3065 S Palm Dr · Slidell, LA 70458

$125,000

3 bd · 3.0 ba · 2,507 sqft · SingleFamily public records · 60 Days on market

Built 2011 0.33 ac lot $50/sqft · 43% below area Est $219k · 43% under ↓ 46% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

BANKRUPTCY CASE 3-bedroom, 3-bath, 2-story waterfront home contains 2495 SF living/3545 SF total. Excellent floor plan with lake views, expansive windows, back yard patio, dream kitchen, granite counters, vaulted ceilings, and a separate dining room. Additional features include deck access from all three bedrooms, updated bathrooms with jetted tubs, and a two-car garage. The lot size is 105 x 135. All cash sale, "As is Where is" condition, 30-day closing, 10% deposit, seller's notary. Subject to Bankruptcy Court approval.

Key facts

• 0.33 acre lot
• Built 2011
• Listed 60 days

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $825 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.2% 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; 1 comparable units currently listed for rent nearby; 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 40% 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 $864 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 1.5% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 18 sale attempts since 22y ago; this cycle's ask is 67% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
8. 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.
9. 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.
10. 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: 1.92% ✓
• Cap rate: 14.21%
• Cash-on-cash: 28.27%
• DSCR: 2.26
• GRM: 4.3

CMA / ARV

• ARV (median comp): $218,527
• List price: $125,000
• Delta: -42.80%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3004 S Palm Dr	0.42mi	4/3.0 (+1)	2,378 (-5%)	0mo	$256,000	$108	67
3069 S Palm Dr	0.03mi	3/2.0	2,172 (-13%)	23mo	$125,000	$58	53
105 Parkbrook Cir	0.55mi	4/2.0 (+1)	2,231 (-11%)	1mo	$165,000	$74	46
311 Oleander Dr	0.44mi	4/3.0 (+1)	2,144 (-14%)	7mo	$141,800	$66	44
57316 Talen Ln	0.69mi	4/3.5 (+1)	2,407 (-4%)	22mo	$347,000	$144	36
311 Dorset Dr	0.69mi	4/2.0 (+1)	2,150 (-14%)	20mo	$180,000	$84	18

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: 20.6%
• Equity multiple: 1.82×
• Total profit: $28,785
• Equity at exit: $18,638

10-year hold

• IRR: 27.7%
• Equity multiple: 3.25×
• Total profit: $78,875
• Equity at exit: $10,808

Cash invested: $35,000 (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: 4.3×

Monthly cashflow live

• Estimated rent: $2,399 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$363 /mo · $4,354/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$504
• Net cashflow: $825

Break-even live

Break-even rent $1,355

Max offer price $125,000

Occupancy floor 61%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3106 Little Pl Slidell, LA	3.0	3.0	3000	$4,900	$1.63	3d	1	0.20mi

Listing history 38 events

1. 2026-05-06
   status Pending 537-char remark

   Show marketing remark (537 chars)

   BANKRUPTCY CASE 3-bedroom, 3-bath, 2-story waterfront home contains 2495 SF living/3545 SF total. Excellent floor plan with lake views, expansive windows, back yard patio, dream kitchen, granite counters, vaulted ceilings, and a separate dining room. Additional features include deck access from all three bedrooms, updated bathrooms with jetted tubs, and a two-car garage. The lot size is 105 x 135. All cash sale, "As is Where is" condition, 30-day closing, 10% deposit, seller's notary. Subject to Bankruptcy Court approval.

2. 2026-04-15
   status Active 537-char remark

   Show marketing remark (537 chars)

   BANKRUPTCY CASE 3-bedroom, 3-bath, 2-story waterfront home contains 2495 SF living/3545 SF total. Excellent floor plan with lake views, expansive windows, back yard patio, dream kitchen, granite counters, vaulted ceilings, and a separate dining room. Additional features include deck access from all three bedrooms, updated bathrooms with jetted tubs, and a two-car garage. The lot size is 105 x 135. All cash sale, "As is Where is" condition, 30-day closing, 10% deposit, seller's notary. Subject to Bankruptcy Court approval.

3. 2026-04-15
   price $125,000 537-char remark

   Show marketing remark (537 chars)

   BANKRUPTCY CASE 3-bedroom, 3-bath, 2-story waterfront home contains 2495 SF living/3545 SF total. Excellent floor plan with lake views, expansive windows, back yard patio, dream kitchen, granite counters, vaulted ceilings, and a separate dining room. Additional features include deck access from all three bedrooms, updated bathrooms with jetted tubs, and a two-car garage. The lot size is 105 x 135. All cash sale, "As is Where is" condition, 30-day closing, 10% deposit, seller's notary. Subject to Bankruptcy Court approval.

4. 2024-11-30
   listed $75,000 Active 537-char remark

   Show marketing remark (537 chars)

   BANKRUPTCY CASE 3-bedroom, 3-bath, 2-story waterfront home contains 2495 SF living/3545 SF total. Excellent floor plan with lake views, expansive windows, back yard patio, dream kitchen, granite counters, vaulted ceilings, and a separate dining room. Additional features include deck access from all three bedrooms, updated bathrooms with jetted tubs, and a two-car garage. The lot size is 105 x 135. All cash sale, "As is Where is" condition, 30-day closing, 10% deposit, seller's notary. Subject to Bankruptcy Court approval.

5. 2024-07-09
   listed $276,945
6. 2024-04-15
   price $276,945
7. 2024-02-20
   listed $276,945
8. 2020-03-27
   listed $349,500
9. 2018-12-17
   status Pending Continue to Show
10. 2018-12-17
    soldstatus $325,500 Sold
11. 2018-07-13
    soldstatus $325,500
12. 2018-06-06
    historical
13. 2018-05-29
    price $325,500
14. 2018-05-14
    price $329,000
15. 2018-04-10
    price $334,000
16. 2018-03-05
    listed $339,000 Active
17. 2018-03-05
    listed $325,500
18. 2018-02-14
    historical
19. 2017-11-14
    listed $339,000 Active
20. 2017-11-14
    listed $339,000
21. 2017-08-03
    historical
22. 2017-06-04
    price $309,500
23. 2017-05-06
    listed $311,500 Active
24. 2017-05-05
    listed $309,500
25. 2017-04-16
    historical
26. 2017-02-02
    price $311,500
27. 2016-10-13
    price $321,500
28. 2016-10-03
    listed $324,500 Active
29. 2016-10-01
    listed $311,500
30. 2016-03-01
    soldstatus $180,000
31. 2006-07-07
    soldstatus $116,000
32. 2006-06-30
    soldstatus $116,000
33. 2006-03-24
    listed $150,000
34. 2006-03-24
    listed $150,000
35. 2004-07-01
    soldstatus $215,000
36. 2004-06-29
    soldstatus $215,000
37. 2004-03-20
    listed $229,900
38. 2004-03-20
    listed $229,900

ⓘ 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: $4,354 · $363/mo
• Projected year-2 tax: $4,354 · $363/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 10/10 Extreme 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 21 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: $28,784
• − Mortgage interest: −$7,002
• − Property taxes: −$4,354
• − Insurance: −$625
• − Repairs & maintenance: −$2,303
• − Management: −$2,303
• − Depreciation: −$3,636
• Taxable income: $8,561
• Est. tax owed @ 24.0%: −$2,055
• After-tax cash flow: $7,840/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

• Census place: Slidell, LA
• 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

-45.6% since first listed

38 events — show timeline

• 2026-05-06 Pending — AcadianaMLS
• 2026-04-15 Relisted — AcadianaMLS
• 2026-04-15 Price Changed $125,000 AcadianaMLS
• 2024-11-30 Listed $75,000 AcadianaMLS
• 2024-07-09 Listed $276,945 AcadianaMLS
• 2024-04-15 Price Changed $276,945 GSREIN
• 2024-02-20 Listed $276,945 AcadianaMLS
• 2020-03-27 Listed $349,500 AcadianaMLS
• 2018-12-17 Relisted — GSREIN
• 2018-12-17 Sold (MLS) $325,500 GSREIN
• 2018-07-13 Sold (Public Records) $325,500 Public Records
• 2018-06-06 Listing Removed — GSREIN
• 2018-05-29 Price Changed $325,500 GSREIN
• 2018-05-14 Price Changed $329,000 GSREIN
• 2018-04-10 Price Changed $334,000 GSREIN
• 2018-03-05 Listed $325,500 AcadianaMLS
• 2018-03-05 Listed $339,000 GSREIN
• 2018-02-14 Listing Removed — GSREIN
• 2017-11-14 Listed $339,000 GSREIN
• 2017-11-14 Listed $339,000 AcadianaMLS
• 2017-08-03 Listing Removed — GSREIN
• 2017-06-04 Price Changed $309,500 GSREIN
• 2017-05-06 Listed $311,500 GSREIN
• 2017-05-05 Listed $309,500 AcadianaMLS
• 2017-04-16 Listing Removed — GSREIN
• 2017-02-02 Price Changed $311,500 GSREIN
• 2016-10-13 Price Changed $321,500 GSREIN
• 2016-10-03 Listed $324,500 GSREIN
• 2016-10-01 Listed $311,500 AcadianaMLS
• 2016-03-01 Sold (Public Records) $180,000 Public Records
• 2006-07-07 Sold (Public Records) $116,000 Public Records
• 2006-06-30 Sold (MLS) $116,000 GSREIN
• 2006-03-24 Listed $150,000 AcadianaMLS
• 2006-03-24 Listed $150,000 GSREIN
• 2004-07-01 Sold (Public Records) $215,000 Public Records
• 2004-06-29 Sold (MLS) $215,000 GSREIN
• 2004-03-20 Listed $229,900 AcadianaMLS
• 2004-03-20 Listed $229,900 GSREIN

Property tax history

+18.9%/yr

Latest (2025): $4,354 · -6.3% YoY. Source: county tax records.