Is 24304 June Lynn Dr in Ponchatoula, LA a good investment?

CashFlowRE grades it D with a 6.1% cap rate and $-28/mo modeled cash flow at a $214,900 list price. See the full underwriting and recommended offer on the page.

What is the cap rate for 24304 June Lynn Dr?

The modeled cap rate is 6.1% — annual NOI divided by price, using CashFlowRE's rent and expense estimates.

What would this property rent for?

Estimated market rent is $1,912/month, from CashFlowRE's rent model.

D Composite 44.94

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 +12.6/30.0
ARV discount +11.4/15.0
Condition / age +4.0/5.0
1% rule +3.9/10.0
DSCR +3.8/10.0
Livability +3.4/5.0
Schools +3.2/10.0
Rent growth +2.7/5.0
Appreciation +0.0/10.0

$214,900

24304 June Lynn Dr · Ponchatoula, LA 70454

4 bd · 2.0 ba · 1,506 sqft · SingleFamily · 71 Days on market

Built 2026 Good condition 7,492 sqft lot Garage $143/sqft · 9% below area Est $235k · 9% under $53/mo HOA · 3% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to 24304 June Lynn Drive Ponchatoula, LA, a new home in Cypress Reserve. Inside this 3-bedroom, 2-bathroom home, you'll find 1,276 square feet of enjoyable living. Once you walk into this home, you'll see two bedrooms along with the guest bathroom. Walking down the foyer, you'll then reach the laundry room, as well as the open concept living space, starting with the kitchen. The kitchen offers shaker-style cabinets, gooseneck pulldown faucets in the kitchens. The chef in your family will also enjoy the stainless-steel Frigidaire appliances, stove, microwave hood, dishwasher, single basin undermount sink. and 3 cm granite throughout. The kitchen also houses a pantry, and the separate laundry room is located on the other side, creating easy access to everything. The dining room is adjacent to the kitchen, and the living room is situated nearby. This smart layout ensures that anyone in either space can always be part of the action, regardless of their location. Each bedroom is equipped with cozy carpeting and a convenient closet. Whether you need a space for entertainment, storage, hosting guests, relaxation, or fitness activities, you can count on feeling comfortable and content. The primary bedroom is in the rear of the home and has its own en suite. The primary bathroom features a double vanity with a tub/shower combo, large walk-in closet, separate linen closet, and a separate water closet. Get in touch with us now and schedule a tour today!

Key facts

Large corner pantry
7,492 sq ft lot
Garage

What this means for you Summary

Snapshot

This is a 4-bed/2.0-bath single-family listed at $215k. Condition is rated good.

Deal economics

At list price, monthly cash flow is $-28 ($-333/yr) — negative.
To cash-flow at today's rent, offer at most $211k (1.9% below list).
To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $191k (11.0% below list).
Recommended offer: $191k (11.0% below list) — sets the bar for 1% rule.

Location & tenants

Location reads 68/100 on livability (#91 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: employment D, crime D-, amenities 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; 628 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
This rent runs 32% 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 $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 71 days — a 6% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
3 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 $191,186 (11.0% below list)

Questions for the listing agent

What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
It's been on market 71 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
Schools are B-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?
Crime grade is D 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?
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?
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.
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.
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: 6.14%
Cash-on-cash: -0.55%
DSCR: 0.98
GRM: 9.4

CMA / ARV

ARV (median comp): $235,479
List price: $214,900
Delta: -6.62%
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
24335 Cordgrass Ln	0.00mi	4/2.0	1,506 (0%)	4mo	$234,750	$156	97
24326 Cordgrass Ln	0.00mi	4/2.0	1,506 (0%)	4mo	$229,900	$153	96
24323 Cordgrass Ln	0.00mi	4/2.0	1,506 (0%)	7mo	$231,645	$154	94
24311 Cordgrass Ln	0.00mi	4/2.0	1,506 (0%)	8mo	$234,900	$156	94
24321 Gadwall Ave	0.00mi	3/2.0 (-1)	1,510 (+0%)	14mo	$267,500	$177	83
24292 Gadwall Ave	0.00mi	4/2.0	1,555 (+3%)	16mo	$269,900	$174	81
24442 Mckinley Ln	0.32mi	3/2.0 (-1)	1,569 (+4%)	2mo	$265,000	$169	71
24304 Gadwall Ave	0.28mi	4/2.0	1,555 (+3%)	16mo	$272,900	$175	68
24231 Gadwall Ave	0.42mi	4/2.0	1,555 (+3%)	12mo	$271,900	$175	65
24252 Gadwall Ave	0.37mi	4/2.0	1,555 (+3%)	18mo	$250,000	$161	62
40363 Cypress Reserve Blvd	0.48mi	3/2.0 (-1)	1,447 (-4%)	14mo	$245,000	$169	54
40230 Cypress Reserve Blvd	0.63mi	3/2.0 (-1)	1,281 (-15%)	17mo	$216,500	$169	27

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: -19.9%
Equity multiple: 0.32×
Total profit: $-40,928
Equity at exit: $32,042

10-year hold

IRR: -19.1%
Equity multiple: 0.09×
Total profit: $-54,889
Equity at exit: $18,581

Cash invested: $60,172 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now: 52 active · 15 under contract
Months of supply: 22.3 mo (4%/mo absorbed)
Median asking: $261,990 ($152/sqft)
Median days on market: 330 d
This list price: lowest-priced of the active set
ARV vs active asking: +2.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70454

Rents YoY: 0.7%
Active inventory: 628
Price-to-rent: 9.4×

Monthly cashflow live

Estimated rent: $1,912 medium interval (Pro) →
Mortgage (P&I): −$1,127
Tax est. 1.5%: −$269 /mo · $3,224/yr
Insurance: −$90
HOA: −$53
Lot rent: −$0
Vacancy / Maint / Mgmt: −$401
Net cashflow: $-28

Break-even live

Break-even rent $1,947

Max offer price $210,884

Occupancy floor 96%

Sensitivity live

Price	-10% $121	-5% $47	+0% $-28	+5% $-102	+10% $-176
Rent	-10% $-179	-5% $-103	+0% $-28	+5% $48	+10% $123
Rate	-1.0pp $80	-0.5pp $27	base $-28	+0.5pp $-83	+1.0pp $-140

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: $53,725
Closing costs: $6,447
Club membership (one-time): —
Reserves months: —
Total cash needed: —

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

Short-term bridge; refi at stabilization.

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
41095 Mersanger Rd Ponchatoula, LA	3.0	2.0	1510	$1,950	$1.29	93d	1	0.46mi

Property features AI

Finance

Other: Home warranty included
HOA & community: Homeowners association (Cypress Reserve HOA)Annual association fee of $635Community pool

Exterior

Parking: Attached garage with one space
Security: Smoke detector(s)
Utilities: Public waterPublic sewerCentral heatingCentral air conditioning
Home design: Single-story homeNew construction (in progress)
Construction: Brick and vinyl siding exteriorShingle roofSlab foundationNew construction
Exterior features: PorchConcrete covered porch

Interior

Kitchen: DishwasherDisposalMicrowaveOvenRangeENERGY STAR qualified appliances
Bedrooms: Total of 7 rooms (bedroom breakdown not specified)
Bathrooms: 2 full bathrooms
Interior features: Granite countersPantryStainless steel appliancesSmart home featuresSmoke detector(s)
Laundry & utility: Washer hookupDryer hookup

HOA detail $53/mo · $636/yr

Likely covers: water

Listing history 50 events

2026-08-08

days on market $214,900 Active 71 DOM
2026-08-07

pricedays on market $214,900 Active 70 DOM
2026-08-06

days on market $219,900 Active 69 DOM
2026-08-05

days on market $219,900 Active 68 DOM
2026-08-04

days on market $219,900 Active 67 DOM
2026-08-03

days on market $219,900 Active 66 DOM
2026-07-31

days on market $219,900 Active 63 DOM
2026-07-30

days on market $219,900 Active 62 DOM
2026-07-29

pricedays on market $219,900 Active 61 DOM
2026-07-27

days on market $224,900 Active 59 DOM
2026-07-25

days on market $224,900 Active 57 DOM
2026-07-24

days on market $224,900 Active 56 DOM
2026-07-23

days on market $224,900 Active 55 DOM
2026-07-22

days on market $224,900 Active 54 DOM
2026-07-21

days on market $224,900 Active 53 DOM
2026-07-18

days on market $224,900 Active 50 DOM
2026-07-16

days on market $224,900 Active 48 DOM
2026-07-16

days on market $224,900 Active 47 DOM
2026-07-14

days on market $224,900 Active 46 DOM
2026-07-13

days on market $224,900 Active 45 DOM
2026-07-12

days on market $224,900 Active 44 DOM
2026-07-11

days on market $224,900 Active 43 DOM
2026-07-10

days on market $224,900 Active 42 DOM
2026-07-09

days on market $224,900 Active 41 DOM
2026-07-08

days on market $224,900 Active 40 DOM
2026-07-07

days on market $224,900 Active 39 DOM
2026-07-06

days on market $224,900 Active 38 DOM
2026-07-05

days on market $224,900 Active 37 DOM
2026-07-04

days on market $224,900 Active 36 DOM
2026-07-03

days on market $224,900 Active 35 DOM
2026-07-02

days on market $224,900 Active 34 DOM
2026-07-01

days on market $224,900 Active 33 DOM
2026-06-30

days on market $224,900 Active 32 DOM
2026-06-29

days on market $224,900 Active 31 DOM
2026-06-28

days on market $224,900 Active 30 DOM
2026-06-28

days on market $224,900 Active 29 DOM
2026-06-27

days on market $224,900 Active 28 DOM
2026-06-26

days on market $224,900 Active 27 DOM
2026-06-23

days on market $224,900 Active 24 DOM
2026-06-21

days on market $224,900 Active 23 DOM
2026-06-19

days on market $224,900 Active 21 DOM
2026-06-18

days on market $224,900 Active 20 DOM
2026-06-17

days on market $224,900 Active 19 DOM
2026-06-16

days on market $224,900 Active 18 DOM
2026-06-15

days on market $224,900 Active 17 DOM
2026-06-14

days on market $224,900 Active 15 DOM
2026-06-13

days on market $224,900 Active 14 DOM
2026-06-10

days on market $224,900 Active 12 DOM
2026-06-09

days on market $224,900 Active 11 DOM
2026-06-08

days on market $224,900 Active 10 DOM

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income: $22,942
− Mortgage interest: −$12,038
− Property taxes: −$3,224
− Insurance: −$1,074
− Repairs & maintenance: −$1,835
− Management: −$1,835
− HOA: −$636
− Depreciation: −$6,252
Taxable loss: −$3,952

Your marginal tax rate % combined federal + state — saved on this device

Est. tax savings @ 24.0%: +$948
After-tax cash flow: $615/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 · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $7,530–$22,590 screening

This home is in good condition with a fresh paint job and new flooring, making it move-in ready for both resale and rental.

Value-add opportunities

Both Painting exterior siding — Enhances curb appeal and value ↑
Both Landscaping improvements — Enhances curb appeal and value ↑
Both Replace carpet in bedrooms — Improves comfort and appearance ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 32/100

Zoned Schools

Elementary Champ Cooper Elementary School F LA #333/646 Nat'l #26,716/41,679 High Ponchatoula High School F LA #106/265 Nat'l #9,639/17,239

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

C Composite livability gradescore 68/100

Livability — Ponchatoula

Score: 68/100
State rank: #91
US rank: #9755

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County: Tangipahoa Parish · 144,204 people
City population: 34,564
Metro: Hammond, LA
Population (ZIP): 34,564
Household income: $71,611
Rent vs Own: 16.3% rent · 83.7% own
Severe rent burden: 2% of renters

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
#304 Lumen Technologies Monroe $13.4B #312 CenturyLink Monroe $9.2B
Utilities	1	$12B
#235 Entergy New Orleans $11.7B
Wholesale / Distribution	1	$5B
#448 Pool Corporation Covington $5.3B
Advertising	1	$2B
#479 Lamar Advertising Baton Rouge $2.1B

Price history

+0.0% since first listed

3 events — show timeline

2026-06-02 Listed $224,900 Zillow
2026-05-29 Listed $224,900 AcadianaMLS
2026-05-29 Listed $224,900 GSREIN

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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