10209 Lynette Dr · Albany, LA 70403

$195,000

4 bd · 2.0 ba · 1,475 sqft · SingleFamily · 43 Days on market

Built 2026 Excellent condition 1.01 ac lot $132/sqft · 14% below area Est $225k · 14% under

---

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 +15.6/30.0
• ARV discount +13.6/15.0
• Condition / age +5.0/5.0
• DSCR +4.8/10.0
• 1% rule +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.6/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brand new 4-bedroom, 2-bath manufactured home with 1-year manufacturer’s limited warranty on over 1 acre in Hammond. Home is currently being set and is anticipated to be completed by the end of April. Photos shown are of a similar finished home and are for reference only. Features include an open floor plan, vinyl plank flooring throughout, and spacious living areas designed for comfort and easy maintenance. Enjoy the charm of country living with plenty of outdoor space. Property is subject to general property maintenance covenants. Manufactured home is compliant with HUD permanent foundation guidelines and is located in Flood Zone X.

Key facts

• 1.01 acre lot
• Parking
• Built 2026

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $195k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $82 ($989/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 $181k (7.2% below list).
• Recommended offer: $181k (7.2% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.5% in Albany — 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 77/100 on livability (#12 in LA, #3,099 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities F, commute 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.
• Market conditions: Rents flat; 329 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
• This rent runs 43% 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 $1k of loan paydown is wiped out by about $6k 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 43 days — a 3% lower offer ($189k) 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,018 (7.2% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 0.93% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.81%
• DSCR: 1.08
• GRM: 9.0

CMA / ARV

• ARV (median comp): $225,474
• List price: $195,000
• Delta: -13.52%
• 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
10209 Lynette Dr	0.00mi	4/2.0	1,475 (0%)	0mo	$192,000	$130	100
11078 Doubleday Dr	0.71mi	3/2.0 (-1)	1,482 (+0%)	8mo	$235,000	$159	54
44336 Brown Morris Ln	0.40mi	3/2.0 (-1)	1,418 (-4%)	20mo	$179,500	$127	54
29235 Craig Dr	0.49mi	4/2.0	1,571 (+6%)	18mo	$185,000	$118	51
44216 Marshall Rd	0.70mi	3/2.0 (-1)	1,482 (+0%)	21mo	$214,710	$145	44
11035 Kennedy Dr	0.64mi	3/2.0 (-1)	1,564 (+6%)	18mo	$217,995	$139	40
11076 Kennedy Dr	0.72mi	3/2.0 (-1)	1,564 (+6%)	21mo	$224,400	$143	34
44249 Joe Louis Dr	0.59mi	3/2.0 (-1)	1,649 (+12%)	20mo	$229,300	$139	31
44200 Marshall Rd	0.70mi	3/2.0 (-1)	1,649 (+12%)	21mo	$233,200	$141	25
11068 Kennedy Dr	0.71mi	3/2.0 (-1)	1,649 (+12%)	22mo	$229,100	$139	24
11083 Kennedy Dr	0.73mi	3/2.0 (-1)	1,649 (+12%)	21mo	$231,055	$140	24
44233 Marshall Rd	0.66mi	3/2.0 (-1)	1,685 (+14%)	20mo	$239,475	$142	24

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: -16.5%
• Equity multiple: 0.43×
• Total profit: $-31,057
• Equity at exit: $29,075

10-year hold

• IRR: -13.9%
• Equity multiple: 0.29×
• Total profit: $-38,597
• Equity at exit: $16,860

Cash invested: $54,600 (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 70403

• Home prices YoY: -34.1%
• Rents YoY: 0.3%
• Active inventory: 329
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,810 medium
• Mortgage (P&I): −$1,023
• Tax est. 1.5%: −$244 /mo · $2,925/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $82

Break-even live

Break-even rent $1,706

Max offer price $195,000

Occupancy floor 90%

Sensitivity live

Price	-10% $217	-5% $150	+0% $82	+5% $15	+10% $-52
Rent	-10% $-61	-5% $11	+0% $82	+5% $154	+10% $225
Rate	-1.0pp $181	-0.5pp $132	base $82	+0.5pp $32	+1.0pp $-19

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11146 Regency Ave Hammond, LA	3.0	2.0	1564	$1,750	$1.12	24d	1	0.87mi
11176 Merlo Dr Hammond, LA	3.0	2.0	1306	$1,750	$1.34	24d	1	1.05mi
11212 Audubon Dr Hammond, LA	3.0	2.0	1403	$1,750	$1.25	44d	1	1.06mi

Listing history 5 events

1. 2026-05-15
   status Pending 648-char remark

   Show marketing remark (648 chars)

   Brand new 4-bedroom, 2-bath manufactured home with 1-year manufacturer’s limited warranty on over 1 acre in Hammond. Home is currently being set and is anticipated to be completed by the end of April. Photos shown are of a similar finished home and are for reference only. Features include an open floor plan, vinyl plank flooring throughout, and spacious living areas designed for comfort and easy maintenance. Enjoy the charm of country living with plenty of outdoor space. Property is subject to general property maintenance covenants. Manufactured home is compliant with HUD permanent foundation guidelines and is located in Flood Zone X.

2. 2026-05-07
   status Pending 642-char remark

   Show marketing remark (648 chars)

   Brand new 4-bedroom, 2-bath manufactured home with 1-year manufacturer’s limited warranty on over 1 acre in Hammond. Home is currently being set and is anticipated to be completed by the end of April. Photos shown are of a similar finished home and are for reference only. Features include an open floor plan, vinyl plank flooring throughout, and spacious living areas designed for comfort and easy maintenance. Enjoy the charm of country living with plenty of outdoor space. Property is subject to general property maintenance covenants. Manufactured home is compliant with HUD permanent foundation guidelines and is located in Flood Zone X.

3. 2026-05-07
   historical Active Under Contract 648-char remark

   Show marketing remark (648 chars)

   Brand new 4-bedroom, 2-bath manufactured home with 1-year manufacturer’s limited warranty on over 1 acre in Hammond. Home is currently being set and is anticipated to be completed by the end of April. Photos shown are of a similar finished home and are for reference only. Features include an open floor plan, vinyl plank flooring throughout, and spacious living areas designed for comfort and easy maintenance. Enjoy the charm of country living with plenty of outdoor space. Property is subject to general property maintenance covenants. Manufactured home is compliant with HUD permanent foundation guidelines and is located in Flood Zone X.

4. 2026-04-02
   listed $195,000 Active 648-char remark

   Show marketing remark (642 chars)

   Brand new 4-bedroom, 2-bath manufactured home with 1-year manufacturer's limited warranty on over 1 acre in Hammond. Home is currently being set and is anticipated to be completed by the end of April. Photos shown are of a similar finished home and are for reference only. Features include an open floor plan, vinyl plank flooring throughout, and spacious living areas designed for comfort and easy maintenance. Enjoy the charm of country living with plenty of outdoor space. Property is subject to general property maintenance covenants. Manufactured home is compliant with HUD permanent foundation guidelines and is located in Flood Zone X.

5. 2026-04-02
   listed $195,000 Active 642-char remark

   Show marketing remark (642 chars)

   Brand new 4-bedroom, 2-bath manufactured home with 1-year manufacturer's limited warranty on over 1 acre in Hammond. Home is currently being set and is anticipated to be completed by the end of April. Photos shown are of a similar finished home and are for reference only. Features include an open floor plan, vinyl plank flooring throughout, and spacious living areas designed for comfort and easy maintenance. Enjoy the charm of country living with plenty of outdoor space. Property is subject to general property maintenance covenants. Manufactured home is compliant with HUD permanent foundation guidelines and is located in Flood Zone X.

ⓘ 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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 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: $21,722
• − Mortgage interest: −$10,923
• − Property taxes: −$2,925
• − Insurance: −$975
• − Repairs & maintenance: −$1,738
• − Management: −$1,738
• − Depreciation: −$5,673
• Taxable loss: −$2,249
• Est. tax savings @ 24.0%: +$540
• After-tax cash flow: $1,529/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 · 5 photos

Excellent 100/100 None rehab

This brand new 4-bedroom, 2-bath manufactured home is in excellent condition with no visible repairs or maintenance needed. The home is move-in ready and offers a great value for both resale and rental.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value for both resale and rental.
• Both Painting exterior and interior walls — Fresh paint can improve the home's appearance and add value.
• Both Upgrading window treatments — Modern window treatments can enhance the home's curb appeal and add value.
• Both Adding smart home features — Smart home features can increase the home's appeal and add value for both resale and rental.
• Both Upgrading appliances — Modern appliances can improve the home's functionality and add value for both resale and rental.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value for both resale and rental. ↑
• Both Painting exterior and interior walls — Fresh paint can improve the home's appearance and add value. ↑
• Both Upgrading window treatments — Modern window treatments can enhance the home's curb appeal and add value. ↑
• Both Adding smart home features — Smart home features can increase the home's appeal and add value for both resale and rental. ↑
• Both Upgrading appliances — Modern appliances can improve the home's functionality and add value for both resale and rental. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Albany

• Score: 77/100
• State rank: #12
• US rank: #3099

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment B+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Tangipahoa Parish · 85,958 people
• Metro: Hammond, LA
• Population (ZIP): 30,173
• Household income: $50,976
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 1201.0

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: 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%

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
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

+0.0% since first listed

5 events — show timeline

• 2026-05-15 Pending — GSREIN
• 2026-05-07 Pending — AcadianaMLS
• 2026-05-07 Contingent — GSREIN
• 2026-04-02 Listed $195,000 AcadianaMLS
• 2026-04-02 Listed $195,000 GSREIN