42157 Wood Ave · Hammond, LA 70454

$250,000

3 bd · 2.0 ba · 1,843 sqft · SingleFamily public records · 27 Days on market

Built 2017 $136/sqft · 10% below area Est $285k · 12% under $20/mo HOA · 1% of rent

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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 +21.9/30.0
• ARV discount +13.0/15.0
• DSCR +7.0/10.0
• 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

Welcome to the newest listing in the great Blythwood Estates. This three bedroom, two bathroom home features a dedicated office, ready-to-go security system, two car garage and so much more. Right under 1,900 square feet and on a large lot, this home was designed to entertain. Especially with the covered patio area in the back and a large backyard that you can really make your own! The neighborhood itself is sought after for a reason! Its community lifestyle shines on days like their annual neighborhood-wide garage sale, Halloween, & more! It is located only a five minute drive to Ponchatoula's downtown area & just a ten minute drive to Hammond's. Central to both I-12 & I-

Key facts

• Large backyard
• Dedicated office
• Covered patio area

Tags

• DEDICATED OFFICE
• READY-TO-GO SECURITY SYSTEM
• COVERED PATIO AREA
• LARGE BACKYARD
• FIVE MINUTE DRIVE TO DOWNTOWN
• CENTRAL TO I-12 AND I-55

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $393 ($5k/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 $249k (0.6% below list).
• Recommended offer: $246k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.2% 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; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 42% 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 $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

• It's been on market 27 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y 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 $189k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $246,250 (1.5% 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. 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.
6. 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.
7. 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: 8.18%
• Cash-on-cash: 6.74%
• DSCR: 1.30
• GRM: 8.4

CMA / ARV

• ARV (median comp): $284,810
• List price: $250,000
• Delta: -8.78%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20316 Clemson Way	0.18mi	4/2.0 (+1)	1,858 (+1%)	2mo	$279,900	$151	84
20151 Carolina Ct	0.22mi	3/2.0	1,887 (+2%)	5mo	$260,000	$138	82
42321 Cy Cir	0.29mi	3/2.0	1,887 (+2%)	5mo	$258,000	$137	78
42016 Wood Ave	0.27mi	4/2.0 (+1)	1,875 (+2%)	3mo	$274,500	$146	77
20195 Deveron Dr	0.16mi	3/2.0	1,718 (-7%)	9mo	$250,000	$146	74
42375 Wood Ave	0.42mi	3/2.0	1,887 (+2%)	4mo	$255,000	$135	74
19078 Greenleaf Cir	0.18mi	3/2.0	1,714 (-7%)	7mo	$245,000	$143	74
19075 Greenleaf Cir	0.21mi	3/2.0	2,030 (+10%)	4mo	$277,000	$136	70
20278 Bella Gardens Cir	0.41mi	3/2.0	1,655 (-10%)	3mo	$215,000	$130	61
42467 Harlan Pl	0.57mi	4/2.0 (+1)	1,875 (+2%)	6mo	$279,900	$149	61
19473 Dunson Place Dr	0.68mi	3/2.0	1,694 (-8%)	6mo	$250,000	$148	50
41539 W Portier Rd	0.73mi	4/2.0 (+1)	1,792 (-3%)	8mo	$235,000	$131	49

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: -8.5%
• Equity multiple: 0.70×
• Total profit: $-21,266
• Equity at exit: $37,276

10-year hold

• IRR: -2.1%
• Equity multiple: 0.87×
• Total profit: $-8,931
• Equity at exit: $21,615

Cash invested: $70,000 (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: 8.4×

Monthly cashflow live

• Estimated rent: $2,486 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$136 /mo · $1,631/yr
• Insurance: −$104
• HOA: −$20
• Vacancy / Maint / Mgmt: −$522
• Net cashflow: $393

Break-even live

Break-even rent $1,989

Max offer price $250,000

Occupancy floor 79%

Sensitivity live

Price	-10% $534	-5% $464	+0% $393	+5% $322	+10% $251
Rent	-10% $196	-5% $295	+0% $393	+5% $491	+10% $589
Rate	-1.0pp $519	-0.5pp $456	base $393	+0.5pp $328	+1.0pp $262

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19216 Dr John Lambert Dr Hammond, LA	1.0–3.0	1.0–2.0	995	$1,808	$1.82	15d	10	1.16mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	44d	1	1.32mi
42318 Andrea Ln Ponchatoula, LA	3.0	2.0	1291	$1,800	$1.39	44d	1	1.46mi

HOA detail

• Monthly dues: $20 · $240/yr
• Likely covers: security

Listing history 25 events

1. 2026-06-18
   days on market $250,000 Active 27 DOM
2. 2026-06-17
   days on market $250,000 Active 26 DOM
3. 2026-06-16
   days on market $250,000 Active 25 DOM
4. 2026-06-15
   price $250,000 Active 24 DOM
5. 2026-06-15
   days on market $258,000 Active 24 DOM
6. 2026-06-14
   days on market $258,000 Active 22 DOM
7. 2026-06-13
   days on market $258,000 Active 21 DOM
8. 2026-06-10
   days on market $258,000 Active 19 DOM
9. 2026-06-09
   days on market $258,000 Active 18 DOM
10. 2026-06-08
    days on market $258,000 Active 17 DOM
11. 2026-06-07
    days on market $258,000 Active 16 DOM
12. 2026-06-05
    days on market $258,000 Active 13 DOM
13. 2026-06-03
    days on market $258,000 Active 12 DOM
14. 2026-06-02
    days on market $258,000 Active 11 DOM
15. 2026-06-01
    days on market $258,000 Active 10 DOM
16. 2026-05-31
    days on market $258,000 Active 9 DOM
17. 2026-05-30
    days on market $258,000 Active 8 DOM
18. 2026-03-30
    price $259,800
19. 2026-03-30
    price $259,800
20. 2026-03-02
    listed $265,000 Active
21. 2017-04-14
    soldstatus $188,795 Sold
22. 2017-02-13
    price $188,795
23. 2017-02-07
    status Under Contract
24. 2017-01-04
    listed $187,145 Active
25. 2017-01-04
    listed $188,795

ⓘ 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: $1,631 · $136/mo
• Projected year-2 tax: $1,631 · $136/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 5/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 4/10 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: $29,833
• − Mortgage interest: −$14,004
• − Property taxes: −$1,631
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,387
• − Management: −$2,387
• − HOA: −$240
• − Depreciation: −$7,273
• Taxable income: $662
• Est. tax owed @ 24.0%: −$159
• After-tax cash flow: $4,556/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: 17,897
• 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

+32.4% since first listed

11 events — show timeline

• 2026-06-15 Price Changed $250,000 AcadianaMLS
• 2026-06-15 Price Changed $250,000 GSREIN
• 2026-05-22 Listed $258,000 AcadianaMLS
• 2026-03-30 Price Changed $259,800 AcadianaMLS
• 2026-03-30 Price Changed $259,800 GSREIN
• 2026-03-02 Listed $265,000 AcadianaMLS
• 2017-04-14 Sold (MLS) $188,795 GSREIN
• 2017-02-13 Price Changed $188,795 GSREIN
• 2017-02-07 Pending — GSREIN
• 2017-01-04 Listed $187,145 GSREIN
• 2017-01-04 Listed $188,795 AcadianaMLS

Property tax history

+20.6%/yr

Latest (2025): $1,631 · +1.0% YoY. Source: county tax records.