707 E Louisiana Ave · Hammond, LA 70403

$140,000

3 bd · 2.0 ba · 1,042 sqft · SingleFamily public records · 71 Days on market

Built 2002 7,405 sqft lot Est $138k · at est. ↓ 10% since listing

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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 +26.7/30.0
• DSCR +9.2/10.0
• ARV discount +6.7/15.0
• 1% rule +6.0/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great 3 bedroom, 2 bathroom home in the heart of Hammond. Excellent condition! Amazing opportunity for occupant or investor!

Key facts

• 7,405 sq ft lot
• 3 parking spots
• Built 2002

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $379 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $132k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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+, 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; 328 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 46d 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).
• This rent runs 36% 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 $968 of loan paydown is wiped out by about $4k 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 71 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (10%) 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.10% ✓
• Cap rate: 9.54%
• Cash-on-cash: 11.61%
• DSCR: 1.52
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $137,544
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
707 E Louisiana Ave	0.00mi	3/2.0	1,028 (-1%)	1mo	$140,000	$136	97
805 E Illinois St	0.09mi	3/1.0	1,041 (-0%)	12mo	$112,500	$108	82
803 S Chestnut St	0.04mi	3/1.0	1,133 (+9%)	2mo	$155,000	$137	78
506 S Olives St	0.25mi	3/2.0	1,008 (-3%)	7mo	$65,250	$65	77
406 E Iowa Ave	0.24mi	2/2.0 (-1)	1,000 (-4%)	2mo	$245,000	$245	75
809 S Chestnut St	0.03mi	3/2.0	1,150 (+10%)	15mo	$151,500	$132	69
305 Noah James Dr	0.40mi	2/1.0 (-1)	1,030 (-1%)	14mo	$120,000	$117	59
806 S Cherry St	0.34mi	2/1.0 (-1)	1,039 (-0%)	21mo	$170,000	$164	57
303 E Park Ave	0.35mi	2/2.0 (-1)	1,128 (+8%)	14mo	$185,000	$164	53
1006 S Chestnut St	0.14mi	3/1.0	1,198 (+15%)	14mo	$135,000	$113	52
601 S Cherry St	0.35mi	3/1.0	1,176 (+13%)	19mo	$128,000	$109	42
506 E Church St	0.73mi	3/1.0	1,174 (+13%)	7mo	$49,000	$42	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: -1.8%
• Equity multiple: 0.93×
• Total profit: $-2,631
• Equity at exit: $20,874

10-year hold

• IRR: 5.0%
• Equity multiple: 1.33×
• Total profit: $12,873
• Equity at exit: $12,105

Cash invested: $39,200 (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 →

ZIP-level market 70403

• Home prices YoY: -34.1%
• Rents YoY: 0.3%
• Active inventory: 328
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,543 high
• Mortgage (P&I): −$734
• Tax from tax record: −$47 /mo · $567/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $379

Break-even live

Break-even rent $1,063

Max offer price $140,000

Occupancy floor 70%

Sensitivity live

Price	-10% $458	-5% $419	+0% $379	+5% $340	+10% $300
Rent	-10% $257	-5% $318	+0% $379	+5% $440	+10% $501
Rate	-1.0pp $450	-0.5pp $415	base $379	+0.5pp $343	+1.0pp $306

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
402 S Cherry St Hammond, LA	3.0	2.0	1400	$1,700	$1.21	45d	1	0.47mi
100 S Cypress St Hammond, LA	2.0	2.5	1100	$1,750	$1.59	45d	1	0.68mi
1002 S Pine St Hammond, LA	3.0	2.5	1324	$1,500	$1.13	45d	1	0.71mi
44347 Simpson Pl Unit 1 Hammond, LA	2.0	1.0	960	$950	$0.99	45d	1	0.71mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	45d	1	0.79mi
221 W Thomas St Unit A Hammond, LA	3.0	1.0	1400	$2,050	$1.46	45d	1	0.82mi
408 E Michigan St Hammond, LA	2.0	1.0	1222	$1,350	$1.10	45d	1	0.91mi
1600 Bauerle Rd Hammond, LA	1.0–2.0	1.0–2.0	884	$1,751	$1.98	45d	4	1.00mi
16218 E Minnesota Park Rd Unit 3B Hammond, LA	2.0	2.5	1095	$1,450	$1.32	45d	1	1.01mi
207 S Laurel St Unit B Hammond, LA	3.0	2.0	1100	$1,350	$1.23	45d	1	1.18mi
17597 Tangi Lake Dr Hammond, LA	1.0–3.0	1.0–2.5	1075	$1,500	$1.40	45d	1	1.34mi

Listing history 7 events

1. 2026-04-17
   status Pending 124-char remark

   Show marketing remark (124 chars)

   Great 3 bedroom, 2 bathroom home in the heart of Hammond. Excellent condition! Amazing opportunity for occupant or investor!

2. 2026-04-17
   status Pending

   Show marketing remark (124 chars)

   Great 3 bedroom, 2 bathroom home in the heart of Hammond. Excellent condition! Amazing opportunity for occupant or investor!

3. 2026-03-16
   price $140,000 124-char remark

   Show marketing remark (124 chars)

   Great 3 bedroom, 2 bathroom home in the heart of Hammond. Excellent condition! Amazing opportunity for occupant or investor!

4. 2026-03-16
   price $140,000

   Show marketing remark (124 chars)

   Great 3 bedroom, 2 bathroom home in the heart of Hammond. Excellent condition! Amazing opportunity for occupant or investor!

5. 2026-02-05
   listed $155,000 Active 124-char remark

   Show marketing remark (124 chars)

   Great 3 bedroom, 2 bathroom home in the heart of Hammond. Excellent condition! Amazing opportunity for occupant or investor!

6. 2026-02-05
   listed $155,000 Active

   Show marketing remark (124 chars)

   Great 3 bedroom, 2 bathroom home in the heart of Hammond. Excellent condition! Amazing opportunity for occupant or investor!

7. 2003-03-13
   soldstatus

ⓘ 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: $567 · $47/mo
• Projected year-2 tax: $770 · $64/mo
• Expected delta: +$203/yr (+$17/mo · 35.7%)

ⓘ 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 4/10 Moderate
• 🌡 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: $18,515
• − Mortgage interest: −$7,842
• − Property taxes: −$567
• − Insurance: −$700
• − Repairs & maintenance: −$1,481
• − Management: −$1,481
• − Depreciation: −$4,073
• Taxable income: $2,371
• Est. tax owed @ 24.0%: −$569
• After-tax cash flow: $3,981/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

• Census place: Hammond, LA
• County: Tangipahoa Parish · 85,958 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: 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

-9.7% since first listed

7 events — show timeline

• 2026-04-17 Pending — AcadianaMLS
• 2026-04-17 Pending — GSREIN
• 2026-03-16 Price Changed $140,000 AcadianaMLS
• 2026-03-16 Price Changed $140,000 GSREIN
• 2026-02-05 Listed $155,000 GSREIN
• 2026-02-05 Listed $155,000 AcadianaMLS
• 2003-03-13 Sold (Public Records) — Public Records

Property tax history

+2.1%/yr

Latest (2025): $567 · +0.5% YoY. Source: county tax records.