42513 Blue Bay Dr · Hammond, LA 70454

$258,023

4 bd · 2.5 ba · 1,738 sqft · SingleFamily · 32 Days on market

Built 2026 Excellent condition 8,712 sqft lot Est $254k · at est. $21/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).

• Cash flow +13.5/30.0
• ARV discount +6.7/15.0
• Condition / age +5.0/5.0
• DSCR +4.1/10.0
• 1% rule +3.9/10.0
• Livability +3.5/5.0
• Rent growth +2.7/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Awesome builder rate + FREE Refrigerator OR Window Blinds OR Smart Home Package (restrictions apply)! Don't miss this Brand NEW Construction built by DSLD HOMES in The Estates at Silver Hill! The Queensland III B has an open floor plan with 4 bedrooms & 2.5 bathrooms. This home includes upgraded quartz counters, stainless appliances with a gas range, undermount cabinet lighting, luxury vinyl plank flooring added in all bedrooms, culinary brushed gold kitchen faucet & more. Special features: breakfast bar, under-mount sinks throughout, luxury vinyl plank flooring added in living room & all wet areas, custom framed mirrors in all bathrooms, large walk-in closet, garden tub & separate shower in primary suite, smart connect Wi-Fi thermostat, gas tank-less water heater, radiant barrier roof decking, low E tilt-in windows, fully sodded yard with seasonal landscaping & so much more!

Key facts

• 8,712 sq ft lot
• Garage
• Built 2026

Property features AI

Finance

• Other: Home warranty included
• HOA & community: Homeowners association with $250 annual fee

Exterior

• Parking: Attached garage with two spaces
• Security: Smoke detectors
• Utilities: Public water; Natural gas available
• Home design: Single-story; New construction (2-under construction); Built by DSLD, LLC
• Construction: Brick, stucco, and vinyl siding exterior; Asphalt roof; Slab foundation; New construction
• Exterior features: Covered concrete porch; Porch

Interior

• Kitchen: Cooktop; Dishwasher; Disposal; Microwave; Oven; Range; Pantry; Stainless steel appliances; Granite counters
• Bedrooms: Total rooms: 7
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Gas heating; Central air conditioning
• Interior features: Ceiling fans; Granite counters; Pantry; Stainless steel appliances; Screens on windows

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $258k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $9 ($110/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 $230k (11.0% below list).
• Recommended offer: $230k (11.0% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 5.0% in Hammond — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Champ Cooper Elementary School (math 18% / reading 41%, grade F, #333 of 646 statewide, top 54%, 1,126 students, 57% FRL); Ponchatoula High School (math 29% / reading 40%, grade F, #106 of 265 statewide, top 43%, 2,262 students, 51% FRL) — zoned schools average 54% FRL vs 73% district-wide (19 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents flat; 527 active listings in the ZIP; 3 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 38% 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 32 days — a 3% lower offer ($250k) 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.

Recommended offer $229,531 (11.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
7. 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.
8. 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.
9. 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: 0.89% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.15%
• DSCR: 1.01
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $253,748
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
42513 Blue Bay Dr	0.00mi	4/2.5	1,738 (0%)	0mo	$258,023	$148	100
26092 Salt Grass Dr	0.05mi	4/2.5	1,833 (+6%)	1mo	$269,235	$147	88
42521 Blue Bay Dr	0.00mi	3/2.0 (-1)	1,887 (+9%)	2mo	$271,015	$144	77
42298 Blue Bay Dr	0.14mi	4/2.5	1,833 (+6%)	9mo	$266,965	$146	77
42143 Blue Bay Dr	0.07mi	3/2.0 (-1)	1,887 (+9%)	1mo	$274,800	$146	74
42318 Blue Bay Dr	0.17mi	3/2.0 (-1)	1,887 (+9%)	1mo	$271,354	$144	70
42242 Blue Bay Dr	0.06mi	3/2.0 (-1)	1,887 (+9%)	9mo	$270,150	$143	69
42362 Blue Bay Dr	0.16mi	3/2.0 (-1)	1,887 (+9%)	8mo	$270,150	$143	65
42159 Delacer Ln	0.47mi	3/2.0 (-1)	1,685 (-3%)	7mo	$264,000	$157	60
42114 Dothan Pl	0.65mi	4/2.0	1,820 (+5%)	1mo	$260,000	$143	59
42195 Millbrook Way	0.51mi	3/2.0 (-1)	1,593 (-8%)	1mo	$234,400	$147	55
41519 Dothan Pl	0.46mi	3/2.0 (-1)	1,510 (-13%)	3mo	$235,000	$156	47

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: -18.7%
• Equity multiple: 0.36×
• Total profit: $-46,461
• Equity at exit: $38,472

10-year hold

• IRR: -16.8%
• Equity multiple: 0.17×
• Total profit: $-60,191
• Equity at exit: $22,309

Cash invested: $72,246 (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: 527
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,295 medium
• Mortgage (P&I): −$1,353
• Tax est. 1.5%: −$323 /mo · $3,870/yr
• Insurance: −$108
• HOA: −$21
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $9

Break-even live

Break-even rent $2,284

Max offer price $258,023

Occupancy floor 95%

Sensitivity live

Price	-10% $187	-5% $98	+0% $9	+5% $-80	+10% $-169
Rent	-10% $-172	-5% $-82	+0% $9	+5% $100	+10% $190
Rate	-1.0pp $139	-0.5pp $75	base $9	+0.5pp $-58	+1.0pp $-126

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: $64,506
• Closing costs: $7,741
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
42290 Blue Bay Dr Ponchatoula, LA	4.0	2.0	1858	$2,150	$1.16	45d	1	0.15mi
26122 Trinity Ln Ponchatoula, LA	4.0	3.0	2175	$2,500	$1.15	45d	1	0.19mi
42293 Atmore Pl Ponchatoula, LA	4.0	2.0	1820	$2,150	$1.18	45d	1	0.83mi

HOA detail

• Monthly dues: $21 · $252/yr
• Likely covers: watergasinternetlandscaping

Listing history 4 events

1. 2026-05-01
   status Pending 908-char remark

   Show marketing remark (908 chars)

   Awesome builder rate + FREE Refrigerator OR Window Blinds OR Smart Home Package (restrictions apply)! Don't miss this Brand NEW Construction built by DSLD HOMES in The Estates at Silver Hill! The Queensland III B has an open floor plan with 4 bedrooms & 2.5 bathrooms. This home includes upgraded quartz counters, stainless appliances with a gas range, undermount cabinet lighting, luxury vinyl plank flooring added in all bedrooms, culinary brushed gold kitchen faucet & more. Special features: breakfast bar, under-mount sinks throughout, luxury vinyl plank flooring added in living room & all wet areas, custom framed mirrors in all bathrooms, large walk-in closet, garden tub & separate shower in primary suite, smart connect Wi-Fi thermostat, gas tank-less water heater, radiant barrier roof decking, low E tilt-in windows, fully sodded yard with seasonal landscaping & so much more!

2. 2026-05-01
   status Pending 908-char remark

   Show marketing remark (908 chars)

   Awesome builder rate + FREE Refrigerator OR Window Blinds OR Smart Home Package (restrictions apply)! Don't miss this Brand NEW Construction built by DSLD HOMES in The Estates at Silver Hill! The Queensland III B has an open floor plan with 4 bedrooms & 2.5 bathrooms. This home includes upgraded quartz counters, stainless appliances with a gas range, undermount cabinet lighting, luxury vinyl plank flooring added in all bedrooms, culinary brushed gold kitchen faucet & more. Special features: breakfast bar, under-mount sinks throughout, luxury vinyl plank flooring added in living room & all wet areas, custom framed mirrors in all bathrooms, large walk-in closet, garden tub & separate shower in primary suite, smart connect Wi-Fi thermostat, gas tank-less water heater, radiant barrier roof decking, low E tilt-in windows, fully sodded yard with seasonal landscaping & so much more!

3. 2026-03-30
   listed $258,023 Active 908-char remark

   Show marketing remark (908 chars)

   Awesome builder rate + FREE Refrigerator OR Window Blinds OR Smart Home Package (restrictions apply)! Don't miss this Brand NEW Construction built by DSLD HOMES in The Estates at Silver Hill! The Queensland III B has an open floor plan with 4 bedrooms & 2.5 bathrooms. This home includes upgraded quartz counters, stainless appliances with a gas range, undermount cabinet lighting, luxury vinyl plank flooring added in all bedrooms, culinary brushed gold kitchen faucet & more. Special features: breakfast bar, under-mount sinks throughout, luxury vinyl plank flooring added in living room & all wet areas, custom framed mirrors in all bathrooms, large walk-in closet, garden tub & separate shower in primary suite, smart connect Wi-Fi thermostat, gas tank-less water heater, radiant barrier roof decking, low E tilt-in windows, fully sodded yard with seasonal landscaping & so much more!

4. 2026-03-30
   listed $258,023 Active 908-char remark

   Show marketing remark (908 chars)

   Awesome builder rate + FREE Refrigerator OR Window Blinds OR Smart Home Package (restrictions apply)! Don't miss this Brand NEW Construction built by DSLD HOMES in The Estates at Silver Hill! The Queensland III B has an open floor plan with 4 bedrooms & 2.5 bathrooms. This home includes upgraded quartz counters, stainless appliances with a gas range, undermount cabinet lighting, luxury vinyl plank flooring added in all bedrooms, culinary brushed gold kitchen faucet & more. Special features: breakfast bar, under-mount sinks throughout, luxury vinyl plank flooring added in living room & all wet areas, custom framed mirrors in all bathrooms, large walk-in closet, garden tub & separate shower in primary suite, smart connect Wi-Fi thermostat, gas tank-less water heater, radiant barrier roof decking, low E tilt-in windows, fully sodded yard with seasonal landscaping & so much more!

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

Taxation est. · year 1

• Rental income: $27,544
• − Mortgage interest: −$14,453
• − Property taxes: −$3,870
• − Insurance: −$1,290
• − Repairs & maintenance: −$2,203
• − Management: −$2,203
• − HOA: −$252
• − Depreciation: −$7,506
• Taxable loss: −$4,235
• Est. tax savings @ 24.0%: +$1,016
• After-tax cash flow: $1,126/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 · 10 photos

Excellent 100/100 None rehab

This home is a brand-new construction with excellent condition and features, ready for immediate occupancy. Minor landscaping and smart home package upgrades can further enhance its value.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances curb appeal and can increase both resale and rental value
• Both Add smart home package — Enhances home's features and can attract buyers or renters

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances curb appeal and can increase both resale and rental value ↑
• Both Add smart home package — Enhances home's features and can attract buyers or renters ↑

ⓘ 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 — 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: 51,394
• 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

+0.0% since first listed

4 events — show timeline

• 2026-05-01 Pending — AcadianaMLS
• 2026-05-01 Pending — GSREIN
• 2026-03-30 Listed $258,023 GSREIN
• 2026-03-30 Listed $258,023 AcadianaMLS