42298 Joshua Dr · Hammond, LA 70454

$209,999

3 bd · 2.0 ba · 1,326 sqft · SingleFamily public records · 57 Days on market

Built 2021 9,583 sqft lot $158/sqft · at area comps Est $200k · 5% over

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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 +15.4/30.0
• ARV discount +5.2/15.0
• DSCR +4.7/10.0
• Livability +3.5/5.0
• 1% rule +3.3/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained 3 bedroom, 2 bath home located in Flood Zone X. This inviting property offers an open concept layout with spacious living, dining, and kitchen areas. With modern finishes, neutral gray tones, and an attractive laminate wood plank flooring throughout the home, the new buyers have plenty of options to transform the space into any style their heart desires. The kitchen features ample cabinetry, generous counter space, stainless steel appliances, and a large island for additional seating and entertainment space. This home makes everyday living easy. The living room is bright and comfortable with great wall space ready for any decor you have in mind. Another fabulous feature of this home is its split floorpan that has the primary bedroom with en suite bathroom toward the back and the 2 other bedrooms in the front. Outside, enjoy a large fenced backyard with plenty of room for pets, play, or outdoor gatherings, along with a storage shed and paved patio area. And, don't forget the extended limestone driveway that is ready for boat or rv parking, not to mention rear yard access. With charming curb appeal, lots of parking, and a functional floor plan, this home is move-in ready and a must-see.

Key facts

• Ample cabinetry
• Split floorpan
• Storage shed

Tags

• OPEN CONCEPT LAYOUT
• AMPLE CABINETRY
• LARGE ISLAND
• SPLIT FLOORPAN
• LARGE FENCED BACKYARD
• STORAGE SHED

Property features AI

Exterior

• Parking: Driveway; Three or more parking spaces; Boat parking; RV access/parking
• Utilities: Public water; Public sewer
• Home design: Single-story; Vinyl siding; Shingle roof; Slab foundation; Property in excellent condition; Rectangular lot; Located outside city limits; Lot dimensions approximately 80 x 120
• Construction: Built with vinyl siding; Shingle roof; Slab foundation
• Exterior features: Fence; Paver patio/porch; Shed(s)

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; ENERGY STAR qualified appliances
• Bedrooms: Total rooms: 5
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Attic; Ceiling fans; High-speed internet available; Pantry; Pull-down attic stairs; Stainless steel appliances; Cable TV
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $82 ($983/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (17.2% below list).
• Recommended offer: $174k (17.2% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 5.0% in Hammond — 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 69/100 on livability (#77 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: amenities C-, commute D+, schools D.
• Tangipahoa Parish (rural): math 18% / reading 29% proficiency, ranked #63 of 98 in LA (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 526 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,085 units permitted in Tangipahoa Parish in 2024 (378 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 $6k of value loss. Plan a longer hold.
• Tangipahoa County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 16y 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.

Risks & watch-outs

• Climate carrying-cost: 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 $173,963 (17.2% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.83% ✗
• Cap rate: 6.76%
• Cash-on-cash: 1.67%
• DSCR: 1.07
• GRM: 10.1

CMA / ARV

• ARV (median comp): $199,775
• List price: $209,999
• Delta: 5.12%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
42271 Andrea Ln	0.10mi	3/2.0	1,353 (+2%)	7mo	$212,900	$157	86
42254 Andrea Ln	0.15mi	3/2.0	1,248 (-6%)	15mo	$175,000	$140	71
21206 Beau Chateau Blvd	0.40mi	3/2.0	1,451 (+9%)	3mo	$214,000	$147	64
21376 Beau Chateau Blvd	0.46mi	3/2.0	1,473 (+11%)	0mo	$215,000	$146	60
42257 Southern Pines Dr	0.21mi	4/2.0 (+1)	1,497 (+13%)	7mo	$205,000	$137	58
21163 Beau Chateau Blvd	0.42mi	3/2.0	1,451 (+9%)	18mo	$215,000	$148	50
20470 Egret Rd	0.70mi	3/2.0	1,250 (-6%)	15mo	$222,000	$178	46
21144 Beau Chateau Blvd	0.47mi	3/2.0	1,463 (+10%)	20mo	$217,000	$148	45
42502 Caillier Rd	0.75mi	4/2.0 (+1)	1,446 (+9%)	21mo	$132,000	$91	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 · 0.66% rent growth · sell at horizon

5-year hold

• IRR: -16.1%
• Equity multiple: 0.44×
• Total profit: $-32,886
• Equity at exit: $31,312

10-year hold

• IRR: -12.0%
• Equity multiple: 0.36×
• Total profit: $-37,881
• Equity at exit: $18,157

Cash invested: $58,800 (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 70454

• Rents YoY: 0.7%
• Active inventory: 526
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,740 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$104 /mo · $1,244/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $82

Break-even live

Break-even rent $1,636

Max offer price $209,999

Occupancy floor 90%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
42318 Andrea Ln Ponchatoula, LA	3.0	2.0	1291	$1,800	$1.39	43d	1	0.14mi

Listing history 38 events

1. 2026-06-19
   days on market $209,999 Active 57 DOM
2. 2026-06-18
   days on market $209,999 Active 56 DOM
3. 2026-06-17
   days on market $209,999 Active 55 DOM
4. 2026-06-16
   days on market $209,999 Active 54 DOM
5. 2026-06-15
   days on market $209,999 Active 53 DOM
6. 2026-06-14
   days on market $209,999 Active 51 DOM
7. 2026-06-13
   days on market $209,999 Active 50 DOM
8. 2026-06-10
   days on market $209,999 Active 48 DOM
9. 2026-06-09
   days on market $209,999 Active 47 DOM
10. 2026-06-08
    days on market $209,999 Active 46 DOM
11. 2026-06-07
    days on market $209,999 Active 45 DOM
12. 2026-06-05
    pricedays on market $209,999 Active 42 DOM
13. 2026-06-03
    days on market $212,999 Active 41 DOM
14. 2026-06-02
    days on market $212,999 Active 40 DOM
15. 2026-06-01
    days on market $212,999 Active 39 DOM
16. 2026-05-31
    days on market $212,999 Active 38 DOM
17. 2026-05-30
    days on market $212,999 Active 37 DOM
18. 2026-05-14
    price $212,999 1219-char remark

    Show marketing remark (1219 chars)

    Well-maintained 3 bedroom, 2 bath home located in Flood Zone X. This inviting property offers an open concept layout with spacious living, dining, and kitchen areas. With modern finishes, neutral gray tones, and an attractive laminate wood plank flooring throughout the home, the new buyers have plenty of options to transform the space into any style their heart desires. The kitchen features ample cabinetry, generous counter space, stainless steel appliances, and a large island for additional seating and entertainment space. This home makes everyday living easy. The living room is bright and comfortable with great wall space ready for any decor you have in mind. Another fabulous feature of this home is its split floorpan that has the primary bedroom with en suite bathroom toward the back and the 2 other bedrooms in the front. Outside, enjoy a large fenced backyard with plenty of room for pets, play, or outdoor gatherings, along with a storage shed and paved patio area. And, don't forget the extended limestone driveway that is ready for boat or rv parking, not to mention rear yard access. With charming curb appeal, lots of parking, and a functional floor plan, this home is move-in ready and a must-see.

19. 2026-05-14
    price $212,999 1219-char remark

    Show marketing remark (1219 chars)

    Well-maintained 3 bedroom, 2 bath home located in Flood Zone X. This inviting property offers an open concept layout with spacious living, dining, and kitchen areas. With modern finishes, neutral gray tones, and an attractive laminate wood plank flooring throughout the home, the new buyers have plenty of options to transform the space into any style their heart desires. The kitchen features ample cabinetry, generous counter space, stainless steel appliances, and a large island for additional seating and entertainment space. This home makes everyday living easy. The living room is bright and comfortable with great wall space ready for any decor you have in mind. Another fabulous feature of this home is its split floorpan that has the primary bedroom with en suite bathroom toward the back and the 2 other bedrooms in the front. Outside, enjoy a large fenced backyard with plenty of room for pets, play, or outdoor gatherings, along with a storage shed and paved patio area. And, don't forget the extended limestone driveway that is ready for boat or rv parking, not to mention rear yard access. With charming curb appeal, lots of parking, and a functional floor plan, this home is move-in ready and a must-see.

20. 2026-04-23
    listed $215,999 Active 1219-char remark

    Show marketing remark (1219 chars)

    Well-maintained 3 bedroom, 2 bath home located in Flood Zone X. This inviting property offers an open concept layout with spacious living, dining, and kitchen areas. With modern finishes, neutral gray tones, and an attractive laminate wood plank flooring throughout the home, the new buyers have plenty of options to transform the space into any style their heart desires. The kitchen features ample cabinetry, generous counter space, stainless steel appliances, and a large island for additional seating and entertainment space. This home makes everyday living easy. The living room is bright and comfortable with great wall space ready for any decor you have in mind. Another fabulous feature of this home is its split floorpan that has the primary bedroom with en suite bathroom toward the back and the 2 other bedrooms in the front. Outside, enjoy a large fenced backyard with plenty of room for pets, play, or outdoor gatherings, along with a storage shed and paved patio area. And, don't forget the extended limestone driveway that is ready for boat or rv parking, not to mention rear yard access. With charming curb appeal, lots of parking, and a functional floor plan, this home is move-in ready and a must-see.

21. 2026-04-23
    listed $215,999 Active 1219-char remark

    Show marketing remark (1219 chars)

    Well-maintained 3 bedroom, 2 bath home located in Flood Zone X. This inviting property offers an open concept layout with spacious living, dining, and kitchen areas. With modern finishes, neutral gray tones, and an attractive laminate wood plank flooring throughout the home, the new buyers have plenty of options to transform the space into any style their heart desires. The kitchen features ample cabinetry, generous counter space, stainless steel appliances, and a large island for additional seating and entertainment space. This home makes everyday living easy. The living room is bright and comfortable with great wall space ready for any decor you have in mind. Another fabulous feature of this home is its split floorpan that has the primary bedroom with en suite bathroom toward the back and the 2 other bedrooms in the front. Outside, enjoy a large fenced backyard with plenty of room for pets, play, or outdoor gatherings, along with a storage shed and paved patio area. And, don't forget the extended limestone driveway that is ready for boat or rv parking, not to mention rear yard access. With charming curb appeal, lots of parking, and a functional floor plan, this home is move-in ready and a must-see.

22. 2022-04-25
    soldstatus $183,000
23. 2022-04-21
    soldstatus Sold

    Show marketing remark (167 chars)

    Like new 3 bedroom, 2 bath home in Southern Pines Estates East of Ponchatoula in flood zone X with fenced in backyard, storage shed on concrete and large parking area.

24. 2022-04-21
    soldstatus $183,000 Closed

    Show marketing remark (167 chars)

    Like new 3 bedroom, 2 bath home in Southern Pines Estates East of Ponchatoula in flood zone X with fenced in backyard, storage shed on concrete and large parking area.

25. 2022-03-07
    status Pending

    Show marketing remark (167 chars)

    Like new 3 bedroom, 2 bath home in Southern Pines Estates East of Ponchatoula in flood zone X with fenced in backyard, storage shed on concrete and large parking area.

26. 2022-03-07
    status Pending

    Show marketing remark (167 chars)

    Like new 3 bedroom, 2 bath home in Southern Pines Estates East of Ponchatoula in flood zone X with fenced in backyard, storage shed on concrete and large parking area.

27. 2022-03-03
    listed $180,000 Active

    Show marketing remark (167 chars)

    Like new 3 bedroom, 2 bath home in Southern Pines Estates East of Ponchatoula in flood zone X with fenced in backyard, storage shed on concrete and large parking area.

28. 2022-03-03
    listed $180,000 Active

    Show marketing remark (167 chars)

    Like new 3 bedroom, 2 bath home in Southern Pines Estates East of Ponchatoula in flood zone X with fenced in backyard, storage shed on concrete and large parking area.

29. 2022-03-03
    listed $180,000

    Show marketing remark (167 chars)

    Like new 3 bedroom, 2 bath home in Southern Pines Estates East of Ponchatoula in flood zone X with fenced in backyard, storage shed on concrete and large parking area.

30. 2022-03-03
    listed $180,000

    Show marketing remark (167 chars)

    Like new 3 bedroom, 2 bath home in Southern Pines Estates East of Ponchatoula in flood zone X with fenced in backyard, storage shed on concrete and large parking area.

31. 2021-03-31
    soldstatus $152,240 Closed
32. 2020-10-06
    status Pending
33. 2020-09-30
    price $148,900
34. 2020-08-31
    listed $144,900 Active
35. 2020-08-31
    listed $148,900
36. 2020-07-01
    soldstatus $833,500
37. 2010-03-16
    listed $92,000
38. 2010-03-16
    listed $92,000

ⓘ 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: $1,244 · $104/mo
• Projected year-2 tax: $1,244 · $104/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,876
• − Mortgage interest: −$11,763
• − Property taxes: −$1,244
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,670
• − Management: −$1,670
• − Depreciation: −$6,109
• Taxable loss: −$2,631
• Est. tax savings @ 24.0%: +$631
• After-tax cash flow: $1,614/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: Tangipahoa Parish
• NCES district ID: 2201680
• Math proficiency: 18% ▼ -32.00%
• Reading proficiency: 29% ▼ -31.00%
• Median HH income: $41,283
• Composite: 19.94/100
• National rank: #8676
• State rank: #63 of 98 in LA

Livability — Hammond

• Score: 69/100
• State rank: #77
• US rank: #8868

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Tangipahoa Parish · 85,958 people
• City population: 51,394
• Metro: Hammond, LA
• Population (ZIP): 34,564
• Household income: $71,611
• Rent vs Own: 16.3% rent · 83.7% own
• Severe rent burden: 479.0

Population outlook (Tangipahoa County) Hauer SSP2

• Today (2025): 144,204 people
• By 2030: 151,413 · +5.0%
• By 2040: 164,374 · +14.0%
• By 2050: 175,427 · +21.7%
• By 2075: 195,165 · +35.3%
• By 2100: 201,641 · +39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 16% Two or more races 8% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 15% Slovak 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Tangipahoa

• 2024 margin: Solid R (+37.4) · D 30.6% · R 68.0% · Other 1.3%
• 2008→2024 swing: -6.5pp toward R · 2008: -30.9pp · 2024: -37.4pp
• All cycles: 2024: R+37.4 2020: R+32.8 2016: R+32.6 2012: R+27.7 2008: R+30.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.55%
• Current HPI: 129.6069
• Rent YoY: ▲ 0.66%
• Metro: Hammond, 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

+128.3% since first listed

23 events — show timeline

• 2026-06-04 Price Changed $209,999 AcadianaMLS
• 2026-06-04 Price Changed $209,999 GSREIN
• 2026-05-14 Price Changed $212,999 AcadianaMLS
• 2026-05-14 Price Changed $212,999 GSREIN
• 2026-04-23 Listed $215,999 GSREIN
• 2026-04-23 Listed $215,999 AcadianaMLS
• 2022-04-25 Sold (Public Records) $183,000 Public Records
• 2022-04-21 Sold (MLS) $183,000 GSREIN
• 2022-04-21 Sold (MLS) — GBRMLS
• 2022-03-07 Pending — GBRMLS
• 2022-03-07 Pending — GSREIN
• 2022-03-03 Listed $180,000 AcadianaMLS
• 2022-03-03 Listed $180,000 GSREIN
• 2022-03-03 Listed $180,000 AcadianaMLS
• 2022-03-03 Listed $180,000 GBRMLS
• 2021-03-31 Sold (MLS) $152,240 GSREIN
• 2020-10-06 Pending — GSREIN
• 2020-09-30 Price Changed $148,900 GSREIN
• 2020-08-31 Listed $148,900 AcadianaMLS
• 2020-08-31 Listed $144,900 GSREIN
• 2020-07-01 Sold (Public Records) $833,500 Public Records
• 2010-03-16 Listed $92,000 GSREIN
• 2010-03-16 Listed $92,000 AcadianaMLS

Property tax history

+31.2%/yr

Latest (2025): $1,244 · +1.0% YoY. Source: county tax records.