202 N Queens Dr · Slidell, LA 70458

$189,000

4 bd · 2.0 ba · 1,614 sqft · SingleFamily public records · 72 Days on market

Built 1979 7,636 sqft lot $117/sqft · at area comps Est $224k · 16% under

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Why this score? — see what drove the B- 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 +25.0/30.0
• ARV discount +14.6/15.0
• DSCR +8.2/10.0
• 1% rule +5.5/10.0
• 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 and well-appointed 4-bedroom, 2-bath home located at 202 N. Queens Dr in Slidell! This home features an open floorplan with a bright and inviting living area that flows seamlessly into the kitchen--complete with granite countertops, stainless steel appliances, and a pantry for added storage. Step outside to your private backyard retreat featuring an in-ground pool and fully fenced yard, perfect for relaxing or entertaining. Additional highlights include a 1-car garage and a functional layout designed for everyday living. Move-in ready and waiting for you to make it your own!

Key facts

• In-ground pool
• Open floorplan
• Granite countertops

Tags

• OPEN FLOORPLAN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• PRIVATE BACKYARD RETREAT
• IN-GROUND POOL
• FULLY FENCED YARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $413 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $178k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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 (+1.5%/yr); 489 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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).
• This rent runs 33% of the median local income ($73k/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 72 days — a 6% lower offer ($178k) is reasonable based on typical stale-listing flexibility.
• 12 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 $145k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,660 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% 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. 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. 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.
7. 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.
8. 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: 1.05% ✓
• Cap rate: 8.92%
• Cash-on-cash: 9.37%
• DSCR: 1.42
• GRM: 7.9

CMA / ARV

• ARV (median comp): $224,421
• List price: $189,000
• Delta: -15.78%
• 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
208 N Queens Dr	0.04mi	3/2.0 (-1)	1,570 (-3%)	2mo	$199,900	$127	87
113 Rooks Dr	0.25mi	3/2.0 (-1)	1,564 (-3%)	0mo	$161,700	$103	78
110 W Queens Dr	0.34mi	4/2.0	1,704 (+6%)	2mo	$205,000	$120	73
101 S Queens Dr	0.38mi	4/2.0	1,664 (+3%)	6mo	$170,000	$102	72
120 Pine Cir	0.45mi	4/2.0	1,660 (+3%)	3mo	$216,800	$131	72
107 W Queens Dr	0.37mi	4/2.0	1,735 (+8%)	2mo	$90,000	$52	69
344 Huntington Dr	0.68mi	3/2.0 (-1)	1,603 (-1%)	3mo	$200,000	$125	60
555 Lenwood Dr	0.60mi	3/2.0 (-1)	1,661 (+3%)	4mo	$200,000	$120	59
300 Mansfield Dr	0.70mi	3/2.0 (-1)	1,689 (+5%)	3mo	$284,000	$168	52
250 Whisperwood Blvd	0.53mi	3/2.0 (-1)	1,835 (+14%)	2mo	$217,500	$119	46
105 Heather Dr	0.70mi	3/2.0 (-1)	1,450 (-10%)	0mo	$125,000	$86	45
338 Country Club Blvd	0.72mi	3/2.0 (-1)	1,851 (+15%)	3mo	$244,000	$132	35

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 · 1.47% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-7,376
• Equity at exit: $28,181

10-year hold

• IRR: 4.2%
• Equity multiple: 1.29×
• Total profit: $15,223
• Equity at exit: $16,341

Cash invested: $52,920 (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 70458

• Rents YoY: 1.5%
• Active inventory: 489
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,991 high
• Mortgage (P&I): −$991
• Tax from tax record: −$90 /mo · $1,076/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $413

Break-even live

Break-even rent $1,468

Max offer price $189,000

Occupancy floor 74%

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 S Queens Dr Slidell, LA	4.0	2.0	1476	$1,800	$1.22	3d	1	0.39mi
641 Haaswood Ln Slidell, LA	3.0	2.0	1721	$2,400	$1.39	43d	1	0.50mi
557 Claiborne Trails Dr Slidell, LA	3.0	2.0	1690	$2,300	$1.36	43d	1	0.51mi
100 Firwood Dr Slidell, LA	4.0	2.0	1649	$1,900	$1.15	43d	1	0.64mi
101 Dante Cir Slidell, LA	4.0	2.0	1941	$1,950	$1.00	11d	1	0.67mi
107 Dixie Cir Slidell, LA	3.0	2.0	1609	$1,900	$1.18	43d	1	0.71mi
111 Heather Dr Slidell, LA	3.0	2.0	2112	$1,750	$0.83	43d	1	0.73mi
357 Mansfield Dr Slidell, LA	3.0	2.0	1400	$2,200	$1.57	43d	1	0.73mi
114 Meredith Dr Slidell, LA	3.0	2.0	1531	$1,650	$1.08	43d	1	0.78mi
108 Ellwood Cir Slidell, LA	4.0	2.0	1517	$1,800	$1.19	3d	1	0.79mi
542 Driftwood Cir Slidell, LA	4.0	2.0	1960	$2,100	$1.07	3d	1	0.80mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	2d	1	1.24mi
120 Christian Ln Slidell, LA	3.0	2.0	1375	$1,875	$1.36	3d	1	1.24mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	43d	1	1.44mi
347 Oriole Dr Slidell, LA	4.0	1.5	1560	$1,500	$0.96	23d	1	1.44mi

Listing history 33 events

1. 2026-06-18
   days on market $189,000 Active 72 DOM
2. 2026-06-17
   days on market $189,000 Active 71 DOM
3. 2026-06-16
   days on market $189,000 Active 70 DOM
4. 2026-06-15
   days on market $189,000 Active 69 DOM
5. 2026-06-13
   days on market $189,000 Active 67 DOM
6. 2026-06-10
   days on market $189,000 Active 64 DOM
7. 2026-06-09
   days on market $189,000 Active 63 DOM
8. 2026-06-08
   days on market $189,000 Active 62 DOM
9. 2026-06-07
   days on market $189,000 Active 61 DOM
10. 2026-06-03
    days on market $189,000 Active 57 DOM
11. 2026-06-02
    days on market $189,000 Active 56 DOM
12. 2026-06-01
    days on market $189,000 Active 55 DOM
13. 2026-05-31
    days on market $189,000 Active 54 DOM
14. 2026-05-06
    price $189,000 590-char remark

    Show marketing remark (595 chars)

    Spacious and well-appointed 4-bedroom, 2-bath home located at 202 N. Queens Dr in Slidell! This home features an open floorplan with a bright and inviting living area that flows seamlessly into the kitchen—complete with granite countertops, stainless steel appliances, and a pantry for added storage. Step outside to your private backyard retreat featuring an in-ground pool and fully fenced yard, perfect for relaxing or entertaining. Additional highlights include a 1-car garage and a functional layout designed for everyday living. Move-in ready and waiting for you to make it your own!

15. 2026-05-06
    price $189,000 595-char remark

    Show marketing remark (595 chars)

    Spacious and well-appointed 4-bedroom, 2-bath home located at 202 N. Queens Dr in Slidell! This home features an open floorplan with a bright and inviting living area that flows seamlessly into the kitchen—complete with granite countertops, stainless steel appliances, and a pantry for added storage. Step outside to your private backyard retreat featuring an in-ground pool and fully fenced yard, perfect for relaxing or entertaining. Additional highlights include a 1-car garage and a functional layout designed for everyday living. Move-in ready and waiting for you to make it your own!

16. 2026-04-07
    listed $194,000 Active 590-char remark

    Show marketing remark (595 chars)

    Spacious and well-appointed 4-bedroom, 2-bath home located at 202 N. Queens Dr in Slidell! This home features an open floorplan with a bright and inviting living area that flows seamlessly into the kitchen—complete with granite countertops, stainless steel appliances, and a pantry for added storage. Step outside to your private backyard retreat featuring an in-ground pool and fully fenced yard, perfect for relaxing or entertaining. Additional highlights include a 1-car garage and a functional layout designed for everyday living. Move-in ready and waiting for you to make it your own!

17. 2026-04-07
    listed $194,000 Active 595-char remark

    Show marketing remark (595 chars)

    Spacious and well-appointed 4-bedroom, 2-bath home located at 202 N. Queens Dr in Slidell! This home features an open floorplan with a bright and inviting living area that flows seamlessly into the kitchen—complete with granite countertops, stainless steel appliances, and a pantry for added storage. Step outside to your private backyard retreat featuring an in-ground pool and fully fenced yard, perfect for relaxing or entertaining. Additional highlights include a 1-car garage and a functional layout designed for everyday living. Move-in ready and waiting for you to make it your own!

18. 2021-06-21
    soldstatus $145,000
19. 2014-06-10
    soldstatus $139,000
20. 2014-06-05
    soldstatus $139,000
21. 2014-01-14
    listed $139,900
22. 2014-01-14
    listed $139,900
23. 2013-09-20
    soldstatus $55,000
24. 2013-06-24
    soldstatus $202,113
25. 2013-05-28
    listed $62,500
26. 2013-05-28
    listed $62,500
27. 2012-02-27
    listed $89,900
28. 2012-02-27
    listed $89,900
29. 2010-01-01
    listed $89,900
30. 2010-01-01
    listed $89,900
31. 2009-06-05
    listed $104,900
32. 2009-06-05
    listed $104,900
33. 2005-11-08
    soldstatus $117,000

ⓘ 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: $1,076 · $90/mo
• Projected year-2 tax: $1,076 · $90/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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 21 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: $23,893
• − Mortgage interest: −$10,587
• − Property taxes: −$1,076
• − Insurance: −$945
• − Repairs & maintenance: −$1,911
• − Management: −$1,911
• − Depreciation: −$5,498
• Taxable income: $1,964
• Est. tax owed @ 24.0%: −$471
• After-tax cash flow: $4,489/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): 39,034
• Household income: $72,843
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1331.0

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: 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: —

Market trends

• HPI YoY: ▼ -173.60%
• Current HPI: 147.4749
• Rent YoY: ▲ 1.47%
• 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

+61.5% since first listed

20 events — show timeline

• 2026-05-06 Price Changed $189,000 AcadianaMLS
• 2026-05-06 Price Changed $189,000 GSREIN
• 2026-04-07 Listed $194,000 GSREIN
• 2026-04-07 Listed $194,000 AcadianaMLS
• 2021-06-21 Sold (Public Records) $145,000 Public Records
• 2014-06-10 Sold (Public Records) $139,000 Public Records
• 2014-06-05 Sold (MLS) $139,000 GSREIN
• 2014-01-14 Listed $139,900 AcadianaMLS
• 2014-01-14 Listed $139,900 GSREIN
• 2013-09-20 Sold (MLS) $55,000 GSREIN
• 2013-06-24 Sold (Public Records) $202,113 Public Records
• 2013-05-28 Listed $62,500 AcadianaMLS
• 2013-05-28 Listed $62,500 GSREIN
• 2012-02-27 Listed $89,900 GSREIN
• 2012-02-27 Listed $89,900 AcadianaMLS
• 2010-01-01 Listed $89,900 GSREIN
• 2010-01-01 Listed $89,900 AcadianaMLS
• 2009-06-05 Listed $104,900 GSREIN
• 2009-06-05 Listed $104,900 AcadianaMLS
• 2005-11-08 Sold (Public Records) $117,000 Public Records

Property tax history

-5.9%/yr

Latest (2025): $1,076 · -3.8% YoY. Source: county tax records.