22225 Moss St · Hammond, LA 70454

$229,000

3 bd · 2.0 ba · 1,396 sqft · SingleFamily public records · 22 Days on market

Built 2008 $164/sqft · at area comps Est $227k · at est. $5/mo HOA

---

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 +14.4/30.0
• ARV discount +7.1/15.0
• DSCR +4.4/10.0
• Livability +3.5/5.0
• 1% rule +3.0/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Motivated Seller! Beautifully maintained 3-bedroom, 2-bath home offering a desirable split floor plan and bright, open-concept design. This inviting property features NO CARPET, ensuring easy maintenance and a clean, modern feel throughout. New vinyl plank flooring in the bedrooms. The spacious kitchen is a standout with granite countertops, new microwave, ample cabinet storage, and a seamless flow into the living and dining areas. Step outside to a screened-in back patio overlooking the large, fully fenced backyard, great for relaxing, gatherings, or pets. Additional highlights include a 3-year-old roof and its location in Flood Zone X for added peace of mind. Don’t miss this well-ca

Key facts

• Open-concept design
• No carpet
• Split floor plan

Tags

• SPLIT FLOOR PLAN
• OPEN-CONCEPT DESIGN
• NO CARPET
• VINYL PLANK FLOORING
• GRANITE COUNTERTOPS
• SCREENED-IN BACK PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $229k.

Deal economics

• At list price, monthly cash flow is $45 ($543/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 $184k (19.6% below list).
• Recommended offer: $184k (19.6% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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; 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).
• This rent runs 31% of the median local income ($72k/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 $2k of loan paydown is wiped out by about $7k 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 22 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 18y 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 $137k; list at $229k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,211 (19.6% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.80% ✗
• Cap rate: 6.53%
• Cash-on-cash: 0.85%
• DSCR: 1.04
• GRM: 10.4

CMA / ARV

• ARV (median comp): $226,995
• List price: $229,000
• Delta: 0.88%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
22183 Moss St	0.08mi	3/2.0	1,382 (-1%)	14mo	$225,000	$163	83
22238 Fen St	0.14mi	3/2.0	1,353 (-3%)	8mo	$219,900	$163	82
40081 Bismark St	0.16mi	3/2.0	1,275 (-9%)	12mo	$218,000	$171	68
22287 Rachel Ln	0.35mi	3/2.0	1,487 (+6%)	7mo	$220,000	$148	67
41033 Evans Rd	0.38mi	3/2.0	1,468 (+5%)	17mo	$215,000	$146	60
21469 Forrest Ln	0.55mi	3/1.0	1,238 (-11%)	2mo	$189,990	$153	50

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: -17.4%
• Equity multiple: 0.40×
• Total profit: $-38,544
• Equity at exit: $34,145

10-year hold

• IRR: -13.9%
• Equity multiple: 0.27×
• Total profit: $-46,766
• Equity at exit: $19,800

Cash invested: $64,120 (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: 10.4×

Monthly cashflow live

• Estimated rent: $1,842 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$109 /mo · $1,305/yr
• Insurance: −$95
• HOA: −$5
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $45

Break-even live

Break-even rent $1,785

Max offer price $229,000

Occupancy floor 93%

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22294 Fletcher Rd Ponchatoula, LA	3.0	2.0	1680	$2,300	$1.37	44d	1	0.35mi

HOA detail

• Monthly dues: $5 · $60/yr

Listing history 27 events

1. 2026-05-04
   listed $229,000 Active 738-char remark
2. 2026-05-04
   listed $229,000 Active 750-char remark
3. 2026-04-03
   price $224,000
4. 2026-04-03
   price $224,000
5. 2026-02-25
   price $225,000
6. 2026-02-25
   price $225,000
7. 2025-12-25
   listed $226,000 Active
8. 2025-10-14
   price $226,000
9. 2025-10-14
   price $226,000
10. 2025-09-22
    price $230,000
11. 2025-09-22
    price $230,000
12. 2025-07-29
    price $233,000
13. 2025-07-29
    price $233,000
14. 2025-07-14
    price $235,000
15. 2025-07-14
    price $235,000
16. 2025-06-26
    listed $239,000 Active
17. 2025-06-26
    listed $230,000 Active
18. 2013-06-20
    soldstatus $137,000
19. 2013-06-10
    soldstatus $137,000
20. 2012-10-17
    listed $139,000
21. 2012-10-17
    listed $139,000
22. 2011-01-30
    listed $149,900
23. 2011-01-30
    listed $149,900
24. 2008-11-13
    soldstatus $141,000
25. 2008-11-05
    soldstatus $141,000
26. 2008-07-30
    listed $141,000
27. 2008-07-30
    listed $141,000

ⓘ 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: $1,305 · $109/mo
• Projected year-2 tax: $1,305 · $109/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 3/10 Moderate
• 🌡 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: $22,105
• − Mortgage interest: −$12,828
• − Property taxes: −$1,305
• − Insurance: −$1,145
• − Repairs & maintenance: −$1,768
• − Management: −$1,768
• − HOA: −$60
• − Depreciation: −$6,662
• Taxable loss: −$3,431
• Est. tax savings @ 24.0%: +$823
• After-tax cash flow: $1,366/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

+62.4% since first listed

25 events — show timeline

• 2026-05-04 Listed $229,000 AcadianaMLS
• 2026-04-03 Price Changed $224,000 AcadianaMLS
• 2026-04-03 Price Changed $224,000 GSREIN
• 2026-02-25 Price Changed $225,000 AcadianaMLS
• 2026-02-25 Price Changed $225,000 GSREIN
• 2025-12-25 Listed $226,000 AcadianaMLS
• 2025-10-14 Price Changed $226,000 AcadianaMLS
• 2025-10-14 Price Changed $226,000 GSREIN
• 2025-09-22 Price Changed $230,000 AcadianaMLS
• 2025-09-22 Price Changed $230,000 GSREIN
• 2025-07-29 Price Changed $233,000 AcadianaMLS
• 2025-07-29 Price Changed $233,000 GSREIN
• 2025-07-14 Price Changed $235,000 AcadianaMLS
• 2025-07-14 Price Changed $235,000 GSREIN
• 2025-06-26 Listed $239,000 AcadianaMLS
• 2013-06-20 Sold (Public Records) $137,000 Public Records
• 2013-06-10 Sold (MLS) $137,000 GSREIN
• 2012-10-17 Listed $139,000 AcadianaMLS
• 2012-10-17 Listed $139,000 GSREIN
• 2011-01-30 Listed $149,900 GSREIN
• 2011-01-30 Listed $149,900 AcadianaMLS
• 2008-11-13 Sold (MLS) $141,000 GSREIN
• 2008-11-05 Sold (Public Records) $141,000 Public Records
• 2008-07-30 Listed $141,000 AcadianaMLS
• 2008-07-30 Listed $141,000 GSREIN

Property tax history

+0.5%/yr

Latest (2025): $1,305 · +1.0% YoY. Source: county tax records.