709 S Chestnut St · Hammond, LA 70403

$110,000

3 bd · 1.0 ba · 1,291 sqft · SingleFamily public records · 12 Days on market

Built 1969 7,405 sqft lot Est $177k · 38% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits in the heart of the East Iowa District in downtown Hammond! This 3-bedroom, 1-bath home sits on a deep 150' lot and is full of potential for someone looking to make their mark in one of Hammond's growing areas. Whether you're looking for a personal residence, investment property, or renovation project, this home offers the chance to enjoy downtown living with restaurants, shopping, events, and local charm just minutes away. The property may qualify for FHA, VA, or USDA renovation financing programs for buyers looking to roll improvements into their loan. Otherwise, conventional financing or cash will likely be required. Many of the pictures are virtually stage to show the potential of the property.

Key facts

• Downtown hammond
• Deep lot
• Events

Tags

• DEEP LOT
• DOWNTOWN HAMMOND
• RESTAURANTS
• SHOPPING
• EVENTS
• LOCAL CHARM

Property features AI

Exterior

• Parking: Driveway; Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-story; Brick exterior
• Construction: Shingle roof; Slab foundation
• Exterior features: City lot; Rectangular lot; Lot dimensions approximately 50 x 150

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Heating present; Cooling present
• Interior features: Total of 6 rooms; Average condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $663 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Cap rate 13.5% 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; 329 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
• This rent runs 39% of the median local income ($51k/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 $761 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.3% rent growth), your $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000

Questions for the listing agent

1. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
6. 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.
7. 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: 1.51% ✓
• Cap rate: 13.52%
• Cash-on-cash: 25.82%
• DSCR: 2.15
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $176,867
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
801 S Chestnut St	0.03mi	3/1.0	1,235 (-4%)	13mo	$135,000	$109	80
803 S Chestnut St	0.05mi	3/1.0	1,133 (-12%)	2mo	$155,000	$137	76
910 S Holly St	0.27mi	3/1.5	1,324 (+3%)	11mo	$189,000	$143	72
1006 S Chestnut St	0.20mi	3/1.0	1,198 (-7%)	14mo	$135,000	$113	67
1005 E Thomas St	0.52mi	3/1.0	1,365 (+6%)	1mo	$110,000	$81	65
17182 E Park Ave	0.56mi	3/2.0	1,259 (-2%)	1mo	$218,000	$173	65
44384 Easy St	0.48mi	3/1.0	1,282 (-1%)	14mo	$50,000	$39	65
501 S Holly St	0.27mi	3/2.0	1,480 (+15%)	4mo	$222,000	$150	55
1100 S Oak St	0.58mi	4/2.0 (+1)	1,349 (+4%)	7mo	$105,000	$78	51
44049 Fern St	0.54mi	3/2.0	1,447 (+12%)	2mo	$225,000	$155	49
506 E Church St	0.65mi	3/1.0	1,174 (-9%)	7mo	$49,000	$42	48
303 E Park Ave	0.28mi	2/2.0 (-1)	1,128 (-13%)	14mo	$185,000	$164	45

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 · 0.33% rent growth · sell at horizon

5-year hold

• IRR: 16.6%
• Equity multiple: 1.65×
• Total profit: $19,989
• Equity at exit: $16,401

10-year hold

• IRR: 23.3%
• Equity multiple: 2.77×
• Total profit: $54,657
• Equity at exit: $9,511

Cash invested: $30,800 (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 70403

• Home prices YoY: -34.1%
• Rents YoY: 0.3%
• Active inventory: 329
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,663 high
• Mortgage (P&I): −$577
• Tax from tax record: −$28 /mo · $341/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $663

Break-even live

Break-even rent $824

Max offer price $110,000

Occupancy floor 55%

Sensitivity live

Price	-10% $725	-5% $694	+0% $663	+5% $632	+10% $600
Rent	-10% $531	-5% $597	+0% $663	+5% $728	+10% $794
Rate	-1.0pp $718	-0.5pp $691	base $663	+0.5pp $634	+1.0pp $605

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
410 E Park Ave Hammond, LA	3.0	2.0	1800	$1,700	$0.94	44d	1	0.20mi
17019 E Louisiana Ave Hammond, LA	3.0	2.0	1723	$1,995	$1.16	44d	1	0.25mi
402 S Cherry St Hammond, LA	3.0	2.0	1400	$1,700	$1.21	44d	1	0.38mi
100 S Cypress St Hammond, LA	2.0	2.5	1100	$1,750	$1.59	44d	1	0.59mi
1002 S Pine St Hammond, LA	3.0	2.5	1324	$1,500	$1.13	44d	1	0.68mi
44347 Simpson Pl Unit 1 Hammond, LA	2.0	1.0	960	$950	$0.99	44d	1	0.74mi
221 W Thomas St Unit A Hammond, LA	3.0	1.0	1400	$2,050	$1.46	44d	1	0.74mi
408 E Michigan St Hammond, LA	2.0	1.0	1222	$1,350	$1.10	44d	1	0.82mi
43215 Creek Cir #507 Hammond, LA	3.0	2.5	1663	$1,700	$1.02	44d	1	0.98mi
1600 Bauerle Rd Hammond, LA	1.0–2.0	1.0–2.0	884	$1,751	$1.98	44d	4	1.01mi
16218 E Minnesota Park Rd Unit 3B Hammond, LA	2.0	2.5	1095	$1,450	$1.32	44d	1	1.09mi
207 S Laurel St Unit B Hammond, LA	3.0	2.0	1100	$1,350	$1.23	44d	1	1.11mi
17597 Tangi Lake Dr Hammond, LA	1.0–3.0	1.0–2.5	1075	$1,500	$1.40	44d	1	1.40mi

Listing history 12 events

1. 2026-06-10
   status $110,000 Pending 12 DOM
2. 2026-06-09
   days on market $110,000 Active 12 DOM
3. 2026-06-08
   days on market $110,000 Active 11 DOM
4. 2026-06-07
   days on market $110,000 Active 10 DOM
5. 2026-06-05
   days on market $110,000 Active 7 DOM
6. 2026-06-03
   days on market $110,000 Active 6 DOM
7. 2026-06-02
   days on market $110,000 Active 5 DOM
8. 2026-06-01
   days on market $110,000 Active 4 DOM
9. 2026-05-31
   days on market $110,000 Active 3 DOM
10. 2026-05-30
    days on market $110,000 Active 2 DOM
11. 2026-05-28
    listed $110,000 Active

    Show marketing remark (726 chars)

    Opportunity awaits in the heart of the East Iowa District in downtown Hammond! This 3-bedroom, 1-bath home sits on a deep 150' lot and is full of potential for someone looking to make their mark in one of Hammond's growing areas. Whether you're looking for a personal residence, investment property, or renovation project, this home offers the chance to enjoy downtown living with restaurants, shopping, events, and local charm just minutes away. The property may qualify for FHA, VA, or USDA renovation financing programs for buyers looking to roll improvements into their loan. Otherwise, conventional financing or cash will likely be required. Many of the pictures are virtually stage to show the potential of the property.

12. 2026-05-28
    listed $110,000 Active 726-char remark

    Show marketing remark (726 chars)

    Opportunity awaits in the heart of the East Iowa District in downtown Hammond! This 3-bedroom, 1-bath home sits on a deep 150' lot and is full of potential for someone looking to make their mark in one of Hammond's growing areas. Whether you're looking for a personal residence, investment property, or renovation project, this home offers the chance to enjoy downtown living with restaurants, shopping, events, and local charm just minutes away. The property may qualify for FHA, VA, or USDA renovation financing programs for buyers looking to roll improvements into their loan. Otherwise, conventional financing or cash will likely be required. Many of the pictures are virtually stage to show the potential of the property.

ⓘ 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: $341 · $28/mo
• Projected year-2 tax: $605 · $50/mo
• Expected delta: +$264/yr (+$22/mo · 77.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,956
• − Mortgage interest: −$6,162
• − Property taxes: −$341
• − Insurance: −$550
• − Repairs & maintenance: −$1,596
• − Management: −$1,596
• − Depreciation: −$3,200
• Taxable income: $6,511
• Est. tax owed @ 24.0%: −$1,563
• After-tax cash flow: $6,390/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

• Census place: Hammond, LA
• County: Tangipahoa Parish · 85,958 people
• City population: 51,394
• Metro: Hammond, LA
• Population (ZIP): 30,173
• Household income: $50,976
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 1201.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 55% Black 37% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% Arabic 1%

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: ▼ -66.04%
• Current HPI: 127.4535
• Rent YoY: ▲ 0.33%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-28 Listed $110,000 AcadianaMLS
• 2026-05-28 Listed $110,000 GSREIN

Property tax history

+2.1%/yr

Latest (2025): $341 · +0.5% YoY. Source: county tax records.