20259 Long Lake Dr · Hammond, LA 70403

$315,000

4 bd · 3.0 ba · 2,312 sqft · SingleFamily · 180 Days on market

Built 2019 Good condition 10,454 sqft lot $136/sqft · 11% below area Est $354k · 11% under $37/mo HOA · 1% of rent

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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).

• ARV discount +12.4/15.0
• Cash flow +9.0/30.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• 1% rule +2.9/10.0
• Rent growth +2.6/5.0
• DSCR +2.5/10.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

SPACIOUS 4BR/3BA OPEN FLOOR PLAN! This 6-year-old home features granite countertops in the kitchen, baths, and fireplace surround, stainless steel appliances with gas range, framed mirrors, and an upgraded LED lighting package with pendant and recessed lighting. Enjoy wood flooring in the living area, a primary suite with garden tub and separate shower, and a walk-in closet with direct access to the laundry room. Modern finishes throughout--move-in ready!

Key facts

• Wood flooring
• Walk-in closet
• Laundry room

Tags

• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• WOOD FLOORING
• PRIMARY SUITE
• WALK-IN CLOSET
• LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $315k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-247 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $279k (11.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $249k (20.9% below list).
• Recommended offer: $249k (20.9% below list) — sets the bar for 1% rule.

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 Eastside Magnet (math 22% / reading 35%, grade F, #350 of 646 statewide, top 55%, 1,343 students, 68% 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 73% FRL track the district average.
• Market conditions: Rents flat; 381 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 93d 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).
• At $2,490/mo this rent would consume 59% of the median local household income ($51k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 180 days — a 12% lower offer ($277k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $249,025 (20.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 180 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.79% ✗
• Cap rate: 5.35%
• Cash-on-cash: -3.36%
• DSCR: 0.85
• GRM: 10.5

CMA / ARV

• ARV (median comp): $353,894
• List price: $315,000
• Delta: -10.99%
• 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
43360 Quiet Lake Dr	0.26mi	4/3.0	2,306 (-0%)	8mo	$355,000	$154	80
20299 Camden Ln	0.10mi	3/2.5 (-1)	2,185 (-6%)	9mo	$305,000	$140	72
20221 Crystal Lake Dr	0.23mi	3/2.5 (-1)	2,185 (-6%)	1mo	$355,000	$162	72
20161 Camden Ln	0.19mi	4/3.0	2,584 (+12%)	2mo	$375,000	$145	70
43352 Rainier Dr	0.26mi	3/2.5 (-1)	2,185 (-6%)	6mo	$305,000	$140	67
20296 Kingland Dr	0.12mi	4/3.0	2,571 (+11%)	14mo	$370,000	$144	65
43450 Denali Dr	0.24mi	3/2.5 (-1)	2,185 (-6%)	10mo	$312,000	$143	64
43228 Quiet Lake Dr	0.42mi	4/3.0	2,388 (+3%)	15mo	$388,000	$162	63
20185 Hidden Park Ln	0.31mi	4/3.0	2,571 (+11%)	7mo	$355,000	$138	61
20243 Kingland Dr	0.16mi	3/2.0 (-1)	2,139 (-8%)	16mo	$307,500	$144	58
20137 Kingland Dr	0.31mi	5/2.0 (+1)	2,208 (-4%)	15mo	$335,000	$152	56
43201 Clear Lake Dr	0.37mi	3/2.0 (-1)	1,977 (-14%)	17mo	$312,000	$158	35

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: -25.0%
• Equity multiple: 0.17×
• Total profit: $-73,205
• Equity at exit: $46,968

10-year hold

• IRR: -31.8%
• Equity multiple: -0.24×
• Total profit: $-109,072
• Equity at exit: $27,235

Cash invested: $88,200 (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: 33 active · 8 under contract
• Months of supply: 14.1 mo (7%/mo absorbed)
• Median asking: $297,000 ($146/sqft)
• Median days on market: 855 d
• This list price: 55% of active listings are priced below it
• ARV vs active asking: +4.9% vs 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: 381
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,490 medium
• Mortgage (P&I): −$1,652
• Tax est. 1.5%: −$394 /mo · $4,725/yr
• Insurance: −$131
• HOA: −$37
• Vacancy / Maint / Mgmt: −$523
• Net cashflow: $-247

Break-even live

Break-even rent $2,802

Max offer price $279,317

Occupancy floor —

Sensitivity live

Price	-10% $-29	-5% $-138	+0% $-247	+5% $-355	+10% $-464
Rent	-10% $-443	-5% $-345	+0% $-247	+5% $-148	+10% $-50
Rate	-1.0pp $-88	-0.5pp $-166	base $-247	+0.5pp $-328	+1.0pp $-411

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: $78,750
• Closing costs: $9,450
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20175 Kingland Dr Hammond, LA	3.0	2.5	2300	$2,300	$1.00	93d	1	0.22mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	93d	1	0.39mi
44243 Kendalwood Dr Hammond, LA	3.0	2.0	1826	$2,200	$1.20	93d	1	1.02mi

HOA detail $37/mo · $444/yr

• Likely covers: gas

Listing history 50 events

1. 2026-08-08
   days on market $315,000 Active 180 DOM
2. 2026-08-07
   days on market $315,000 Active 179 DOM
3. 2026-08-06
   days on market $315,000 Active 178 DOM
4. 2026-08-05
   days on market $315,000 Active 177 DOM
5. 2026-08-04
   days on market $315,000 Active 176 DOM
6. 2026-08-03
   days on market $315,000 Active 175 DOM
7. 2026-07-31
   days on market $315,000 Active 172 DOM
8. 2026-07-30
   days on market $315,000 Active 171 DOM
9. 2026-07-29
   days on market $315,000 Active 170 DOM
10. 2026-07-27
    days on market $315,000 Active 168 DOM
11. 2026-07-25
    days on market $315,000 Active 166 DOM
12. 2026-07-24
    days on market $315,000 Active 165 DOM
13. 2026-07-23
    days on market $315,000 Active 164 DOM
14. 2026-07-22
    days on market $315,000 Active 163 DOM
15. 2026-07-21
    days on market $315,000 Active 162 DOM
16. 2026-07-18
    days on market $315,000 Active 159 DOM
17. 2026-07-16
    days on market $315,000 Active 157 DOM
18. 2026-07-16
    days on market $315,000 Active 156 DOM
19. 2026-07-14
    days on market $315,000 Active 155 DOM
20. 2026-07-13
    days on market $315,000 Active 154 DOM
21. 2026-07-12
    days on market $315,000 Active 153 DOM
22. 2026-07-11
    days on market $315,000 Active 152 DOM
23. 2026-07-10
    days on market $315,000 Active 151 DOM
24. 2026-07-09
    days on market $315,000 Active 150 DOM
25. 2026-07-08
    days on market $315,000 Active 149 DOM
26. 2026-07-07
    days on market $315,000 Active 148 DOM
27. 2026-07-06
    days on market $315,000 Active 147 DOM
28. 2026-07-05
    days on market $315,000 Active 146 DOM
29. 2026-07-04
    days on market $315,000 Active 145 DOM
30. 2026-07-03
    days on market $315,000 Active 144 DOM
31. 2026-07-02
    days on market $315,000 Active 143 DOM
32. 2026-07-01
    days on market $315,000 Active 142 DOM
33. 2026-06-30
    days on market $315,000 Active 141 DOM
34. 2026-06-29
    days on market $315,000 Active 140 DOM
35. 2026-06-28
    days on market $315,000 Active 139 DOM
36. 2026-06-28
    days on market $315,000 Active 138 DOM
37. 2026-06-27
    days on market $315,000 Active 137 DOM
38. 2026-06-26
    days on market $315,000 Active 136 DOM
39. 2026-06-23
    days on market $315,000 Active 133 DOM
40. 2026-06-21
    days on market $315,000 Active 132 DOM
41. 2026-06-19
    days on market $315,000 Active 130 DOM
42. 2026-06-18
    days on market $315,000 Active 129 DOM
43. 2026-06-17
    days on market $315,000 Active 128 DOM
44. 2026-06-16
    days on market $315,000 Active 127 DOM
45. 2026-06-15
    days on market $315,000 Active 126 DOM
46. 2026-06-14
    days on market $315,000 Active 124 DOM
47. 2026-06-13
    days on market $315,000 Active 123 DOM
48. 2026-06-10
    days on market $315,000 Active 121 DOM
49. 2026-06-09
    days on market $315,000 Active 120 DOM
50. 2026-06-08
    days on market $315,000 Active 119 DOM

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

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 · 23 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: $29,883
• − Mortgage interest: −$17,645
• − Property taxes: −$4,725
• − Insurance: −$1,575
• − Repairs & maintenance: −$2,391
• − Management: −$2,391
• − HOA: −$444
• − Depreciation: −$9,164
• Taxable loss: −$8,451
• Est. tax savings @ 24.0%: +$2,028
• After-tax cash flow: $-931/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 · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $11,560–$34,680 screening

This move-in ready home features granite countertops, stainless steel appliances, and wood flooring, making it a good investment opportunity.

Value-add opportunities

• Both painting — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both landscaping — Well-maintained landscaping can improve curb appeal and attract potential buyers ↑

ⓘ 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 21/100

Zoned Schools

Elementary Hammond Eastside Magnet F LA #350/646 Nat'l #28,012/41,679 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

• 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

Price history

+27.4% since first listed

8 events — show timeline

• 2026-05-19 Pending — AcadianaMLS
• 2026-05-19 Pending — GBRMLS
• 2026-02-23 Price Changed $315,000 AcadianaMLS
• 2026-02-23 Price Changed $315,000 GBRMLS
• 2026-02-07 Listed $325,000 GBRMLS
• 2026-02-07 Listed $325,000 AcadianaMLS
• 2024-11-14 Listed $350,000 AcadianaMLS
• 2019-10-28 Listed $247,245 AcadianaMLS