chars)

   Welcome to 317 Somerset Drive in Slidell’s Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

3. 2026-03-31
   status Active 996-char remark

   Show marketing remark (1002 chars)

   Welcome to 317 Somerset Drive in Slidell’s Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

4. 2026-03-31
   status Active 1002-char remark

   Show marketing remark (1002 chars)

   Welcome to 317 Somerset Drive in Slidell’s Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

5. 2026-03-23
   status Pending 996-char remark

   Show marketing remark (1002 chars)

   Welcome to 317 Somerset Drive in Slidell’s Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

6. 2026-03-23
   status Pending 1002-char remark

   Show marketing remark (1002 chars)

   Welcome to 317 Somerset Drive in Slidell’s Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

7. 2026-03-07
   listed $175,000 Active 996-char remark

   Show marketing remark (1002 chars)

   Welcome to 317 Somerset Drive in Slidell’s Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

8. 2026-03-07
   listed $175,000 Active 1002-char remark

   Show marketing remark (1002 chars)

   Welcome to 317 Somerset Drive in Slidell’s Kingspoint subdivision! This 3-bedroom, 2-bath home offers a comfortable layout with updated finishes and a spacious backyard for everyday living. The living room features vaulted ceilings with exposed beams, wood-look flooring, and a painted brick fireplace that creates a warm focal point. The space flows into the dining area, where large windows bring in natural light and a glass door provides access to the backyard. The kitchen includes white cabinetry, granite countertops, a tile backsplash, and a peninsula with bar seating for casual dining and additional workspace. The primary bedroom features vaulted ceilings and wood-look flooring, along with an en suite bathroom offering a modern vanity and walk-in shower. Secondary bedrooms include updated flooring, ceiling fans, and natural light, while the additional bathroom offers a tub and shower combination. The fenced backyard provides open green space. Schedule your private showing today!

9. 2024-06-19
   historical $1,700
10. 2024-05-20
    listed $1,700
11. 2016-07-01
    soldstatus $117,500
12. 2016-06-30
    soldstatus $117,500 Sold
13. 2016-05-12
    historical Pending Continue to Show
14. 2016-05-02
    status Active
15. 2016-04-28
    historical
16. 2016-04-05
    listed $118,000 Active
17. 2016-04-04
    listed $118,000

ⓘ 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: $1,803 · $150/mo
• Projected year-2 tax: $1,803 · $150/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 6/10 Major FEMA zone X · 72% 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: $20,994
• − Mortgage interest: −$9,803
• − Property taxes: −$1,803
• − Insurance: −$875
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$5,091
• Taxable income: $63
• Est. tax owed @ 24.0%: −$15
• After-tax cash flow: $2,879/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): 34,808
• Household income: $89,003
• Rent vs Own: 23.1% rent · 76.9% own
• Severe rent burden: 328.0

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 0.63)
• Race & ethnicity: White 55% Black 24% Two or more races 14% Hispanic / Latino 11% Asian 3%
• Common ancestry: Lithuanian 9% Italian 1% Romanian 1%
• Foreign-born: 8% · Canada, China, Vietnam
• Languages at home: 89% English-only · Spanish 7% Chinese 1% 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: ▼ -74.47%
• Current HPI: 151.3353
• Rent YoY: ▲ 1.72%
• 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

+48.3% since first listed

17 events — show timeline

• 2026-05-04 Pending — AcadianaMLS
• 2026-05-04 Pending — GSREIN
• 2026-03-31 Relisted — AcadianaMLS
• 2026-03-31 Relisted — GSREIN
• 2026-03-23 Pending — AcadianaMLS
• 2026-03-23 Pending — GSREIN
• 2026-03-07 Listed $175,000 GSREIN
• 2026-03-07 Listed $175,000 AcadianaMLS
• 2024-06-19 Rental Removed $1,700 TURBOTENANT
• 2024-05-20 Listed for Rent $1,700 TURBOTENANT
• 2016-07-01 Sold (Public Records) $117,500 Public Records
• 2016-06-30 Sold (MLS) $117,500 GSREIN
• 2016-05-12 Contingent — GSREIN
• 2016-05-02 Relisted — GSREIN
• 2016-04-28 Listing Removed — GSREIN
• 2016-04-05 Listed $118,000 GSREIN
• 2016-04-04 Listed $118,000 AcadianaMLS

Property tax history

+1.8%/yr

Latest (2025): $1,803 · +101.5% YoY. Source: county tax records.