2107 Wellington Ln · Slidell, LA 70461

$220,000

4 bd · 2.5 ba · 2,550 sqft · SingleFamily public records · 42 Days on market

Built 1999 8,276 sqft lot $86/sqft · 22% below area Est $284k · 22% 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 +19.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +5.4/10.0
• 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

Spacious home situated on an oversized lot featuring 4 generously sized bedrooms plus a versatile bonus room that may serve as a 5th bedroom. Interior features include formal living and dining areas and a spacious open-concept den connected to the kitchen and breakfast area. Conveniently located just minutes from shopping, dining, and everyday amenities, with easy access to the interstate. Approximately 30 minutes to downtown New Orleans and 20 minutes to the Mississippi Gulf Coast. Property is being sold as-is and is subject to short sale approval by the lender.

Key facts

• 8,276 sq ft lot
• Garage
• Built 1999

Property features AI

Finance

• Other: Lot dimensions approximately 82' x 100' x 65' x 122' (about 0.19 acres); Subdivision: Springhill Of Kingspoint

Exterior

• Parking: Attached garage; 2 parking spaces
• Utilities: Public water; Public sewer; Cable connected
• Home design: Detached single-family home; Two stories
• Construction: Vinyl siding and brick exterior; Slab foundation; Composition roof; Built as a residential single-family home
• Exterior features: Patio; Fenced yard (other type)

Interior

• Kitchen: Range and oven; Dishwasher; Disposal; Microwave; Stainless steel appliances
• Flooring: Tile; Wood; Carpet; Ceramic tile; Vinyl
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Stainless steel appliances; Dishwasher; Built-in microwave; Disposal; Range and oven; Wood-burning fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $213k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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 (+1.7%/yr); 589 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).
• This rent runs 31% of the median local income ($89k/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 $2k of loan paydown is wiped out by about $7k 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 42 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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 $190k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• 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 $213,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.04% ✓
• Cap rate: 7.70%
• Cash-on-cash: 5.03%
• DSCR: 1.22
• GRM: 8.0

CMA / ARV

• ARV (median comp): $283,656
• List price: $220,000
• Delta: -22.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2133 Wellington Ln	0.15mi	4/2.5	2,296 (-10%)	10mo	$208,000	$91	68
1926 Brookter St	0.22mi	4/2.5	2,483 (-3%)	22mo	$265,000	$107	67
2013 Dylan Dr	0.11mi	3/2.0 (-1)	2,300 (-10%)	9mo	$258,000	$112	64
1608 Ellingsworth Dr	0.42mi	4/2.5	2,497 (-2%)	22mo	$305,000	$122	59
1637 Shylock Dr	0.63mi	3/2.5 (-1)	2,851 (+12%)	2mo	$240,000	$84	44

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: -11.9%
• Equity multiple: 0.57×
• Total profit: $-26,238
• Equity at exit: $32,803

10-year hold

• IRR: -4.8%
• Equity multiple: 0.70×
• Total profit: $-18,357
• Equity at exit: $19,022

Cash invested: $61,600 (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: 589
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,286 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$302 /mo · $3,627/yr
• Insurance: −$92
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $192

Break-even live

Break-even rent $2,043

Max offer price $220,000

Occupancy floor 87%

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Ellingsworth Dr Slidell, LA	4.0	2.0	1950	$2,000	$1.03	43d	1	0.66mi
39348 Mc Kendall Dr Slidell, LA	3.0	2.5	2510	$2,600	$1.04	2d	1	0.82mi
57479 Cedar Ave Slidell, LA	4.0	2.0	1950	$1,800	$0.92	23d	1	1.21mi

Listing history 23 events

1. 2026-06-18
   days on market $220,000 Active 42 DOM
2. 2026-06-17
   days on market $220,000 Active 41 DOM
3. 2026-06-16
   days on market $220,000 Active 40 DOM
4. 2026-06-15
   days on market $220,000 Active 39 DOM
5. 2026-06-13
   days on market $220,000 Active 37 DOM
6. 2026-06-10
   days on market $220,000 Active 34 DOM
7. 2026-06-09
   days on market $220,000 Active 33 DOM
8. 2026-06-08
   days on market $220,000 Active 32 DOM
9. 2026-06-07
   days on market $220,000 Active 31 DOM
10. 2026-06-03
    days on market $220,000 Active 27 DOM
11. 2026-06-02
    days on market $220,000 Active 26 DOM
12. 2026-06-01
    days on market $220,000 Active 25 DOM
13. 2026-05-31
    days on market $220,000 Active 24 DOM
14. 2026-05-07
    listed $220,000 Active 569-char remark

    Show marketing remark (569 chars)

    Spacious home situated on an oversized lot featuring 4 generously sized bedrooms plus a versatile bonus room that may serve as a 5th bedroom. Interior features include formal living and dining areas and a spacious open-concept den connected to the kitchen and breakfast area. Conveniently located just minutes from shopping, dining, and everyday amenities, with easy access to the interstate. Approximately 30 minutes to downtown New Orleans and 20 minutes to the Mississippi Gulf Coast. Property is being sold as-is and is subject to short sale approval by the lender.

15. 2026-05-07
    listed $220,000 Active 569-char remark

    Show marketing remark (569 chars)

    Spacious home situated on an oversized lot featuring 4 generously sized bedrooms plus a versatile bonus room that may serve as a 5th bedroom. Interior features include formal living and dining areas and a spacious open-concept den connected to the kitchen and breakfast area. Conveniently located just minutes from shopping, dining, and everyday amenities, with easy access to the interstate. Approximately 30 minutes to downtown New Orleans and 20 minutes to the Mississippi Gulf Coast. Property is being sold as-is and is subject to short sale approval by the lender.

16. 2023-10-02
    soldstatus $190,000
17. 2022-07-08
    soldstatus $251,500
18. 2022-07-06
    soldstatus $251,500 Closed

    Show marketing remark (489 chars)

    Great property in Springhill subdivision. This large home sits on an oversized lot. It features 4 large bedrooms plus a bonus room that could be a 5th bedroom. Roof and HVAC both only a year old. New carpeting and some fresh paint, tons of natural light, formal living & dinning room plus a large open concept den, kitchen & breakfast area. Minutes to shopping and restaurants and easy access to the freeway. 30 mins to downtown New Orleans and 20 minutes to the MS gulf coast.

19. 2022-05-23
    status Pending

    Show marketing remark (489 chars)

    Great property in Springhill subdivision. This large home sits on an oversized lot. It features 4 large bedrooms plus a bonus room that could be a 5th bedroom. Roof and HVAC both only a year old. New carpeting and some fresh paint, tons of natural light, formal living & dinning room plus a large open concept den, kitchen & breakfast area. Minutes to shopping and restaurants and easy access to the freeway. 30 mins to downtown New Orleans and 20 minutes to the MS gulf coast.

20. 2022-05-19
    listed $245,000 Active

    Show marketing remark (489 chars)

    Great property in Springhill subdivision. This large home sits on an oversized lot. It features 4 large bedrooms plus a bonus room that could be a 5th bedroom. Roof and HVAC both only a year old. New carpeting and some fresh paint, tons of natural light, formal living & dinning room plus a large open concept den, kitchen & breakfast area. Minutes to shopping and restaurants and easy access to the freeway. 30 mins to downtown New Orleans and 20 minutes to the MS gulf coast.

21. 2022-05-19
    listed $245,000

    Show marketing remark (489 chars)

    Great property in Springhill subdivision. This large home sits on an oversized lot. It features 4 large bedrooms plus a bonus room that could be a 5th bedroom. Roof and HVAC both only a year old. New carpeting and some fresh paint, tons of natural light, formal living & dinning room plus a large open concept den, kitchen & breakfast area. Minutes to shopping and restaurants and easy access to the freeway. 30 mins to downtown New Orleans and 20 minutes to the MS gulf coast.

22. 2005-03-04
    soldstatus $169,710
23. 2004-10-18
    soldstatus $27,000

ⓘ 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: $3,627 · $302/mo
• Projected year-2 tax: $3,627 · $302/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 FEMA zone X (shaded) · 99% 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: $27,434
• − Mortgage interest: −$12,323
• − Property taxes: −$3,627
• − Insurance: −$1,898
• − Repairs & maintenance: −$2,195
• − Management: −$2,195
• − Depreciation: −$6,400
• Taxable loss: −$1,204
• Est. tax savings @ 24.0%: +$289
• After-tax cash flow: $2,592/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

+714.8% since first listed

10 events — show timeline

• 2026-05-07 Listed $220,000 AcadianaMLS
• 2026-05-07 Listed $220,000 GBRMLS
• 2023-10-02 Sold (Public Records) $190,000 Public Records
• 2022-07-08 Sold (Public Records) $251,500 Public Records
• 2022-07-06 Sold (MLS) — GSREIN
• 2022-05-23 Pending — GSREIN
• 2022-05-19 Listed $245,000 AcadianaMLS
• 2022-05-19 Listed $245,000 GSREIN
• 2005-03-04 Sold (Public Records) $169,710 Public Records
• 2004-10-18 Sold (Public Records) $27,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $3,627 · -3.7% YoY. Source: county tax records.