1011 E Coleman Dr · Hammond, LA 70403

$95,000

3 bd · 1.0 ba · 901 sqft · SingleFamily · 355 Days on market

Built 2001 Good condition 10,018 sqft lot $105/sqft · 30% below area Est $136k · 30% under ↓ 19% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

Key facts

• 0.23 acre lot
• Parking
• Built 2001

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k. Condition is rated good.

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 ($1k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 4.8% 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; 429 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 40% 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 31% 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 $657 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.3% rent growth), your $27k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 355 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $23k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 355 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.38% ✓
• Cap rate: 11.08%
• Cash-on-cash: 17.09%
• DSCR: 1.76
• GRM: 6.0

CMA / ARV

• ARV (median comp): $136,106
• List price: $95,000
• Delta: -30.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
510 S Walnut St	0.24mi	2/1.0 (-1)	865 (-4%)	1mo	$84,000	$97	76
711 S Olive St	0.42mi	2/1.0 (-1)	856 (-5%)	0mo	$50,000	$58	67
305 Noah James Dr	0.05mi	2/1.0 (-1)	1,030 (+14%)	17mo	$120,000	$117	54
44320 Simpson Pl	0.59mi	2/1.0 (-1)	978 (+8%)	0mo	$116,500	$119	53
506 S Olives St	0.37mi	3/2.0	1,008 (+12%)	10mo	$65,250	$65	51
707 E Louisiana Ave	0.40mi	3/2.0	1,028 (+14%)	4mo	$140,000	$136	50
406 E Iowa Ave	0.49mi	2/2.0 (-1)	1,000 (+11%)	6mo	$245,000	$245	45

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: 5.3%
• Equity multiple: 1.20×
• Total profit: $5,330
• Equity at exit: $14,165

10-year hold

• IRR: 12.2%
• Equity multiple: 1.84×
• Total profit: $22,456
• Equity at exit: $8,214

Cash invested: $26,600 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 5 active · 5 under contract
• Months of supply: 6.0 mo (17%/mo absorbed)
• Median asking: $130,000 ($119/sqft)
• Median days on market: 101 d
• This list price: 20% of active listings are priced below it
• ARV vs active asking: +26.4% above current asking $/sqft

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

ZIP-level market 70403

• Home prices YoY: -34.1%
• Rents YoY: 0.3%
• Active inventory: 429
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,311 high
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $379

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 66%

Sensitivity live

Price	-10% $445	-5% $412	+0% $379	+5% $346	+10% $313
Rent	-10% $275	-5% $327	+0% $379	+5% $431	+10% $482
Rate	-1.0pp $427	-0.5pp $403	base $379	+0.5pp $354	+1.0pp $329

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: $23,750
• Closing costs: $2,850
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
44347 Simpson Pl Unit 1 Hammond, LA	2.0	1.0	960	$950	$0.99	139d	1	0.53mi
301 E Robert St Unit D Hammond, LA	2.0	1.0	642	$875	$1.36	2d	1	0.63mi
100 S Cypress St Hammond, LA	2.0	2.5	1100	$1,750	$1.59	139d	1	0.64mi
114 N Cypress St Unit 3 Hammond, LA	2.0	1.0	985	$1,300	$1.32	2d	1	0.64mi
610 Old Covington Hwy Unit A Hammond, LA	2.0	1.0	850	$900	$1.06	2d	1	0.74mi
1000 M C Moore Rd Apt 5 Hammond, LA	2.0	1.0	728	$900	$1.24	2d	1	0.84mi
111 Center St Hammond, LA	3.0	1.5	1098	$1,200	$1.09	2d	1	1.10mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	139d	1	1.19mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	2d	1	1.19mi
500 N General Pershing St Unit 500 1/2 Hammond, LA	2.0	1.0	962	$1,295	$1.35	2d	1	1.26mi
17597 Tangi Lake Dr Hammond, LA	1.0–3.0	1.0–2.5	1075	$1,500	$1.40	2d	1	1.27mi
207 S Laurel St Unit B Hammond, LA	3.0	2.0	1100	$1,350	$1.23	139d	1	1.31mi
1600 Bauerle Rd Hammond, LA	1.0–3.0	1.0–2.0	1002	$2,029	$2.02	2d	9	1.39mi
16218 E Minnesota Park Rd Unit 3B Hammond, LA	2.0	2.5	1095	$1,450	$1.32	139d	1	1.43mi
141 Clinton Ct Unit B Hammond, LA	2.0	1.0	800	$800	$1.00	139d	1	1.48mi

Listing history 48 events

1. 2026-07-13
   days on market $95,000 Active 355 DOM
2. 2026-07-12
   days on market $95,000 Active 354 DOM
3. 2026-07-11
   days on market $95,000 Active 353 DOM
4. 2026-07-10
   days on market $95,000 Active 352 DOM
5. 2026-07-09
   days on market $95,000 Active 351 DOM
6. 2026-07-08
   days on market $95,000 Active 350 DOM
7. 2026-07-07
   days on market $95,000 Active 349 DOM
8. 2026-07-06
   days on market $95,000 Active 348 DOM
9. 2026-07-05
   days on market $95,000 Active 347 DOM
10. 2026-07-04
    days on market $95,000 Active 346 DOM
11. 2026-07-03
    days on market $95,000 Active 345 DOM
12. 2026-07-02
    days on market $95,000 Active 344 DOM
13. 2026-07-01
    days on market $95,000 Active 343 DOM
14. 2026-06-30
    days on market $95,000 Active 342 DOM
15. 2026-06-29
    days on market $95,000 Active 341 DOM
16. 2026-06-28
    days on market $95,000 Active 340 DOM
17. 2026-06-28
    days on market $95,000 Active 339 DOM
18. 2026-06-27
    days on market $95,000 Active 338 DOM
19. 2026-06-26
    days on market $95,000 Active 337 DOM
20. 2026-06-23
    days on market $95,000 Active 334 DOM
21. 2026-06-21
    days on market $95,000 Active 333 DOM
22. 2026-06-19
    days on market $95,000 Active 331 DOM
23. 2026-06-18
    days on market $95,000 Active 330 DOM
24. 2026-06-17
    days on market $95,000 Active 329 DOM
25. 2026-06-16
    days on market $95,000 Active 328 DOM
26. 2026-06-15
    days on market $95,000 Active 327 DOM
27. 2026-06-14
    days on market $95,000 Active 325 DOM
28. 2026-06-13
    days on market $95,000 Active 324 DOM
29. 2026-06-10
    days on market $95,000 Active 322 DOM
30. 2026-06-09
    days on market $95,000 Active 321 DOM
31. 2026-06-08
    days on market $95,000 Active 320 DOM
32. 2026-06-07
    days on market $95,000 Active 319 DOM
33. 2026-06-05
    days on market $95,000 Active 316 DOM
34. 2026-06-03
    days on market $95,000 Active 315 DOM
35. 2026-06-02
    days on market $95,000 Active 314 DOM
36. 2026-06-01
    days on market $95,000 Active 313 DOM
37. 2026-05-31
    days on market $95,000 Active 312 DOM
38. 2026-05-30
    days on market $95,000 Active 311 DOM
39. 2026-05-19
    price $95,000 271-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

40. 2026-05-19
    price $95,000 272-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

41. 2026-03-11
    price $100,000 271-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

42. 2026-03-11
    price $100,000 272-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

43. 2025-11-29
    price $108,000 271-char remark

    Show marketing remark (271 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

44. 2025-11-14
    price $108,000 272-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

45. 2025-10-03
    price $115,000 271-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

46. 2025-10-03
    price $115,000 272-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

47. 2025-07-23
    listed $118,000 Active 271-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

48. 2025-07-23
    listed $118,000 Active 272-char remark

    Show marketing remark (272 chars)

    Two bedroom and one bathroom. Has a flex room to the rear that could be used as a third bedroom. Inside the city limits of Hammond. City water, water, sewer. Two window units to cool and heat. Raised foundation. owner/agent Bond for deed/Lease Purchase Options available.

ⓘ 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: $15,728
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$1,258
• − Management: −$1,258
• − Depreciation: −$2,764
• Taxable income: $3,227
• Est. tax owed @ 24.0%: −$774
• After-tax cash flow: $3,773/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 · 13 photos

Good 75/100 Cosmetic rehab Est. rehab $4,505–$13,515 screening

This home is in good condition with recent updates, making it a solid investment opportunity. The fresh paint and new fixtures add value, and further improvements like energy-efficient windows and smart home devices can further enhance its appeal.

Value-add opportunities

• Both Paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace window units with energy-efficient ones — Modern units improve energy efficiency and reduce utility costs ↑
• Both Install smart home devices — Enhances home's appeal and can increase its market value ↑

ⓘ 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 14/100

Zoned Schools

Elementary Woodland Park Magnet F LA #597/646 Nat'l #39,071/41,679 Middle Greenville Park Leadership Academy F LA #199/218 Nat'l #13,307/14,009 High Hammond High Magnet School F LA #167/265 Nat'l #13,485/17,239

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 69/100

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 · 144,204 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: 11% of renters

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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%

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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%

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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

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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

-19.5% since first listed

10 events — show timeline

• 2026-05-19 Price Changed $95,000 AcadianaMLS
• 2026-05-19 Price Changed $95,000 GSREIN
• 2026-03-11 Price Changed $100,000 AcadianaMLS
• 2026-03-11 Price Changed $100,000 GSREIN
• 2025-11-29 Price Changed $108,000 AcadianaMLS
• 2025-11-14 Price Changed $108,000 GSREIN
• 2025-10-03 Price Changed $115,000 AcadianaMLS
• 2025-10-03 Price Changed $115,000 GSREIN
• 2025-07-23 Listed $118,000 GSREIN
• 2025-07-23 Listed $118,000 AcadianaMLS