2707 Rue Street Martin Apt A · Hammond, LA 70403

$89,000

2 bd · 1.5 ba · 1,200 sqft · SingleFamily · 109 Days on market

Built 1983 Fair condition 2-car garage $74/sqft · 49% below area Est $173k · 49% 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 +2.0/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Condo for sale in quiet Villa West Hammond. The one listed is the unit in the middle with the balcony. The unit is around 1,100 square feet, 2 bedroom, 1.5 bath. I have rented it for $950 for the past 13 months. Current tenant just moved out because he bought his own home. The unit has a new ac, around 1 year old. New hot water heater, also around 1 year old. New windows, and new flooring on stairs and upstairs has all new luxury vinyl plank. Nothing needs to be done to rent it out again. Reason for selling is I am moving to Baton Rouge to attend law school in the fall. I do not need to sell, but the extra capital would be helpful for my time over there. Minutes from the mall and all amenities including Southeastern's University and many restaurants. Furniture is not included it is just for visuals. NO HOA Dues offers extra cash flow allowing owner to manager their own property or hire an independent company. Other owners are simple to connect with for property improvements.

Key facts

• Luxury vinyl plank
• Balcony
• New flooring

Tags

• NEW AC
• NEW HOT WATER HEATER
• NEW WINDOWS
• NEW FLOORING
• LUXURY VINYL PLANK
• BALCONY

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $89k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $503 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $81k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 4.8% 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+, crime F.
• 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.
• Zoned schools: Hammond Westside Montessori (math 15% / reading 21%, grade F, #472 of 646 statewide, top 74%, 1,072 students, 73% FRL); Greenville Park Leadership Academy (math 8% / reading 12%, grade F, #199 of 218 statewide, top 92%, 447 students, 86% FRL); Hammond High Magnet School (math 19% / reading 28%, grade F, #167 of 265 statewide, top 63%, 1,750 students, 64% FRL) — zoned schools at 74% FRL track the district average.
• Market conditions: Rents flat; 429 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals lingering (median 140d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 33% 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 $615 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 $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($81k) is reasonable based on typical stale-listing flexibility.
• 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.

Recommended offer $80,990 (9.0% below list)

Questions for the listing agent

1. It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.59% ✓
• Cap rate: 13.07%
• Cash-on-cash: 24.20%
• DSCR: 2.08
• GRM: 5.2

CMA / ARV

• ARV (median comp): $172,966
• List price: $89,000
• Delta: -48.54%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
506 E Church St	0.37mi	3/1.0 (+1)	1,174 (-2%)	10mo	$49,000	$42	64
709 S Olive St	0.61mi	2/2.0	1,139 (-5%)	2mo	$150,000	$132	59
410 E Michigan St	0.42mi	3/2.0 (+1)	1,308 (+9%)	3mo	$86,500	$66	56
1010 W Charles St	0.69mi	3/2.0 (+1)	1,190 (-1%)	4mo	$182,000	$153	56
803 S Chestnut St	0.68mi	3/1.0 (+1)	1,133 (-6%)	5mo	$155,000	$137	48
703 Edwin Neill Way	0.50mi	2/2.0	1,375 (+15%)	6mo	$82,500	$60	46
801 S Chestnut St	0.67mi	3/1.0 (+1)	1,235 (+3%)	16mo	$135,000	$109	43
200 Cotton Ln	0.73mi	3/2.0 (+1)	1,275 (+6%)	13mo	$215,000	$169	38
1005 E Thomas St	0.65mi	3/1.0 (+1)	1,365 (+14%)	4mo	$110,000	$81	36
910 S Holly St	0.66mi	3/1.5 (+1)	1,324 (+10%)	14mo	$189,000	$143	35
707 E Louisiana Ave	0.72mi	3/2.0 (+1)	1,028 (-14%)	4mo	$140,000	$136	32
805 E Illinois St	0.72mi	3/1.0 (+1)	1,041 (-13%)	15mo	$112,500	$108	25

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: 14.4%
• Equity multiple: 1.56×
• Total profit: $13,906
• Equity at exit: $13,270

10-year hold

• IRR: 21.1%
• Equity multiple: 2.57×
• Total profit: $39,011
• Equity at exit: $7,695

Cash invested: $24,920 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 21 active · 7 under contract
• Months of supply: 12.6 mo (8%/mo absorbed)
• Median asking: $149,900 ($123/sqft)
• Median days on market: 101 d
• This list price: 14% of active listings are priced below it
• ARV vs active asking: +17.4% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70403

• Home prices YoY: -34.1%
• Rents YoY: 0.3%
• Active inventory: 429
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,415 high
• Mortgage (P&I): −$467
• Tax est. 1.5%: −$111 /mo · $1,335/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $503

Break-even live

Break-even rent $779

Max offer price $89,000

Occupancy floor 59%

Sensitivity live

Price	-10% $564	-5% $533	+0% $503	+5% $472	+10% $441
Rent	-10% $391	-5% $447	+0% $503	+5% $558	+10% $614
Rate	-1.0pp $547	-0.5pp $525	base $503	+0.5pp $479	+1.0pp $456

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: $22,250
• Closing costs: $2,670
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 S Cypress St Hammond, LA	2.0	2.5	1100	$1,750	$1.59	139d	1	0.08mi
114 N Cypress St Unit 3 Hammond, LA	2.0	1.0	985	$1,300	$1.32	2d	1	0.11mi
211 S Cypress St Unit E Hammond, LA	1.0	1.0	768	$1,095	$1.43	2d	1	0.12mi
221 W Thomas St Unit A Hammond, LA	3.0	1.0	1400	$2,050	$1.46	139d	1	0.14mi
402 S Cherry St Hammond, LA	3.0	2.0	1400	$1,700	$1.21	139d	1	0.26mi
202 S Chestnut St Hammond, LA	1.0	1.0	750	$1,075	$1.43	139d	1	0.42mi
408 E Michigan St Hammond, LA	2.0	1.0	1222	$1,350	$1.10	139d	1	0.42mi
111 Center St Hammond, LA	3.0	1.5	1098	$1,200	$1.09	2d	1	0.50mi
809 E Thomas St Hammond, LA	2.0	1.0	1358	$1,375	$1.01	2d	1	0.54mi
500 N General Pershing St Unit 500 1/2 Hammond, LA	2.0	1.0	962	$1,295	$1.35	2d	1	0.56mi
207 S Laurel St Unit B Hammond, LA	3.0	2.0	1100	$1,350	$1.23	139d	1	0.62mi
1002 S Pine St Hammond, LA	3.0	2.5	1324	$1,500	$1.13	139d	1	0.68mi
204 W Clark St Hammond, LA	2.0	1.0	840	$900	$1.07	139d	1	0.90mi
610 Old Covington Hwy Unit A Hammond, LA	2.0	1.0	850	$900	$1.06	2d	1	0.92mi
44079 Parker Blvd Hammond, LA	3.0	2.0	1394	$1,800	$1.29	2d	1	0.94mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	2d	1	0.98mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	139d	1	0.98mi
1307 Bauerle Rd Hammond, LA	3.0	2.0	1425	$1,800	$1.26	2d	1	1.01mi
1600 Bauerle Rd Hammond, LA	1.0–3.0	1.0–2.0	1002	$1,749	$1.74	2d	9	1.12mi
1000 M C Moore Rd Apt 5 Hammond, LA	2.0	1.0	728	$900	$1.24	2d	1	1.13mi
209 Dixie Dr Hammond, LA	3.0	1.0	1100	$1,150	$1.05	139d	1	1.15mi
710 Blackburn Rd Unit A Hammond, LA	2.0	2.0	1100	$1,300	$1.18	2d	1	1.15mi
300 Maple St Hammond, LA	3.0	1.5	1340	$1,200	$0.90	2d	1	1.17mi
141 Clinton Ct Unit B Hammond, LA	2.0	1.0	800	$800	$1.00	139d	1	1.18mi
308 Alexander Dr Hammond, LA	3.0	2.0	1193	$1,390	$1.17	139d	1	1.19mi
308 Alexander Dr Hammond, LA	3.0	2.0	1193	$1,290	$1.08	2d	1	1.19mi
44347 Simpson Pl Unit 1 Hammond, LA	2.0	1.0	960	$950	$0.99	139d	1	1.24mi
1407 Hooks Dr Unit B Hammond, LA	2.0	1.0	838	$1,000	$1.19	139d	1	1.26mi
1407 Hooks Dr Unit B Hammond, LA	2.0	1.0	838	$1,000	$1.19	2d	1	1.26mi
12 Whitmar Dr Unit 9 Hammond, LA	2.0	1.5	1238	$1,300	$1.05	139d	1	1.32mi
1815 Western Ave Unit 7 Hammond, LA	2.0	1.0	875	$950	$1.09	139d	1	1.50mi

Property features AI

Exterior

• Parking: 2-car garage

Interior

• Bathrooms: 1 full bathroom1 half bathroom
• Interior features: Half bathroom

Listing history 50 events

1. 2026-09-24
   days on market $89,000 Active 109 DOM
2. 2026-09-24
   days on market $89,000 Active 108 DOM
3. 2026-09-22
   days on market $89,000 Active 107 DOM
4. 2026-09-21
   days on market $89,000 Active 106 DOM
5. 2026-09-20
   days on market $89,000 Active 105 DOM
6. 2026-09-19
   days on market $89,000 Active 104 DOM
7. 2026-09-18
   days on market $89,000 Active 103 DOM
8. 2026-09-17
   days on market $89,000 Active 102 DOM
9. 2026-09-16
   days on market $89,000 Active 101 DOM
10. 2026-09-15
    days on market $89,000 Active 100 DOM
11. 2026-09-14
    days on market $89,000 Active 99 DOM
12. 2026-09-13
    days on market $89,000 Active 98 DOM
13. 2026-09-12
    days on market $89,000 Active 97 DOM
14. 2026-09-11
    days on market $89,000 Active 96 DOM
15. 2026-09-05
    days on market $89,000 Active 90 DOM
16. 2026-09-04
    days on market $89,000 Active 89 DOM
17. 2026-09-03
    days on market $89,000 Active 88 DOM
18. 2026-09-02
    days on market $89,000 Active 87 DOM
19. 2026-08-30
    days on market $89,000 Active 84 DOM
20. 2026-08-29
    days on market $89,000 Active 83 DOM
21. 2026-08-28
    days on market $89,000 Active 82 DOM
22. 2026-08-27
    days on market $89,000 Active 81 DOM
23. 2026-08-26
    days on market $89,000 Active 80 DOM
24. 2026-08-25
    days on market $89,000 Active 79 DOM
25. 2026-08-24
    days on market $89,000 Active 78 DOM
26. 2026-08-23
    days on market $89,000 Active 77 DOM
27. 2026-08-22
    days on market $89,000 Active 76 DOM
28. 2026-08-21
    days on market $89,000 Active 75 DOM
29. 2026-08-20
    days on market $89,000 Active 74 DOM
30. 2026-08-19
    days on market $89,000 Active 73 DOM
31. 2026-08-18
    days on market $89,000 Active 72 DOM
32. 2026-08-17
    days on market $89,000 Active 71 DOM
33. 2026-08-16
    days on market $89,000 Active 70 DOM
34. 2026-08-15
    days on market $89,000 Active 69 DOM
35. 2026-08-14
    days on market $89,000 Active 68 DOM
36. 2026-08-13
    days on market $89,000 Active 67 DOM
37. 2026-08-12
    days on market $89,000 Active 66 DOM
38. 2026-08-11
    days on market $89,000 Active 65 DOM
39. 2026-08-10
    days on market $89,000 Active 64 DOM
40. 2026-08-09
    days on market $89,000 Active 63 DOM
41. 2026-08-08
    days on market $89,000 Active 62 DOM
42. 2026-08-07
    days on market $89,000 Active 61 DOM
43. 2026-08-06
    days on market $89,000 Active 60 DOM
44. 2026-08-05
    days on market $89,000 Active 59 DOM
45. 2026-08-04
    days on market $89,000 Active 58 DOM
46. 2026-08-03
    days on market $89,000 Active 57 DOM
47. 2026-07-31
    days on market $89,000 Active 54 DOM
48. 2026-07-30
    days on market $89,000 Active 53 DOM
49. 2026-07-29
    days on market $89,000 Active 52 DOM
50. 2026-07-27
    days on market $89,000 Active 50 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $16,976
• − Mortgage interest: −$4,985
• − Property taxes: −$1,335
• − Insurance: −$445
• − Repairs & maintenance: −$1,358
• − Management: −$1,358
• − Depreciation: −$2,589
• Taxable income: $4,906
• Est. tax owed @ 24.0%: −$1,177
• After-tax cash flow: $4,853/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.

Condition & rehab AI · 0 photos

Fair 40/100 Cosmetic rehab Est. rehab $6,000–$18,000 screening

The home is in fair condition with cosmetic updates needed. It has new flooring and HVAC, but requires some interior and exterior touch-ups to enhance its resale and rental value.

Repairs flagged

• Minor kitchen — No visible damage or wear, but the photos do not show the kitchen in detail.
• Minor bathrooms — No visible damage or wear, but the photos do not show the bathrooms in detail.
• Minor roof — No visible damage or wear, but the photos do not show the roof in detail.
• Minor exterior — No visible damage or wear, but the photos do not show the exterior in detail.
• Minor interior walls — No visible damage or wear, but the photos do not show the interior walls in detail.
• Minor landscaping — No visible damage or wear, but the photos do not show the landscaping in detail.

Value-add opportunities

• Both paint interior walls — Fresh paint can improve the home's appearance and appeal to potential buyers or renters. ↑
• Both landscape and improve curb appeal — A well-maintained exterior can significantly boost the home's curb appeal and value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 14/100

Zoned Schools

Elementary Woodland Park Magnet F LA #597/646 Nat'l #39,071/41,679 Middle Greenville Park Leadership Academy F LA #199/218 Nat'l #13,307/14,009 High Hammond High Magnet School F LA #167/265 Nat'l #13,485/17,239

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

C Composite livability gradescore 69/100

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 · 144,204 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: 11% of renters

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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%

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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%

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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

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Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Property features AI

Exterior

• Parking: 2-car garage

Interior

• Bathrooms: 1 full bathroom1 half bathroom
• Interior features: Half bathroom

Price history

+0.0% since first listed

2 events — show timeline

• 2026-06-03 Listed $89,000 Fizber.com
• 2026-06-03 Listed $89,000 FSBO.com