18024 Davie Dr · Hammond, LA 70454

$180,000

3 bd · 2.0 ba · 1,615 sqft · SingleFamily public records · 13 Days on market

Built 1987 Est $255k · 29% under

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Why this score? — see what drove the C+ 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 +22.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +4.9/10.0
• Livability +3.5/5.0
• 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

Discover the possibilities at 18024 Davie Drive! This home offers a functional floor plan with 3 bedrooms plus a versatile bonus room that can be used as a home office, playroom, guest space, or potential 4th bedroom (no closet). Situated on a spacious lot, this property provides the perfect opportunity for buyers looking to add their personal touch and create a space that truly feels like home. Whether you're a first-time homebuyer seeking affordability and future equity, or an investor looking for your next project, this property offers exceptional potential. With room for updates and improvements, the next owner can customize the home to fit their style and needs while enjoying the benefits of homeownership and long-term value. The generous yard provides additional space for outdoor living, entertaining, gardening, or future enhancements. Sold as-is. Don't miss the chance to make this property your own and unlock its full potential. Schedule your private showing today. X Flood ZONE

Key facts

• Generous yard
• Spacious lot
• Versatile bonus room

Tags

• FUNCTIONAL FLOOR PLAN
• VERSATILE BONUS ROOM
• SPACIOUS LOT
• GENEROUS YARD
• OUTDOOR LIVING
• EXCEPTIONAL POTENTIAL

Property features AI

Exterior

• Parking: Driveway with two parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-story home; Raised foundation
• Construction: Wood siding exterior; Shingle roof
• Exterior features: Outside city limits; Rectangular lot; Lot dimensions approximately 75 x 135

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Total of 6 rooms; Average condition

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $300 ($4k/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 $179k (0.8% below list).
• Recommended offer: $179k (0.8% below list) — sets the bar for 1% rule.
• Cap rate 8.3% 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; 527 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 19y 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 $146k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major 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 $178,506 (0.8% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.99% ✗
• Cap rate: 8.29%
• Cash-on-cash: 7.15%
• DSCR: 1.32
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $255,170
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18122 Bass Lake Trl	0.18mi	3/2.0	1,424 (-12%)	15mo	$230,000	$162	60
17379 Oak Hollow Dr	0.71mi	4/2.0 (+1)	1,800 (+12%)	1mo	$268,500	$149	42
17640 Milan Dr	0.68mi	3/2.0	1,745 (+8%)	16mo	$250,000	$143	42
43281 W Pleasant Ridge Rd	0.73mi	3/2.0	1,425 (-12%)	16mo	$225,000	$158	33
17467 Milan Dr	0.73mi	3/2.0	1,815 (+12%)	16mo	$262,500	$145	32
17635 Milan Dr	0.69mi	3/2.0	1,372 (-15%)	15mo	$222,000	$162	30

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: -7.8%
• Equity multiple: 0.72×
• Total profit: $-14,211
• Equity at exit: $26,839

10-year hold

• IRR: -1.3%
• Equity multiple: 0.92×
• Total profit: $-4,061
• Equity at exit: $15,563

Cash invested: $50,400 (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: 527
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,785 high
• Mortgage (P&I): −$944
• Tax from tax record: −$91 /mo · $1,093/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $300

Break-even live

Break-even rent $1,405

Max offer price $180,000

Occupancy floor 78%

Sensitivity live

Price	-10% $402	-5% $351	+0% $300	+5% $249	+10% $198
Rent	-10% $159	-5% $230	+0% $300	+5% $371	+10% $441
Rate	-1.0pp $391	-0.5pp $346	base $300	+0.5pp $254	+1.0pp $206

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18025 Bass Lake Trl Ponchatoula, LA	3.0	2.0	1490	$1,700	$1.14	45d	1	0.03mi
42594 Sac au Lait Dr Ponchatoula, LA	3.0	2.0	1490	$1,700	$1.14	45d	1	0.28mi
19216 Dr John Lambert Dr Hammond, LA	1.0–3.0	1.0–2.0	995	$1,808	$1.82	15d	10	1.17mi
16218 E Minnesota Park Rd Unit 3B Hammond, LA	2.0	2.5	1095	$1,450	$1.32	45d	1	1.40mi
43215 Creek Cir #507 Hammond, LA	3.0	2.5	1663	$1,700	$1.02	45d	1	1.45mi
42164 Garden Dr Ponchatoula, LA	3.0	2.0	1497	$1,950	$1.30	45d	1	1.47mi

Listing history 11 events

1. 2026-06-21
   days on market $180,000 Active 13 DOM
2. 2026-06-19
   days on market $180,000 Active 11 DOM
3. 2026-06-18
   days on market $180,000 Active 10 DOM
4. 2026-06-17
   days on market $180,000 Active 9 DOM
5. 2026-06-16
   days on market $180,000 Active 8 DOM
6. 2026-06-15
   days on market $180,000 Active 7 DOM
7. 2026-06-14
   days on market $180,000 Active 5 DOM
8. 2026-06-13
   days on market $180,000 Active 4 DOM
9. 2026-06-10
   days on market $180,000 Active 2 DOM
10. 2026-06-09
    remarks 699-char remark
11. 2026-06-09
    listed $180,000 Active 1 DOM

ⓘ 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: $1,093 · $91/mo
• Projected year-2 tax: $1,093 · $91/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 6/10 Major FEMA zone X (unshaded) · 95% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 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: $21,421
• − Mortgage interest: −$10,083
• − Property taxes: −$1,093
• − Insurance: −$900
• − Repairs & maintenance: −$1,714
• − Management: −$1,714
• − Depreciation: −$5,236
• Taxable income: $681
• Est. tax owed @ 24.0%: −$164
• After-tax cash flow: $3,439/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

+111.8% since first listed

17 events — show timeline

• 2026-06-08 Listed $180,000 AcadianaMLS
• 2026-06-08 Listed $180,000 GSREIN
• 2020-09-16 Sold (Public Records) $146,000 Public Records
• 2020-09-16 Sold (MLS) $146,000 GSREIN
• 2020-08-05 Pending — GSREIN
• 2020-07-31 Price Changed $140,000 GSREIN
• 2020-07-01 Listed $140,000 AcadianaMLS
• 2020-07-01 Listed $145,000 GSREIN
• 2008-03-03 Sold (Public Records) $129,000 Public Records
• 2008-02-29 Sold (MLS) $129,000 GSREIN
• 2007-08-06 Listed $135,000 GSREIN
• 2007-08-06 Listed $135,000 AcadianaMLS
• 2007-07-20 Sold (Public Records) $88,000 Public Records
• 2007-07-18 Sold (MLS) $88,000 GSREIN
• 2007-05-31 Listed $110,000 AcadianaMLS
• 2007-05-31 Listed $110,000 GSREIN
• 2003-10-06 Sold (Public Records) $85,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $1,093 · +0.4% YoY. Source: county tax records.