Baldwin Plan · Slidell, LA 70461

$236,900

3 bd · 2.0 ba · 1,405 sqft · SingleFamily · 793 Days on market

Good condition ↓ 1% since listing

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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 +9.2/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• 1% rule +2.8/10.0
• DSCR +2.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Baldwin, a charming single-story home in the heart of Lakeshore Villages, a vibrant new community in Slidell, Louisiana. With three distinct exterior elevations to choose from, the Baldwin offers curb appeal and character that fits your personal style. Inside, this 3-bedroom, 2-bathroom home offers 1,405 square feet of functional and inviting living space. As you enter, two secondary bedrooms and a full guest bath are conveniently located near the front of the home-perfect for guests, kids, or a home office. A short hallway leads to the third bedroom, with easy access to the HVAC system and a linen closet for added storage. At the heart of the Baldwin is a bright, open-concept living area. The kitchen features shaker-style cabinetry, 3 cm granite countertops, a gooseneck pulldown faucet, and stainless steel Frigidaire appliances, including a gas range, microwave, and dishwasher. A large corner pantry and separate laundry room enhance everyday convenience. The dining area sits just off the kitchen, flowing seamlessly into the spacious living room-a layout designed for connection, comfort, and easy entertaining. Each bedroom includes plush carpeting and a generous closet, offering flexible space for relaxation, hobbies, or guests. Tucked at the rear of the home, the private primary suite is your personal retreat. The en suite bathroom features a dual vanity, tub/shower combo, walk-in closet, separate linen storage, and a private water closet. Whether you're

Key facts

• 2 garage spots
• Listed 793 days

🏗️ New construction. The $236,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $249,984.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $237k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-189 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $223k (6.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (17.8% below list).
• Recommended offer: $195k (17.8% 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.
• Market conditions: Rents rising (+1.7%/yr); 589 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $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 793 days — a 12% lower offer ($208k) is reasonable based on typical stale-listing flexibility.

Recommended offer $194,699 (17.8% 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. It's been on market 793 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
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. 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?
7. 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.
8. 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.
9. 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: 0.78% ✗
• Cap rate: 5.38%
• Cash-on-cash: -3.25%
• DSCR: 0.86
• GRM: 10.7

CMA / ARV

• ARV (median comp): $249,984
• List price: $236,900
• Delta: -5.23%
• 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
5481 Fornea Glen Way	0.06mi	3/2.0	1,405 (0%)	1mo	$224,900	$160	96
5429 Fornea Glen Way	0.06mi	3/2.0	1,405 (0%)	2mo	$236,900	$169	96
5473 Fornea Glen Way	0.06mi	3/2.0	1,405 (0%)	4mo	$225,990	$161	94
5465 Fornea Glen Way	0.06mi	3/2.0	1,405 (0%)	6mo	$224,900	$160	92
5441 Fornea Glen Way	0.06mi	4/2.0 (+1)	1,612 (+15%)	1mo	$249,900	$155	67
5472 Fornea Glen Way	0.06mi	4/2.0 (+1)	1,612 (+15%)	2mo	$256,005	$159	66
5460 Fornea Glen Way	0.06mi	4/2.0 (+1)	1,612 (+15%)	4mo	$244,900	$152	64
5468 Fornea Glen Way	0.06mi	4/2.0 (+1)	1,612 (+15%)	5mo	$243,900	$151	64
4778 Cotton Grass Dr	0.71mi	4/2.0 (+1)	1,425 (+1%)	1mo	$216,900	$152	59
5149 Clarkston Grove Dr	0.51mi	3/2.0	1,613 (+15%)	6mo	$214,000	$133	47
3381 Bellwick Bay Dr	0.67mi	4/2.0 (+1)	1,610 (+15%)	2mo	$239,900	$149	38
3435 Tide Wind Dr	0.74mi	4/2.0 (+1)	1,585 (+13%)	4mo	$235,000	$148	36

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: -23.2%
• Equity multiple: 0.21×
• Total profit: $-55,022
• Equity at exit: $37,273

10-year hold

• IRR: -21.4%
• Equity multiple: -0.05×
• Total profit: $-73,233
• Equity at exit: $21,614

Cash invested: $69,996 (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: 10.1×

Monthly cashflow live

• Estimated rent: $1,947 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $-189

Break-even live

Break-even rent $2,187

Max offer price $222,569

Occupancy floor —

Sensitivity live

Price	-10% $-17	-5% $-103	+0% $-189	+5% $-276	+10% $-362
Rent	-10% $-343	-5% $-266	+0% $-189	+5% $-113	+10% $-36
Rate	-1.0pp $-64	-0.5pp $-126	base $-189	+0.5pp $-254	+1.0pp $-320

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: $62,496
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3604 Spruce Key Ln Slidell, LA	3.0–4.0	2.0	1539	$2,150	$1.40	45d	1	0.52mi
3604 Spruce Key Ln Slidell, LA	3.0–4.0	2.0	1586	$2,195	$1.38	2d	14	0.52mi
3616 Spruce Key Ln Slidell, LA	3.0	2.0	1635	$2,395	$1.46	2d	1	0.54mi
5579 Grand Springs Rd Slidell, LA	4.0	2.0	1867	$2,200	$1.18	44d	1	0.59mi
7535 1st Lake Dr Slidell, LA	3.0	2.0	1564	$2,195	$1.40	18d	1	0.69mi
301 Lakeshore Blvd N Slidell, LA	1.0–4.0	1.0–2.0	1134	$1,499	$1.32	2d	1	0.74mi
5265 Summer Pecan Rd Slidell, LA	4.0	2.0	1647	$2,300	$1.40	3d	1	0.80mi
200 Long St Slidell, LA	2.0–4.0	2.0	1112	$1,373	$1.23	2d	1	0.87mi
713 Lakeshore Vlg E Slidell, LA	3.0	2.0	1563	$2,100	$1.34	44d	1	0.88mi
3500 Oak Harbor Blvd Slidell, LA	1.0–2.0	1.0–2.0	880	$1,385	$1.57	2d	9	0.94mi
408 Lakeshore Vlg E Slidell, LA	3.0	2.0	1785	$2,395	$1.34	12d	1	1.05mi
3900 Lakeshore Blvd E Unit 233 Slidell, LA	2.0	2.0	1219	$1,690	$1.39	17d	1	1.11mi
3900 Lakeshore Blvd E Slidell, LA	2.0	2.0	1219	$1,755	$1.44	3d	2	1.14mi
3900 Lakeshore Blvd E #125 Slidell, LA	2.0	2.0	1219	$1,670	$1.37	44d	1	1.14mi
3900 Lakeshore Blvd E Slidell, LA	2.0	2.0	1219	$1,755	$1.44	2d	1	1.14mi
100 Marina Dr Unit 100 Slidell, LA	3.0	3.0	1850	$1,925	$1.04	4d	1	1.26mi
224 Marina Dr Slidell, LA	2.0	1.5	1287	$1,400	$1.09	44d	1	1.26mi
232 Marina Dr Slidell, LA	2.0	1.5	1250	$1,500	$1.20	44d	1	1.26mi
152 Marina Dr Slidell, LA	2.0	2.0	1250	$1,400	$1.12	21d	1	1.27mi
820 Marina Dr #304 Slidell, LA	2.0	2.0	1100	$1,450	$1.32	24d	1	1.39mi
870 Marina Dr Unit B Slidell, LA	3.0	2.5	1700	$2,000	$1.18	44d	1	1.41mi
870 Marina Dr Unit A Slidell, LA	3.0	2.5	1600	$1,950	$1.22	4d	1	1.42mi
519 Spartan Dr #9101 Slidell, LA	2.0	2.0	1304	$1,400	$1.07	24d	1	1.46mi

Listing history 16 events

1. 2026-06-18
   days on market $236,900 Active 793 DOM
2. 2026-06-17
   days on market $236,900 Active 792 DOM
3. 2026-06-16
   days on market $236,900 Active 791 DOM
4. 2026-06-15
   days on market $236,900 Active 790 DOM
5. 2026-06-13
   days on market $236,900 Active 788 DOM
6. 2026-06-10
   days on market $236,900 Active 785 DOM
7. 2026-06-09
   days on market $236,900 Active 784 DOM
8. 2026-06-08
   days on market $236,900 Active 783 DOM
9. 2026-06-07
   days on market $236,900 Active 782 DOM
10. 2026-06-03
    days on market $236,900 Active 778 DOM
11. 2026-06-02
    days on market $236,900 Active 777 DOM
12. 2026-06-01
    days on market $236,900 Active 776 DOM
13. 2026-05-31
    days on market $236,900 Active 775 DOM
14. 2025-09-13
    price $236,900 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Baldwin, a charming single-story home in the heart of Lakeshore Villages, a vibrant new community in Slidell, Louisiana. With three distinct exterior elevations to choose from, the Baldwin offers curb appeal and character that fits your personal style. Inside, this 3-bedroom, 2-bathroom home offers 1,405 square feet of functional and inviting living space. As you enter, two secondary bedrooms and a full guest bath are conveniently located near the front of the home-perfect for guests, kids, or a home office. A short hallway leads to the third bedroom, with easy access to the HVAC system and a linen closet for added storage. At the heart of the Baldwin is a bright, open-concept living area. The kitchen features shaker-style cabinetry, 3 cm granite countertops, a gooseneck pulldown faucet, and stainless steel Frigidaire appliances, including a gas range, microwave, and dishwasher. A large corner pantry and separate laundry room enhance everyday convenience. The dining area sits just off the kitchen, flowing seamlessly into the spacious living room-a layout designed for connection, comfort, and easy entertaining. Each bedroom includes plush carpeting and a generous closet, offering flexible space for relaxation, hobbies, or guests. Tucked at the rear of the home, the private primary suite is your personal retreat. The en suite bathroom features a dual vanity, tub/shower combo, walk-in closet, separate linen storage, and a private water closet. Whether you're

15. 2024-05-14
    price $241,900 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Baldwin, a charming single-story home in the heart of Lakeshore Villages, a vibrant new community in Slidell, Louisiana. With three distinct exterior elevations to choose from, the Baldwin offers curb appeal and character that fits your personal style. Inside, this 3-bedroom, 2-bathroom home offers 1,405 square feet of functional and inviting living space. As you enter, two secondary bedrooms and a full guest bath are conveniently located near the front of the home-perfect for guests, kids, or a home office. A short hallway leads to the third bedroom, with easy access to the HVAC system and a linen closet for added storage. At the heart of the Baldwin is a bright, open-concept living area. The kitchen features shaker-style cabinetry, 3 cm granite countertops, a gooseneck pulldown faucet, and stainless steel Frigidaire appliances, including a gas range, microwave, and dishwasher. A large corner pantry and separate laundry room enhance everyday convenience. The dining area sits just off the kitchen, flowing seamlessly into the spacious living room-a layout designed for connection, comfort, and easy entertaining. Each bedroom includes plush carpeting and a generous closet, offering flexible space for relaxation, hobbies, or guests. Tucked at the rear of the home, the private primary suite is your personal retreat. The en suite bathroom features a dual vanity, tub/shower combo, walk-in closet, separate linen storage, and a private water closet. Whether you're

16. 2024-04-16
    listed $239,900 Active 1494-char remark

    Show marketing remark (1494 chars)

    Welcome to the Baldwin, a charming single-story home in the heart of Lakeshore Villages, a vibrant new community in Slidell, Louisiana. With three distinct exterior elevations to choose from, the Baldwin offers curb appeal and character that fits your personal style. Inside, this 3-bedroom, 2-bathroom home offers 1,405 square feet of functional and inviting living space. As you enter, two secondary bedrooms and a full guest bath are conveniently located near the front of the home-perfect for guests, kids, or a home office. A short hallway leads to the third bedroom, with easy access to the HVAC system and a linen closet for added storage. At the heart of the Baldwin is a bright, open-concept living area. The kitchen features shaker-style cabinetry, 3 cm granite countertops, a gooseneck pulldown faucet, and stainless steel Frigidaire appliances, including a gas range, microwave, and dishwasher. A large corner pantry and separate laundry room enhance everyday convenience. The dining area sits just off the kitchen, flowing seamlessly into the spacious living room-a layout designed for connection, comfort, and easy entertaining. Each bedroom includes plush carpeting and a generous closet, offering flexible space for relaxation, hobbies, or guests. Tucked at the rear of the home, the private primary suite is your personal retreat. The en suite bathroom features a dual vanity, tub/shower combo, walk-in closet, separate linen storage, and a private water closet. Whether you're

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $23,364
• − Mortgage interest: −$14,003
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,869
• − Management: −$1,869
• − Depreciation: −$7,272
• Taxable loss: −$6,649
• Est. tax savings @ 24.0%: +$1,596
• After-tax cash flow: $-678/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This Baldwin single-story home in Slidell, Louisiana, is in good condition with a modern kitchen and bathrooms. It offers curb appeal and character, making it a great investment opportunity.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value.
• Both Landscaping improvements — Enhances curb appeal and value.
• Both Add smart home features — Improves convenience and marketability.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value. ↑
• Both Landscaping improvements — Enhances curb appeal and value. ↑
• Both Add smart home features — Improves convenience and marketability. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-1.3% since first listed

3 events — show timeline

• 2025-09-13 Price Changed $236,900 Zillow
• 2024-05-14 Price Changed $241,900 Zillow
• 2024-04-16 Listed $239,900 Zillow