Is 20259 Long Lake Dr in Hammond, LA a good investment?

CashFlowRE grades it D with a 5.2% cap rate and $-253/mo modeled cash flow at a $280,000 list price. See the full underwriting and recommended offer on the page.

What is the cap rate for 20259 Long Lake Dr?

The modeled cap rate is 5.2% — annual NOI divided by price, using CashFlowRE's rent and expense estimates.

What would this property rent for?

Estimated market rent is $2,176/month, from CashFlowRE's rent model.

D Composite 40.5

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 +15.0/15.0
Cash flow +8.4/30.0
Condition / age +4.0/5.0
Livability +3.5/5.0
1% rule +2.8/10.0
Rent growth +2.6/5.0
DSCR +2.3/10.0
Schools +2.1/10.0
Appreciation +0.0/10.0

$280,000

20259 Long Lake Dr · Hammond, LA 70403

4 bd · 3.0 ba · 2,312 sqft · SingleFamily · 14 Days on market

Built 2019 Good condition 10,454 sqft lot Garage $121/sqft · 21% below area Est $353k · 21% under $37/mo HOA · 2% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

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
Primary suite

What this means for you Summary

Snapshot

This is a 4-bed/3.0-bath single-family listed at $280k. Condition is rated good.

Deal economics

At list price, monthly cash flow is $-253 ($-3k/yr) — negative.
To cash-flow at today's rent, offer at most $243k (13.1% below list).
To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (22.3% below list).
Recommended offer: $218k (22.3% 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; 474 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 38d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $2,176/mo this rent would consume 51% 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 $8k 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 14 days on market — expect competitive offers; lowballing is unlikely to land.
11 sale attempts since 7y ago; this cycle's ask has dropped $45k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,565 (22.3% below list)

Questions for the listing agent

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?
What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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?
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?
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?
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.
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.
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: 0.78% ✗
Cap rate: 5.21%
Cash-on-cash: -3.88%
DSCR: 0.83
GRM: 10.7

CMA / ARV

ARV (median comp): $353,172
List price: $280,000
Delta: -20.72%
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
20317 Thornwood Dr	0.09mi	4/3.0	2,175 (-6%)	2mo	$332,500	$153	84
43360 Quiet Lake Dr	0.26mi	4/3.0	2,306 (-0%)	11mo	$355,000	$154	78
20299 Camden Ln	0.10mi	3/2.5 (-1)	2,185 (-6%)	12mo	$305,000	$140	70
20221 Crystal Lake Dr	0.23mi	3/2.5 (-1)	2,185 (-6%)	4mo	$355,000	$162	69
20161 Camden Ln	0.19mi	4/3.0	2,584 (+12%)	5mo	$375,000	$145	67
43325 Quiet Lake Dr	0.33mi	3/2.5 (-1)	2,185 (-6%)	1mo	$345,000	$158	67
43352 Rainier Dr	0.26mi	3/2.5 (-1)	2,185 (-6%)	9mo	$305,000	$140	64
20296 Kingland Dr	0.12mi	4/3.0	2,571 (+11%)	16mo	$370,000	$144	62
43450 Denali Dr	0.24mi	3/2.5 (-1)	2,185 (-6%)	13mo	$312,000	$143	61
43228 Quiet Lake Dr	0.42mi	4/3.0	2,388 (+3%)	18mo	$388,000	$162	60
20185 Hidden Park Ln	0.31mi	4/3.0	2,571 (+11%)	10mo	$355,000	$138	59
20137 Kingland Dr	0.31mi	5/2.0 (+1)	2,208 (-4%)	18mo	$335,000	$152	54

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: -25.9%
Equity multiple: 0.14×
Total profit: $-67,139
Equity at exit: $41,749

10-year hold

IRR: -34.5%
Equity multiple: -0.29×
Total profit: $-101,153
Equity at exit: $24,209

Cash invested: $78,400 (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 →

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

Active competition Active MLS

For sale now: 30 active · 15 under contract
Months of supply: 13.8 mo (7%/mo absorbed)
Median asking: $305,000 ($145/sqft)
Median days on market: 929 d
This list price: 17% of active listings are priced below it
ARV vs active asking: +5.5% 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: 474
Price-to-rent: 10.7×

Monthly cashflow live

Estimated rent: $2,176 high interval (Pro) →
Mortgage (P&I): −$1,468
Tax est. 1.5%: −$350 /mo · $4,200/yr
Insurance: −$117
HOA: −$37
Lot rent: −$0
Vacancy / Maint / Mgmt: −$457
Net cashflow: $-253

Break-even live

Break-even rent $2,496

Max offer price $243,354

Occupancy floor —

Sensitivity live

Price	-10% $-60	-5% $-157	+0% $-253	+5% $-350	+10% $-447
Rent	-10% $-425	-5% $-339	+0% $-253	+5% $-167	+10% $-81
Rate	-1.0pp $-112	-0.5pp $-182	base $-253	+0.5pp $-326	+1.0pp $-400

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: $70,000
Closing costs: $8,400
Club membership (one-time): —
Reserves months: —
Total cash needed: —

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

Short-term bridge; refi at stabilization.

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20175 Long Lake Dr Hammond, LA	3.0	2.0	2231	$2,300	$1.03	43d	1	0.13mi
20175 Kingland Dr Hammond, LA	3.0	2.5	2300	$2,300	$1.00	184d	1	0.22mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$4,520	$2.44	10d	1	0.39mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$4,520	$2.44	14d	1	0.39mi
44243 Kendalwood Dr Hammond, LA	3.0	2.0	1826	$2,200	$1.20	184d	1	1.02mi
44208 Huntley Rd Hammond, LA	4.0	3.0	2200	$2,250	$1.02	10d	1	1.02mi
20191 Bella Gardens Cir Ponchatoula, LA	3.0	2.0	1917	$1,900	$0.99	37d	1	1.29mi
42245 Wood Ave Ponchatoula, LA	4.0	2.0	1887	$2,250	$1.19	10d	1	1.49mi

Property features AI

Finance

HOA & community: Woodlake Estates subdivisionAnnual association fee of $440

Exterior

Parking: Garage
Utilities: Community sewer
Home design: Traditional styleOne level
Construction: Slab foundation

Interior

Bathrooms: 3 full bathrooms
Heating & cooling: Central heatingCentral airCeiling fans
Interior features: Dual closetsWalk-in closetEn-suite

HOA detail $37/mo · $444/yr

Likely covers: gas

Listing history 50 events

2026-11-06

days on market $280,000 Active 14 DOM
2026-11-05

days on market $280,000 Active 13 DOM
2026-11-04

days on market $280,000 Active 12 DOM
2026-11-02

days on market $280,000 Active 10 DOM
2026-11-01

days on market $280,000 Active 9 DOM
2026-10-31

days on market $280,000 Active 8 DOM
2026-10-30

days on market $280,000 Active 7 DOM
2026-10-29

days on market $280,000 Active 6 DOM
2026-10-28

days on market $280,000 Active 5 DOM
2026-10-27

days on market $280,000 Active 4 DOM
2026-10-26

days on market $280,000 Active 3 DOM
2026-10-25

days on market $280,000 Active 2 DOM
2026-10-24

days on marketlisting id $280,000 Active 1 DOM
2026-10-23

days on market $280,000 Active 197 DOM
2026-10-22

days on market $280,000 Active 196 DOM
2026-10-21

days on market $280,000 Active 195 DOM
2026-10-20

days on market $280,000 Active 194 DOM
2026-10-20

status $280,000 Active 193 DOM
2026-09-28

statusdays on market $280,000 Pending 193 DOM

Show marketing remark (464 chars)

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!
2026-09-27

status $280,000 Active 192 DOM

Show marketing remark (464 chars)

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!
2026-08-20

status $280,000 Pending 192 DOM

Show marketing remark (464 chars)

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!
2026-08-20

days on market $280,000 Active 192 DOM

Show marketing remark (464 chars)

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!
2026-08-19

days on market $280,000 Active 191 DOM
2026-08-18

days on market $280,000 Active 190 DOM
2026-08-17

days on market $280,000 Active 189 DOM
2026-08-16

days on market $280,000 Active 188 DOM
2026-08-15

days on market $280,000 Active 187 DOM
2026-08-14

days on market $280,000 Active 186 DOM
2026-08-13

pricedays on market $280,000 Active 185 DOM
2026-08-12

days on market $315,000 Active 184 DOM

Show marketing remark (464 chars)

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!
2026-08-11

days on market $315,000 Active 183 DOM
2026-08-10

days on market $315,000 Active 182 DOM
2026-08-09

days on market $315,000 Active 181 DOM
2026-08-08

days on market $315,000 Active 180 DOM
2026-08-07

days on market $315,000 Active 179 DOM
2026-08-06

days on market $315,000 Active 178 DOM
2026-08-05

days on market $315,000 Active 177 DOM
2026-08-04

days on market $315,000 Active 176 DOM
2026-08-03

days on market $315,000 Active 175 DOM
2026-07-31

days on market $315,000 Active 172 DOM
2026-07-30

days on market $315,000 Active 171 DOM
2026-07-29

days on market $315,000 Active 170 DOM
2026-07-27

days on market $315,000 Active 168 DOM
2026-07-25

days on market $315,000 Active 166 DOM
2026-07-24

days on market $315,000 Active 165 DOM
2026-07-23

days on market $315,000 Active 164 DOM
2026-07-22

days on market $315,000 Active 163 DOM
2026-07-21

days on market $315,000 Active 162 DOM
2026-07-18

days on market $315,000 Active 159 DOM
2026-07-16

days on market $315,000 Active 157 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 3/10 Moderate FEMA zone X (unshaded) · 18% chance over 30 yrs
🔥 Wildfire 1/10 Low
🌡 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income: $26,108
− Mortgage interest: −$15,684
− Property taxes: −$4,200
− Insurance: −$1,400
− Repairs & maintenance: −$2,089
− Management: −$2,089
− HOA: −$444
− Depreciation: −$8,145
Taxable loss: −$7,943

Your marginal tax rate % combined federal + state — saved on this device

Est. tax savings @ 24.0%: +$1,906
After-tax cash flow: $-1,133/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

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%
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
#304 Lumen Technologies Monroe $13.4B #312 CenturyLink Monroe $9.2B
Utilities	1	$12B
#235 Entergy New Orleans $11.7B
Wholesale / Distribution	1	$5B
#448 Pool Corporation Covington $5.3B
Advertising	1	$2B
#479 Lamar Advertising Baton Rouge $2.1B

Price history

+13.2% since first listed

21 events — show timeline

2026-10-19 Relisted — AcadianaMLS
2026-10-19 Relisted — GBRMLS
2026-09-28 Pending — AcadianaMLS
2026-09-28 Pending — GBRMLS
2026-09-27 Relisted — AcadianaMLS
2026-09-27 Relisted — GBRMLS
2026-08-20 Pending — AcadianaMLS
2026-08-20 Pending — GBRMLS
2026-08-12 Price Changed $280,000 AcadianaMLS
2026-08-12 Price Changed $280,000 GBRMLS
2026-05-20 Relisted — AcadianaMLS
2026-05-20 Relisted — GBRMLS
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 $280,000 ROAM MLS
2026-02-07 Listed $325,000 AcadianaMLS
2024-11-14 Listed $350,000 AcadianaMLS
2019-10-28 Listed $247,245 AcadianaMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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