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192 Marina Dr Unit B 🌊 Lakefront
D- Composite 37.28
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).

  • ARV discount +15.0/15.0
  • Condition / age +4.8/5.0
  • 1% rule +4.6/10.0
  • Cash flow +4.4/30.0
  • Livability +3.1/5.0
  • Rent growth +2.9/5.0
  • Schools +2.6/10.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$164,900

192 Marina Dr Unit B · Eden Isle, LA 70458
2 bd · 1.5 ba · 1,294 sqft · Condo · 97 Days on market
Built 1983 Excellent condition $127/sqft · 27% below area Est $226k · 27% under · waterfront $545/mo HOA · 34% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to 192 Marina Drive, Unit B in the highly sought-after Eden Isles community of Slidell! This beautifully completely renovated waterfront condo offers the perfect blend of comfort, style, and relaxation! Enjoy stunning water views and beautiful sunsets while enjoying an ice cold beverage on your brand new deck. Inside, you'll find a completely updated interior featuring all new stainless steel appliances, including a refrigerator, and washer and dryer in the unit! A truly move in ready condo! The condo also has access to the community inground pool, making it easy to soak up the summer without having to leave home. Whether you're looking for a primary residence, weekend retreat, or investment opportunity, this waterfront oasis is ready for its next owner!

Key facts

  • Water views
  • Waterfront condo
  • Updated interior

Tags

WATERFRONT CONDOWATER VIEWSNEW DECKUPDATED INTERIORSTAINLESS STEEL APPLIANCESCOMMUNITY INGROUND POOL

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.5-bath condo listed at $165k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-859 ($-10k/yr) — negative.
  • To cash-flow at today's rent, offer at most $41k (75.4% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $159k (3.9% below list).
  • Recommended offer: $41k (75.4% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads 62/100 on livability (#207 in LA) — a middle-class / working-renter tenant base. Strengths: crime A, housing A, employment B; Watch: amenities F, commute F, health & safety 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: W.L. Abney Elementary School (math 31% / reading 38%, grade F, #284 of 646 statewide, top 46%, 1,094 students, 70% FRL); St. Tammany Junior High School (math 19% / reading 41%, grade F, #114 of 218 statewide, top 53%, 793 students, 68% FRL); Salmen High School (math 15% / reading 27%, grade F, #179 of 265 statewide, top 68%, 1,216 students, 62% FRL) — zoned schools average 67% FRL vs 40% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 28% at this address vs 49% district-wide (-20 pts) — the specific schools serving this property underperform the St. Tammany Parish average; the district grade overstates school quality for this exact location.
  • Market conditions: Rents rising (+1.5%/yr); 630 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 58d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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).

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 97 days — a 9% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts; this cycle's ask is 9061% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
  • Current owner paid $68k; list at $165k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $427/mo; HOA is 34% of rent.
  • 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $40,616 (75.4% 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. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 75% concession, seller financing, or rate buy-down credit?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  9. 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?
  10. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
  11. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
  12. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
  13. 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.
  14. 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.
  15. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
0.96%
Cap rate
3.15%
Cash-on-cash
-11.24%
DSCR
0.50
GRM
8.7

CMA / ARV

ARV (median comp)
$226,399
List price
$164,900
Delta
-27.16%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.47% rent growth · sell at horizon

5-year hold
IRR
-68.0%
Equity multiple
-0.80×
Total profit
$-83,207
Equity at exit
$24,587
10-year hold
IRR
Equity multiple
-2.25×
Total profit
$-149,937
Equity at exit
$14,258

Cash invested: $46,172 (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.

Active competition Active MLS

For sale now
2 active
Median asking
$146,500 ($126/sqft)
Median days on market
33 d
This list price
50% of active listings are priced below it
ARV vs active asking
+38.6% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70458

Rents YoY
1.5%
Active inventory
630
Price-to-rent
8.7×

Monthly cashflow live

Estimated rent
$1,585 high interval (Pro) →
Mortgage (P&I)
$865
Tax est. 1.5%
$206 /mo · $2,474/yr
Insurance
$69
Flood insurance flood zone
−$427 /mo · $5,118/yr
HOA
$545
Vacancy / Maint / Mgmt
$333
Net cashflow
$-859

Break-even live

Break-even rent $2,672
Max offer price $40,616
Occupancy floor

Sensitivity live

Price -10% $-745 -5% $-802 +0% $-859 +5% $-916 +10% $-973
Rent -10% $-984 -5% $-922 +0% $-859 +5% $-796 +10% $-734
Rate -1.0pp $-776 -0.5pp $-817 base $-859 +0.5pp $-902 +1.0pp $-945

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
$41,225
Closing costs
$4,947
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 33 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
224 Marina Dr Slidell, LA 2.0 1.5 1287 $1,400 $1.09 139d 1 0.02mi
232 Marina Dr Slidell, LA 2.0 1.5 1250 $1,500 $1.20 139d 1 0.03mi
152 Marina Dr Slidell, LA 2.0 2.0 1250 $1,400 $1.12 115d 1 0.05mi
100 Marina Dr Unit 100 Slidell, LA 3.0 3.0 1850 $1,925 $1.04 98d 1 0.09mi
732 Marina Dr Slidell, LA 2.0 2.5 1182 $1,975 $1.67 9d 1 0.43mi
228 Constellation Dr Slidell, LA 3.0 2.0 1724 $2,200 $1.28 0d 1 0.46mi
228 Constellation Dr Slidell, LA 3.0 2.0 1724 $2,300 $1.33 116d 1 0.46mi
870 Marina Dr Unit B Slidell, LA 3.0 2.5 1700 $2,050 $1.21 87d 1 0.49mi
820 Marina Dr #304 Slidell, LA 2.0 2.0 1100 $1,200 $1.09 9d 1 0.51mi
820 Marina Dr #304 Slidell, LA 2.0 2.0 1100 $1,400 $1.27 74d 1 0.51mi
870 Marina Dr Unit A Slidell, LA 3.0 2.5 1600 $1,950 $1.22 98d 1 0.51mi
101 Moonraker Dr Slidell, LA 3.0 2.0 1811 $2,300 $1.27 57d 1 0.74mi
1850 Harbor Dr Slidell, LA 1.0–2.0 1.0–2.0 974 $1,488 $1.53 0d 10 0.87mi
3500 Oak Harbor Blvd Slidell, LA 1.0–2.0 1.0–2.0 880 $1,550 $1.76 0d 11 0.94mi
301 Lakeshore Blvd N Slidell, LA 1.0–4.0 1.0–2.0 1134 $1,267 $1.12 0d 1 0.98mi
4620 Pontchartrain Dr Slidell, LA 2.0 1.5 1000 $1,275 $1.27 7d 1 1.07mi
62200 Westend Blvd Slidell, LA 1.0–2.0 1.0–2.0 925 $1,500 $1.62 0d 20 1.09mi
4704 Pontchartrain Dr #1 Slidell, LA 2.0 2.5 1200 $1,495 $1.25 106d 1 1.23mi
3616 Spruce Key Ln Slidell, LA 3.0 2.0 1635 $2,395 $1.46 62d 1 1.27mi
505 Spartan Dr Slidell, LA 1.0–2.0 1.0–2.0 1264 $1,400 $1.11 9d 2 1.28mi
3604 Spruce Key Ln Slidell, LA 3.0–4.0 2.0 1539 $2,150 $1.40 140d 1 1.29mi
3604 Spruce Key Ln Slidell, LA 3.0–4.0 2.0 1586 $2,195 $1.38 0d 13 1.29mi
102 Spartan Trace Blvd Slidell, LA 3.0 2.0 1516 $2,000 $1.32 119d 1 1.30mi
519 Spartan Dr #9101 Slidell, LA 2.0 2.0 1304 $1,400 $1.07 119d 1 1.34mi
4734 Pontchartrain Dr Unit B Slidell, LA 2.0 1.5 1180 $1,550 $1.31 9d 1 1.35mi
301 Spartan Dr Slidell, LA 1.0–3.0 1.0–2.0 897 $1,351 $1.51 0d 12 1.36mi
3900 Lakeshore Blvd E Slidell, LA 2.0 2.0 1219 $1,755 $1.44 0d 1 1.38mi
3900 Lakeshore Blvd E #125 Slidell, LA 2.0 2.0 1219 $1,670 $1.37 139d 1 1.38mi
3900 Lakeshore Blvd E Slidell, LA 2.0 2.0 1219 $1,755 $1.44 98d 2 1.38mi
3900 Lakeshore Blvd E Unit 233 Slidell, LA 2.0 2.0 1219 $1,690 $1.39 111d 1 1.41mi
4754 Pontchartrain Dr Apt 17 Slidell, LA 2.0 1.5 900 $1,175 $1.31 9d 1 1.46mi
4754 Pontchartrain Dr Unit 18 Slidell, LA 2.0 1.5 900 $1,165 $1.29 57d 1 1.47mi
3415 Tide Wind Dr Slidell, LA 3.0 2.0 1640 $2,200 $1.34 6d 1 1.47mi

Property features AI

Finance

Other
16 total units in the buildingPets allowed: cats and dogs (no pet restrictions noted)
HOA & community
HOA fee covers common areasCommunity pool and common groundsAssociation fee applies

Exterior

Parking
Assigned parkingAdditional parking available
Security
Smoke detectors
Utilities
Public waterPublic sewer
Home design
2-story buildingShingle roofProperty in excellent conditionSlab foundation
Construction
Shingle roofSlab foundation
Exterior features
DockCity lotWaterfront with canal accessCommunity in-ground pool

Interior

Kitchen
DishwasherMicrowaveOvenRangeRefrigeratorGranite counters
Bedrooms
Total rooms: 7
Bathrooms
1 full bathroom1 half bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
Granite countersWood-burning fireplace
Laundry & utility
In-unit laundryWasher hookupDryer hookupWasherDryer

HOA detail $545/mo · $6,540/yr condo

Likely covers
waterpool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-23
    days on market $164,900 Active 97 DOM
  2. 2026-09-22
    days on market $164,900 Active 96 DOM
  3. 2026-09-21
    days on market $164,900 Active 95 DOM
  4. 2026-09-20
    days on market $164,900 Active 94 DOM
  5. 2026-09-19
    days on market $164,900 Active 93 DOM
  6. 2026-09-18
    days on market $164,900 Active 92 DOM
  7. 2026-09-17
    days on market $164,900 Active 91 DOM
  8. 2026-09-16
    days on market $164,900 Active 90 DOM
  9. 2026-09-15
    days on market $164,900 Active 89 DOM
  10. 2026-09-14
    days on market $164,900 Active 88 DOM
  11. 2026-09-13
    days on market $164,900 Active 87 DOM
  12. 2026-09-12
    days on market $164,900 Active 86 DOM
  13. 2026-09-11
    days on market $164,900 Active 85 DOM
  14. 2026-09-05
    days on market $164,900 Active 79 DOM
  15. 2026-09-04
    days on market $164,900 Active 78 DOM
  16. 2026-09-03
    days on market $164,900 Active 77 DOM
  17. 2026-08-31
    days on market $164,900 Active 74 DOM
  18. 2026-08-29
    days on market $164,900 Active 72 DOM
  19. 2026-08-28
    days on market $164,900 Active 71 DOM
  20. 2026-08-27
    days on market $164,900 Active 70 DOM
  21. 2026-08-25
    days on market $164,900 Active 68 DOM
  22. 2026-08-24
    days on market $164,900 Active 67 DOM
  23. 2026-08-23
    days on market $164,900 Active 66 DOM
  24. 2026-08-22
    days on market $164,900 Active 65 DOM
  25. 2026-08-21
    days on market $164,900 Active 64 DOM
  26. 2026-08-20
    days on market $164,900 Active 63 DOM
  27. 2026-08-19
    days on market $164,900 Active 62 DOM
  28. 2026-08-18
    days on market $164,900 Active 61 DOM
  29. 2026-08-17
    days on market $164,900 Active 60 DOM
  30. 2026-08-16
    days on market $164,900 Active 59 DOM
  31. 2026-08-15
    days on market $164,900 Active 58 DOM
  32. 2026-08-14
    days on market $164,900 Active 57 DOM
  33. 2026-08-13
    days on market $164,900 Active 56 DOM
  34. 2026-08-12
    days on market $164,900 Active 55 DOM
  35. 2026-08-11
    days on market $164,900 Active 54 DOM
  36. 2026-08-10
    days on market $164,900 Active 53 DOM
  37. 2026-08-09
    days on market $164,900 Active 52 DOM
  38. 2026-08-08
    days on market $164,900 Active 51 DOM
  39. 2026-08-07
    days on market $164,900 Active 50 DOM
  40. 2026-08-06
    days on market $164,900 Active 49 DOM
  41. 2026-08-05
    days on market $164,900 Active 48 DOM
  42. 2026-08-04
    days on market $164,900 Active 47 DOM
  43. 2026-08-03
    days on market $164,900 Active 46 DOM
  44. 2026-07-31
    days on market $164,900 Active 43 DOM
  45. 2026-07-30
    days on market $164,900 Active 42 DOM
  46. 2026-07-30
    days on market $164,900 Active 41 DOM
  47. 2026-07-28
    days on market $164,900 Active 40 DOM
  48. 2026-07-26
    days on market $164,900 Active 38 DOM
  49. 2026-07-24
    days on market $164,900 Active 36 DOM
  50. 2026-07-23
    days on market $164,900 Active 35 DOM

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

Climate risk First Street

  • 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
  • 🔥 Wildfire 3/10 Moderate
  • 🌡 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$19,021
− Mortgage interest
−$9,237
− Property taxes
−$2,474
− Insurance
−$5,943
− Repairs & maintenance
−$1,522
− Management
−$1,522
− HOA
−$6,540
− Depreciation
−$4,797
Taxable loss
−$13,013
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$3,123
After-tax cash flow
$-7,184/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 · 14 photos

Excellent 95/100 None rehab

This waterfront condo in Eden Isles is in excellent condition with a fresh paint job and well-maintained landscaping. It offers stunning water views and is move-in ready.

Value-add opportunities

  • Resale Painting the exterior and interior walls — Fresh paint can enhance curb appeal and the home's overall appearance
  • Resale Landscaping improvements — Enhanced landscaping can increase the home's curb appeal and attract more potential buyers
  • Both Deck maintenance and cleaning — A clean and well-maintained deck can improve both the home's resale and rental value
F Composite school gradezoned avg 26/100

Zoned Schools

Elementary Abney Elementary Early Childhood Center Middle St. Tammany Junior High School F LA #114/218 Nat'l #8,861/14,009 High Salmen High School F LA #179/265 Nat'l #13,947/17,239

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
C Composite livability gradescore 62/100

Livability — Eden Isle

Score
62/100
State rank
#207
US rank
#16121

Category grades

Amenities F Commute F Cost of living C+ Crime A Employment B Housing A Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Eden Isle, LA
County
Saint Tammany Parish · 286,725 people
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
13% of renters

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

Price history

+119.9% since first listed
11 events — show timeline
  • 2026-07-07 Price Changed $164,900 AcadianaMLS
  • 2026-07-07 Price Changed $164,900 GSREIN
  • 2026-06-29 Listed for Rent $1,800 RAAMLS
  • 2026-06-18 Listed $174,900 GSREIN
  • 2026-06-18 Listed $174,900 AcadianaMLS
  • 2026-04-17 Sold (MLS) $68,000 GSREIN
  • 2026-04-17 Sold (MLS) $68,000 AcadianaMLS
  • 2026-03-31 Pending AcadianaMLS
  • 2026-03-31 Contingent GSREIN
  • 2026-03-27 Listed $75,000 GSREIN
  • 2026-03-27 Listed $75,000 AcadianaMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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