42210 Wood Ave · Hammond, LA 70454

$220,000

3 bd · 2.0 ba · 1,685 sqft · SingleFamily public records · 10 Days on market

Built 2017 10,454 sqft lot $131/sqft · 19% below area Est $272k · 19% under $22/mo HOA · 1% of rent

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Why this score? — see what drove the B- 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 +25.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.1/10.0
• 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 MLS

Back on the maret! Welcome to Blythwood Estates! This private neighborhood is family-friendly with several ponds for fishing. This beautiful home has an open floor plan.. 3 bedrooms, 2 bathrooms, and a chef's kitchen. You will will enjoy being the center of attention in this large living room with this wood burning fireplace. Plenty of storage, and this primary bedroom.. A Diva's Closet Simply Wow! Owner has taken pride in this home!

Key facts

• Several ponds
• Open floor plan
• Private neighborhood

Tags

• PRIVATE NEIGHBORHOOD
• SEVERAL PONDS
• OPEN FLOOR PLAN
• CHEF'S KITCHEN
• LARGE LIVING ROOM
• WOOD BURNING FIREPLACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $538 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Cap rate 9.2% 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 44d 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 41% 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 $7k 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 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $35k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $180k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: 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 $220,000

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: 1.11% ✓
• Cap rate: 9.23%
• Cash-on-cash: 10.48%
• DSCR: 1.47
• GRM: 7.5

CMA / ARV

• ARV (median comp): $272,180
• List price: $220,000
• Delta: -19.17%
• 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
19078 Greenleaf Cir	0.19mi	3/2.0	1,714 (+2%)	7mo	$245,000	$143	82
20291 Clemson Way	0.18mi	3/2.0	1,718 (+2%)	9mo	$258,000	$150	81
20278 Bella Gardens Cir	0.31mi	3/2.0	1,655 (-2%)	3mo	$215,000	$130	80
20195 Deveron Dr	0.21mi	3/2.0	1,718 (+2%)	9mo	$250,000	$146	80
19089 Greenleaf Cir	0.17mi	3/2.0	1,515 (-10%)	3mo	$213,999	$141	73
20316 Clemson Way	0.18mi	4/2.0 (+1)	1,858 (+10%)	2mo	$279,900	$151	68
42321 Cy Cir	0.19mi	3/2.0	1,887 (+12%)	5mo	$258,000	$137	67
42059 Wood Ave	0.28mi	3/2.0	1,825 (+8%)	9mo	$253,675	$139	66
42375 Wood Ave	0.32mi	3/2.0	1,887 (+12%)	4mo	$255,000	$135	62
20151 Carolina Ct	0.31mi	3/2.0	1,887 (+12%)	5mo	$260,000	$138	62
42016 Wood Ave	0.36mi	4/2.0 (+1)	1,875 (+11%)	3mo	$274,500	$146	56
42467 Harlan Pl	0.47mi	4/2.0 (+1)	1,875 (+11%)	6mo	$279,900	$149	50

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: -3.1%
• Equity multiple: 0.89×
• Total profit: $-7,073
• Equity at exit: $32,803

10-year hold

• IRR: 3.9%
• Equity multiple: 1.26×
• Total profit: $15,724
• Equity at exit: $19,022

Cash invested: $61,600 (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 70454

• Rents YoY: 0.7%
• Active inventory: 526
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,449 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$129 /mo · $1,552/yr
• Insurance: −$92
• HOA: −$22
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $538

Break-even live

Break-even rent $1,768

Max offer price $220,000

Occupancy floor 73%

Sensitivity live

Price	-10% $662	-5% $600	+0% $538	+5% $475	+10% $413
Rent	-10% $344	-5% $441	+0% $538	+5% $634	+10% $731
Rate	-1.0pp $649	-0.5pp $594	base $538	+0.5pp $481	+1.0pp $423

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: $55,000
• Closing costs: $6,600
• 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	14d	10	1.13mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	44d	1	1.19mi
42318 Andrea Ln Ponchatoula, LA	3.0	2.0	1291	$1,800	$1.39	44d	1	1.39mi

HOA detail

• Monthly dues: $22 · $264/yr

Listing history 29 events

1. 2026-06-19
   days on market $220,000 Active 10 DOM
2. 2026-06-18
   days on market $220,000 Active 9 DOM
3. 2026-06-17
   days on market $220,000 Active 8 DOM
4. 2026-06-16
   days on market $220,000 Active 7 DOM
5. 2026-06-15
   days on market $220,000 Active 6 DOM
6. 2026-06-14
   days on market $220,000 Active 4 DOM
7. 2026-06-13
   days on market $220,000 Active 3 DOM
8. 2026-06-09
   days on marketlisting id $220,000 Active 1 DOM
9. 2026-06-08
   days on market $220,000 Active 181 DOM
10. 2026-06-07
    pricedays on market $220,000 Active 180 DOM
11. 2026-06-05
    days on market $225,000 Active 177 DOM
12. 2026-06-03
    days on market $225,000 Active 176 DOM
13. 2026-06-02
    days on market $225,000 Active 175 DOM
14. 2026-06-01
    days on market $225,000 Active 174 DOM
15. 2026-05-31
    days on market $225,000 Active 173 DOM
16. 2026-05-30
    days on market $225,000 Active 172 DOM
17. 2026-02-19
    price $225,000 437-char remark

    Show marketing remark (439 chars)

    Back on the maret! Welcome to Blythwood Estates! This private neighborhood is family-friendly with several ponds for fishing. This beautiful home has an open floor plan. . 3 bedrooms, 2 bathrooms, and a chef's kitchen. You will will enjoy being the center of attention in this large living room with this wood burning fireplace. Plenty of storage, and this primary bedroom. . A Diva's Closet Simply Wow! Owner has taken pride in this home!

18. 2026-02-19
    price $225,000 439-char remark

    Show marketing remark (439 chars)

    Back on the maret! Welcome to Blythwood Estates! This private neighborhood is family-friendly with several ponds for fishing. This beautiful home has an open floor plan. . 3 bedrooms, 2 bathrooms, and a chef's kitchen. You will will enjoy being the center of attention in this large living room with this wood burning fireplace. Plenty of storage, and this primary bedroom. . A Diva's Closet Simply Wow! Owner has taken pride in this home!

19. 2026-01-13
    price $239,000 437-char remark

    Show marketing remark (439 chars)

    Back on the maret! Welcome to Blythwood Estates! This private neighborhood is family-friendly with several ponds for fishing. This beautiful home has an open floor plan. . 3 bedrooms, 2 bathrooms, and a chef's kitchen. You will will enjoy being the center of attention in this large living room with this wood burning fireplace. Plenty of storage, and this primary bedroom. . A Diva's Closet Simply Wow! Owner has taken pride in this home!

20. 2026-01-13
    price $239,000 439-char remark

    Show marketing remark (439 chars)

    Back on the maret! Welcome to Blythwood Estates! This private neighborhood is family-friendly with several ponds for fishing. This beautiful home has an open floor plan. . 3 bedrooms, 2 bathrooms, and a chef's kitchen. You will will enjoy being the center of attention in this large living room with this wood burning fireplace. Plenty of storage, and this primary bedroom. . A Diva's Closet Simply Wow! Owner has taken pride in this home!

21. 2025-12-09
    listed $255,000 Active 437-char remark

    Show marketing remark (439 chars)

    Back on the maret! Welcome to Blythwood Estates! This private neighborhood is family-friendly with several ponds for fishing. This beautiful home has an open floor plan. . 3 bedrooms, 2 bathrooms, and a chef's kitchen. You will will enjoy being the center of attention in this large living room with this wood burning fireplace. Plenty of storage, and this primary bedroom. . A Diva's Closet Simply Wow! Owner has taken pride in this home!

22. 2025-12-09
    listed $255,000 Active 439-char remark

    Show marketing remark (439 chars)

    Back on the maret! Welcome to Blythwood Estates! This private neighborhood is family-friendly with several ponds for fishing. This beautiful home has an open floor plan. . 3 bedrooms, 2 bathrooms, and a chef's kitchen. You will will enjoy being the center of attention in this large living room with this wood burning fireplace. Plenty of storage, and this primary bedroom. . A Diva's Closet Simply Wow! Owner has taken pride in this home!

23. 2017-02-10
    soldstatus $179,505 Sold
24. 2017-01-02
    status Under Contract
25. 2016-12-28
    price $179,505
26. 2016-12-28
    status Active
27. 2016-09-29
    status Under Contract
28. 2016-08-03
    listed $175,735 Active
29. 2016-08-03
    listed $179,505

ⓘ 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: $1,552 · $129/mo
• Projected year-2 tax: $1,552 · $129/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 1/10 Low FEMA zone X (unshaded) · 0% 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: $29,384
• − Mortgage interest: −$12,323
• − Property taxes: −$1,552
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,351
• − Management: −$2,351
• − HOA: −$264
• − Depreciation: −$6,400
• Taxable income: $3,043
• Est. tax owed @ 24.0%: −$730
• After-tax cash flow: $5,723/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: 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

+25.3% since first listed

13 events — show timeline

• 2026-02-19 Price Changed $225,000 AcadianaMLS
• 2026-02-19 Price Changed $225,000 GSREIN
• 2026-01-13 Price Changed $239,000 AcadianaMLS
• 2026-01-13 Price Changed $239,000 GSREIN
• 2025-12-09 Listed $255,000 GSREIN
• 2025-12-09 Listed $255,000 AcadianaMLS
• 2017-02-10 Sold (MLS) $179,505 GSREIN
• 2017-01-02 Pending — GSREIN
• 2016-12-28 Price Changed $179,505 GSREIN
• 2016-12-28 Relisted — GSREIN
• 2016-09-29 Pending — GSREIN
• 2016-08-03 Listed $175,735 GSREIN
• 2016-08-03 Listed $179,505 AcadianaMLS

Property tax history

+19.9%/yr

Latest (2025): $1,552 · +1.0% YoY. Source: county tax records.