100299 . 6 Home SFR Slidell, LA, New Orleans, LA 70460
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Solid pro forma net cap rate of 9.11%
Pro forma net operating income of $89,239
100% Occupied! Motivated Seller
The market price of homes in this portfolio are 21% higher than the asking price
Single-family rent in Slidell is up 12% year over year according to Zumper.com
Single-family home occupancy rate in New Orleans is at 91.4%
Projected year 1 model 3% rent increase for Slidell
YOY Predicted HPA for Slidell in 2021 is 7.33%
Slidell's latest annual appreciation rate is higher than 80% of the other cities and towns in Louisiana
The average days on market for Single Family Homes is only 7 days because of the extremely low supply
Renters make up 32.5% of the Slidell single-family housing
Recent job growth is Positive as Slidell jobs have increased by 1.4%
All SVN® Offices Independently Owned & Operated
Local Broker License Information: www.SFRhub.com/realstatelicensing
Visit www.SFRhub.com and search for portfolio 100299 for more information.
Director of Brokerage Services
SVN | SFRhub Advisors
License #: BR507919000
NAI Latter & Blum
Commercial Sales & Leasing
100% Occupied! Motivated Seller!
This 6 home single-family residential investment portfolio in Slidell, LA is located a short distance from New Orleans, LA. Located on the northeast shore of Lake Pontchartrain, the greater Slidell area had an estimated 2019 population of about 27,892, according to the United States Census Bureau. The portfolio is comprised of properties located in Slidell and Chalmette.
This portfolio offers an investor immediate cash flow in the Slidell market with 100% occupancy. This portfolio can be packaged for an investor with any of our other portfolios in Louisiana, as well as throughout the country. The average year-built of homes in this portfolio is 1994, with an average of 1,625 square feet per home. Rental rates throughout the portfolio are on average $1,422 a month, which are continuing to climb in this submarket and will continue bringing increased cash flow to investors’ bottom line over the years.
This 6 home SFR investment portfolio is listed at only $100 per square foot, compared to Slidell’s median sales price of $128 per square foot in the Slidell market. The Slidell market is also at a median sales price of $240,000 per home, which is much higher than the asking price of this portfolio of $163,333 per home. Slidell home values are currently up 12.4% since last year.