42155 Broderick Ave · Hammond, LA 70454

$267,000

3 bd · 2.0 ba · 1,843 sqft · SingleFamily public records · 191 Days on market

Built 2017 10,454 sqft lot $145/sqft · 8% below area Est $298k · 11% under $23/mo HOA · 1% of rent

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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 +19.2/30.0
• ARV discount +12.2/15.0
• DSCR +6.1/10.0
• 1% rule +4.3/10.0
• 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

This 3 bedroom, two full bath home features a split & open floorplan with an office space with a built in computer desk, a dinning room, and a breakfast nook or sitting area. Granite counter tops throughout. Black gas kitchen appliances. Walk in pantry. 11 foot ceilings in the living and kitchen areas with recessed canned lights. Primary bedroom has tray ceilings, two separate closets, a primary suite with double vanity, separate garden tub and shower, and a private water closet. Gas fireplace in the living room. Energy efficient insulation, tankless water heater, energy efficient low E3 Vinyl windows and radiant barrier roof decking keeps energy bills low! Attic is partially decked for storage. Outside is a Gardner's dream! The rear is completely fenced in and several trees planted and blooming. Oversized, covered and screened in porch with fan to keep you cool and keep pests at a distance. The back door has a screen door with a pet door for access to the rear for your fur babies. Established landscaping in both front and rear yards with several garden beds. This home is in the sought after neighborhood of Blythwood Estates with NO DITCHES and near one of several ponds in the subdivision. Flood insurance not required in this flood zone X area by most lenders. Single owners home was built by DSLD in Late 2017 and has been well maintained.

Key facts

• Office space
• Split open floorplan
• Gas fireplace

Tags

• SPLIT OPEN FLOORPLAN
• OFFICE SPACE
• GRANITE COUNTER TOPS
• WALK IN PANTRY
• 11 FOOT CEILINGS
• GAS FIREPLACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $267k.

Deal economics

• At list price, monthly cash flow is $290 ($3k/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 $248k (7.1% below list).
• Recommended offer: $235k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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 42% 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 191 days — a 12% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago 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.
• Current owner paid $191k; 40% 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 $234,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 12% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.93% ✗
• Cap rate: 7.60%
• Cash-on-cash: 4.66%
• DSCR: 1.21
• GRM: 9.0

CMA / ARV

• ARV (median comp): $298,390
• List price: $267,000
• Delta: -10.52%
• 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
20316 Clemson Way	0.11mi	4/2.0 (+1)	1,858 (+1%)	2mo	$279,900	$151	87
20151 Carolina Ct	0.18mi	3/2.0	1,887 (+2%)	5mo	$260,000	$138	84
42016 Wood Ave	0.23mi	4/2.0 (+1)	1,875 (+2%)	3mo	$274,500	$146	78
20195 Deveron Dr	0.09mi	3/2.0	1,718 (-7%)	9mo	$250,000	$146	78
42321 Cy Cir	0.32mi	3/2.0	1,887 (+2%)	5mo	$258,000	$137	77
42375 Wood Ave	0.46mi	3/2.0	1,887 (+2%)	4mo	$255,000	$135	72
19078 Greenleaf Cir	0.26mi	3/2.0	1,714 (-7%)	7mo	$245,000	$143	70
19075 Greenleaf Cir	0.29mi	3/2.0	2,030 (+10%)	4mo	$277,000	$136	66
20278 Bella Gardens Cir	0.44mi	3/2.0	1,655 (-10%)	3mo	$215,000	$130	60
42467 Harlan Pl	0.59mi	4/2.0 (+1)	1,875 (+2%)	6mo	$279,900	$149	60
41539 W Portier Rd	0.66mi	4/2.0 (+1)	1,792 (-3%)	8mo	$235,000	$131	52
19473 Dunson Place Dr	0.70mi	3/2.0	1,694 (-8%)	6mo	$250,000	$148	49

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: -11.5%
• Equity multiple: 0.59×
• Total profit: $-30,574
• Equity at exit: $39,811

10-year hold

• IRR: -5.8%
• Equity multiple: 0.66×
• Total profit: $-25,477
• Equity at exit: $23,085

Cash invested: $74,760 (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: 9.0×

Monthly cashflow live

• Estimated rent: $2,481 medium
• Mortgage (P&I): −$1,400
• Tax from tax record: −$136 /mo · $1,631/yr
• Insurance: −$111
• HOA: −$23
• Vacancy / Maint / Mgmt: −$521
• Net cashflow: $290

Break-even live

Break-even rent $2,114

Max offer price $267,000

Occupancy floor 83%

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: $66,750
• Closing costs: $8,010
• 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	1.26mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	43d	1	1.33mi
42318 Andrea Ln Ponchatoula, LA	3.0	2.0	1291	$1,800	$1.39	43d	1	1.34mi

HOA detail

• Monthly dues: $23 · $276/yr
• Likely covers: watergaslandscaping

Listing history 25 events

1. 2026-06-19
   days on market $267,000 Active 191 DOM
2. 2026-06-18
   days on market $267,000 Active 190 DOM
3. 2026-06-17
   days on market $267,000 Active 189 DOM
4. 2026-06-16
   days on market $267,000 Active 188 DOM
5. 2026-06-15
   days on market $267,000 Active 187 DOM
6. 2026-06-14
   days on market $267,000 Active 185 DOM
7. 2026-06-13
   days on market $267,000 Active 184 DOM
8. 2026-06-10
   days on market $267,000 Active 182 DOM
9. 2026-06-09
   days on market $267,000 Active 181 DOM
10. 2026-06-08
    days on market $267,000 Active 180 DOM
11. 2026-06-07
    days on market $267,000 Active 179 DOM
12. 2026-06-05
    days on market $267,000 Active 176 DOM
13. 2026-06-03
    days on market $267,000 Active 175 DOM
14. 2026-06-02
    days on market $267,000 Active 174 DOM
15. 2026-06-01
    days on market $267,000 Active 173 DOM
16. 2026-05-31
    days on market $267,000 Active 172 DOM
17. 2026-05-30
    days on market $267,000 Active 171 DOM
18. 2026-01-30
    price $267,000 1364-char remark

    Show marketing remark (1364 chars)

    This 3 bedroom, two full bath home features a split & open floorplan with an office space with a built in computer desk, a dinning room, and a breakfast nook or sitting area. Granite counter tops throughout. Black gas kitchen appliances. Walk in pantry. 11 foot ceilings in the living and kitchen areas with recessed canned lights. Primary bedroom has tray ceilings, two separate closets, a primary suite with double vanity, separate garden tub and shower, and a private water closet. Gas fireplace in the living room. Energy efficient insulation, tankless water heater, energy efficient low E3 Vinyl windows and radiant barrier roof decking keeps energy bills low! Attic is partially decked for storage. Outside is a Gardner's dream! The rear is completely fenced in and several trees planted and blooming. Oversized, covered and screened in porch with fan to keep you cool and keep pests at a distance. The back door has a screen door with a pet door for access to the rear for your fur babies. Established landscaping in both front and rear yards with several garden beds. This home is in the sought after neighborhood of Blythwood Estates with NO DITCHES and near one of several ponds in the subdivision. Flood insurance not required in this flood zone X area by most lenders. Single owners home was built by DSLD in Late 2017 and has been well maintained.

19. 2026-01-27
    price $267,000 1366-char remark

    Show marketing remark (1366 chars)

    This 3 bedroom, two full bath home features a split & open floorplan with an office space with a built in computer desk, a dinning room, and a breakfast nook or sitting area. Granite counter tops throughout. Black gas kitchen appliances. Walk in pantry. 11 foot ceilings in the living and kitchen areas with recessed canned lights. Primary bedroom has tray ceilings, two separate closets, a primary suite with double vanity, separate garden tub and shower, and a private water closet. Gas fireplace in the living room. Energy efficient insulation, tankless water heater, energy efficient low E3 Vinyl windows and radiant barrier roof decking keeps energy bills low! Attic is partially decked for storage. Outside is a Gardner's dream! The rear is completely fenced in and several trees planted and blooming. Oversized, covered and screened in porch with fan to keep you cool and keep pests at a distance. The back door has a screen door with a pet door for access to the rear for your fur babies. Established landscaping in both front and rear yards with several garden beds. This home is in the sought after neighborhood of Blythwood Estates with NO DITCHES and near one of several ponds in the subdivision. Flood insurance not required in this flood zone X area by most lenders. Single owners home was built by DSLD in Late 2017 and has been well maintained.

20. 2025-12-10
    listed $275,000 Active 1364-char remark

    Show marketing remark (1366 chars)

    This 3 bedroom, two full bath home features a split & open floorplan with an office space with a built in computer desk, a dinning room, and a breakfast nook or sitting area. Granite counter tops throughout. Black gas kitchen appliances. Walk in pantry. 11 foot ceilings in the living and kitchen areas with recessed canned lights. Primary bedroom has tray ceilings, two separate closets, a primary suite with double vanity, separate garden tub and shower, and a private water closet. Gas fireplace in the living room. Energy efficient insulation, tankless water heater, energy efficient low E3 Vinyl windows and radiant barrier roof decking keeps energy bills low! Attic is partially decked for storage. Outside is a Gardner's dream! The rear is completely fenced in and several trees planted and blooming. Oversized, covered and screened in porch with fan to keep you cool and keep pests at a distance. The back door has a screen door with a pet door for access to the rear for your fur babies. Established landscaping in both front and rear yards with several garden beds. This home is in the sought after neighborhood of Blythwood Estates with NO DITCHES and near one of several ponds in the subdivision. Flood insurance not required in this flood zone X area by most lenders. Single owners home was built by DSLD in Late 2017 and has been well maintained.

21. 2025-12-10
    listed $275,000 Active 1366-char remark

    Show marketing remark (1366 chars)

    This 3 bedroom, two full bath home features a split & open floorplan with an office space with a built in computer desk, a dinning room, and a breakfast nook or sitting area. Granite counter tops throughout. Black gas kitchen appliances. Walk in pantry. 11 foot ceilings in the living and kitchen areas with recessed canned lights. Primary bedroom has tray ceilings, two separate closets, a primary suite with double vanity, separate garden tub and shower, and a private water closet. Gas fireplace in the living room. Energy efficient insulation, tankless water heater, energy efficient low E3 Vinyl windows and radiant barrier roof decking keeps energy bills low! Attic is partially decked for storage. Outside is a Gardner's dream! The rear is completely fenced in and several trees planted and blooming. Oversized, covered and screened in porch with fan to keep you cool and keep pests at a distance. The back door has a screen door with a pet door for access to the rear for your fur babies. Established landscaping in both front and rear yards with several garden beds. This home is in the sought after neighborhood of Blythwood Estates with NO DITCHES and near one of several ponds in the subdivision. Flood insurance not required in this flood zone X area by most lenders. Single owners home was built by DSLD in Late 2017 and has been well maintained.

22. 2017-10-20
    soldstatus $190,515 Sold
23. 2017-08-14
    status Under Contract
24. 2017-06-21
    listed $190,515 Active
25. 2017-06-21
    listed $190,515

ⓘ 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: $1,631 · $136/mo
• Projected year-2 tax: $1,631 · $136/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: $29,778
• − Mortgage interest: −$14,956
• − Property taxes: −$1,631
• − Insurance: −$1,335
• − Repairs & maintenance: −$2,382
• − Management: −$2,382
• − HOA: −$276
• − Depreciation: −$7,767
• Taxable loss: −$952
• Est. tax savings @ 24.0%: +$229
• After-tax cash flow: $3,709/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

+40.1% since first listed

8 events — show timeline

• 2026-01-30 Price Changed $267,000 AcadianaMLS
• 2026-01-27 Price Changed $267,000 GSREIN
• 2025-12-10 Listed $275,000 GSREIN
• 2025-12-10 Listed $275,000 AcadianaMLS
• 2017-10-20 Sold (MLS) $190,515 GSREIN
• 2017-08-14 Pending — GSREIN
• 2017-06-21 Listed $190,515 GSREIN
• 2017-06-21 Listed $190,515 AcadianaMLS

Property tax history

+39.8%/yr

Latest (2025): $1,631 · +1.0% YoY. Source: county tax records.