1315 Admiral Nelson Dr · Slidell, LA 70461

$270,000

4 bd · 2.5 ba · 2,820 sqft · SingleFamily public records · 9 Days on market

Built 2017 7,200 sqft lot $96/sqft · at area comps Est $277k · at est.

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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 +12.6/30.0
• ARV discount +8.6/15.0
• Schools +4.3/10.0
• DSCR +3.8/10.0
• Livability +3.5/5.0
• 1% rule +3.1/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This two-story home has an open floor plan, separate dining room, and two bonus rooms so there's plenty of space to make it your own! Whether that's a home office, playroom, or extra living area, use your imagination because possibilities are endless! Located just minutes from I-10 in a well established neighborhood, the location is hard to beat. The backyard is a blank slate with room to create your own private oasis. If you've been looking for a property you can put your personal touch on, this one is worth a look. A little TLC will go a long way here with tons of potential for the right buyer ready to bring it back to life.

Key facts

• Open floor plan
• Separate dining room
• Two bonus rooms

Tags

• OPEN FLOOR PLAN
• SEPARATE DINING ROOM
• TWO BONUS ROOMS
• BLANK SLATE BACKYARD
• PRIVATE OASIS

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Garage with two parking spaces
• Utilities: Public water; Public sewer
• Home design: 2-story home
• Construction: Brick and vinyl siding exterior; Shingle roof; Slab foundation; Average condition
• Exterior features: Fence; Concrete patio/porch; Outside city limits; Oversized lot; Lot dimensions approximately 60 x 120

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator
• Bedrooms: Total rooms: 10
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating with multiple heating units; Central air conditioning
• Interior features: Ceiling fan(s); Gas fireplace
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-99 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $252k (6.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (19.3% below list).
• Recommended offer: $218k (19.3% 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.
• 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 (+1.7%/yr); 594 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $8k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 9y 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 $230k; 17% 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: 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 $217,791 (19.3% 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. 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. 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?
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: 0.81% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.52%
• DSCR: 0.98
• GRM: 10.3

CMA / ARV

• ARV (median comp): $276,518
• List price: $270,000
• Delta: -2.36%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1255 Admiral Nelson Dr	0.15mi	4/2.5	2,850 (+1%)	8mo	$291,000	$102	85
1637 Shylock Dr	0.30mi	3/2.5 (-1)	2,851 (+1%)	2mo	$240,000	$84	78
1608 Ellingsworth Dr	0.36mi	4/2.5	2,497 (-12%)	22mo	$305,000	$122	46
1926 Brookter St	0.74mi	4/2.5	2,483 (-12%)	23mo	$265,000	$107	27

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: -20.3%
• Equity multiple: 0.30×
• Total profit: $-52,826
• Equity at exit: $40,258

10-year hold

• IRR: -16.4%
• Equity multiple: 0.14×
• Total profit: $-65,183
• Equity at exit: $23,345

Cash invested: $75,600 (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: 594
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,178 medium
• Mortgage (P&I): −$1,416
• Tax from tax record: −$225 /mo · $2,697/yr
• Insurance: −$112
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $-99

Break-even live

Break-even rent $2,303

Max offer price $252,500

Occupancy floor 100%

Sensitivity live

Price	-10% $54	-5% $-23	+0% $-99	+5% $-175	+10% $-252
Rent	-10% $-271	-5% $-185	+0% $-99	+5% $-13	+10% $73
Rate	-1.0pp $37	-0.5pp $-30	base $-99	+0.5pp $-169	+1.0pp $-240

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: $67,500
• Closing costs: $8,100
• 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	45d	1	0.13mi
57479 Cedar Ave Slidell, LA	4.0	2.0	1950	$1,800	$0.92	25d	1	1.16mi
39348 Mc Kendall Dr Slidell, LA	3.0	2.5	2510	$2,600	$1.04	3d	1	1.34mi

Listing history 15 events

1. 2026-05-09
   status Pending 634-char remark

   Show marketing remark (634 chars)

   This two-story home has an open floor plan, separate dining room, and two bonus rooms so there's plenty of space to make it your own! Whether that's a home office, playroom, or extra living area, use your imagination because possibilities are endless! Located just minutes from I-10 in a well established neighborhood, the location is hard to beat. The backyard is a blank slate with room to create your own private oasis. If you've been looking for a property you can put your personal touch on, this one is worth a look. A little TLC will go a long way here with tons of potential for the right buyer ready to bring it back to life.

2. 2026-05-09
   status Pending 654-char remark

   Show marketing remark (634 chars)

   This two-story home has an open floor plan, separate dining room, and two bonus rooms so there's plenty of space to make it your own! Whether that's a home office, playroom, or extra living area, use your imagination because possibilities are endless! Located just minutes from I-10 in a well established neighborhood, the location is hard to beat. The backyard is a blank slate with room to create your own private oasis. If you've been looking for a property you can put your personal touch on, this one is worth a look. A little TLC will go a long way here with tons of potential for the right buyer ready to bring it back to life.

3. 2026-05-07
   price $270,000 634-char remark

   Show marketing remark (634 chars)

   This two-story home has an open floor plan, separate dining room, and two bonus rooms so there's plenty of space to make it your own! Whether that's a home office, playroom, or extra living area, use your imagination because possibilities are endless! Located just minutes from I-10 in a well established neighborhood, the location is hard to beat. The backyard is a blank slate with room to create your own private oasis. If you've been looking for a property you can put your personal touch on, this one is worth a look. A little TLC will go a long way here with tons of potential for the right buyer ready to bring it back to life.

4. 2026-05-07
   price $270,000 654-char remark

   Show marketing remark (634 chars)

   This two-story home has an open floor plan, separate dining room, and two bonus rooms so there's plenty of space to make it your own! Whether that's a home office, playroom, or extra living area, use your imagination because possibilities are endless! Located just minutes from I-10 in a well established neighborhood, the location is hard to beat. The backyard is a blank slate with room to create your own private oasis. If you've been looking for a property you can put your personal touch on, this one is worth a look. A little TLC will go a long way here with tons of potential for the right buyer ready to bring it back to life.

5. 2026-04-30
   price $280,000 654-char remark

   Show marketing remark (634 chars)

   This two-story home has an open floor plan, separate dining room, and two bonus rooms so there's plenty of space to make it your own! Whether that's a home office, playroom, or extra living area, use your imagination because possibilities are endless! Located just minutes from I-10 in a well established neighborhood, the location is hard to beat. The backyard is a blank slate with room to create your own private oasis. If you've been looking for a property you can put your personal touch on, this one is worth a look. A little TLC will go a long way here with tons of potential for the right buyer ready to bring it back to life.

6. 2026-04-30
   listed $280,000 Active 634-char remark

   Show marketing remark (634 chars)

   This two-story home has an open floor plan, separate dining room, and two bonus rooms so there's plenty of space to make it your own! Whether that's a home office, playroom, or extra living area, use your imagination because possibilities are endless! Located just minutes from I-10 in a well established neighborhood, the location is hard to beat. The backyard is a blank slate with room to create your own private oasis. If you've been looking for a property you can put your personal touch on, this one is worth a look. A little TLC will go a long way here with tons of potential for the right buyer ready to bring it back to life.

7. 2026-04-30
   listed $270,000 Active 654-char remark

   Show marketing remark (634 chars)

   This two-story home has an open floor plan, separate dining room, and two bonus rooms so there's plenty of space to make it your own! Whether that's a home office, playroom, or extra living area, use your imagination because possibilities are endless! Located just minutes from I-10 in a well established neighborhood, the location is hard to beat. The backyard is a blank slate with room to create your own private oasis. If you've been looking for a property you can put your personal touch on, this one is worth a look. A little TLC will go a long way here with tons of potential for the right buyer ready to bring it back to life.

8. 2017-11-13
   soldstatus $230,000
9. 2017-11-09
   soldstatus $230,000 Sold

   Show marketing remark (523 chars)

   Large 2 story beautiful brick home mins. to 1-10 and town center mall. New flooring, new carpet, new paint, new kitchen cabinets & counter tops, new stove, built in microwave, ceiling fans, 5 new windows, new blinds, new bath mirrors and many updates completed 2017. 2 bonus rooms that can be used for sunroom, office or media rm. Open floor plan to den and kitchen. Separate dining rm and living rm. Master bath has separate shower & garden tub with 2 walk in closets, fenced yard with shed and concrete patio.

10. 2017-10-12
    historical Pending Continue to Show

    Show marketing remark (523 chars)

    Large 2 story beautiful brick home mins. to 1-10 and town center mall. New flooring, new carpet, new paint, new kitchen cabinets & counter tops, new stove, built in microwave, ceiling fans, 5 new windows, new blinds, new bath mirrors and many updates completed 2017. 2 bonus rooms that can be used for sunroom, office or media rm. Open floor plan to den and kitchen. Separate dining rm and living rm. Master bath has separate shower & garden tub with 2 walk in closets, fenced yard with shed and concrete patio.

11. 2017-10-03
    status Active

    Show marketing remark (523 chars)

    Large 2 story beautiful brick home mins. to 1-10 and town center mall. New flooring, new carpet, new paint, new kitchen cabinets & counter tops, new stove, built in microwave, ceiling fans, 5 new windows, new blinds, new bath mirrors and many updates completed 2017. 2 bonus rooms that can be used for sunroom, office or media rm. Open floor plan to den and kitchen. Separate dining rm and living rm. Master bath has separate shower & garden tub with 2 walk in closets, fenced yard with shed and concrete patio.

12. 2017-09-21
    historical Pending Continue to Show

    Show marketing remark (523 chars)

    Large 2 story beautiful brick home mins. to 1-10 and town center mall. New flooring, new carpet, new paint, new kitchen cabinets & counter tops, new stove, built in microwave, ceiling fans, 5 new windows, new blinds, new bath mirrors and many updates completed 2017. 2 bonus rooms that can be used for sunroom, office or media rm. Open floor plan to den and kitchen. Separate dining rm and living rm. Master bath has separate shower & garden tub with 2 walk in closets, fenced yard with shed and concrete patio.

13. 2017-09-12
    listed $229,900 Active

    Show marketing remark (523 chars)

    Large 2 story beautiful brick home mins. to 1-10 and town center mall. New flooring, new carpet, new paint, new kitchen cabinets & counter tops, new stove, built in microwave, ceiling fans, 5 new windows, new blinds, new bath mirrors and many updates completed 2017. 2 bonus rooms that can be used for sunroom, office or media rm. Open floor plan to den and kitchen. Separate dining rm and living rm. Master bath has separate shower & garden tub with 2 walk in closets, fenced yard with shed and concrete patio.

14. 2017-09-11
    listed $229,900
15. 2002-05-06
    soldstatus $157,055

ⓘ 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: $2,697 · $225/mo
• Projected year-2 tax: $2,697 · $225/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 7/10 Severe FEMA zone X (shaded) · 60% 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 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: $26,135
• − Mortgage interest: −$15,124
• − Property taxes: −$2,697
• − Insurance: −$2,148
• − Repairs & maintenance: −$2,091
• − Management: −$2,091
• − Depreciation: −$7,855
• Taxable loss: −$5,870
• Est. tax savings @ 24.0%: +$1,409
• After-tax cash flow: $220/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

+71.9% since first listed

15 events — show timeline

• 2026-05-09 Pending — AcadianaMLS
• 2026-05-09 Pending — GSREIN
• 2026-05-07 Price Changed $270,000 AcadianaMLS
• 2026-05-07 Price Changed $270,000 GSREIN
• 2026-04-30 Price Changed $280,000 GSREIN
• 2026-04-30 Listed $270,000 GSREIN
• 2026-04-30 Listed $280,000 AcadianaMLS
• 2017-11-13 Sold (Public Records) $230,000 Public Records
• 2017-11-09 Sold (MLS) $230,000 GSREIN
• 2017-10-12 Contingent — GSREIN
• 2017-10-03 Relisted — GSREIN
• 2017-09-21 Contingent — GSREIN
• 2017-09-12 Listed $229,900 GSREIN
• 2017-09-11 Listed $229,900 AcadianaMLS
• 2002-05-06 Sold (Public Records) $157,055 Public Records

Property tax history

+0.4%/yr

Latest (2025): $2,697 · -3.5% YoY. Source: county tax records.