43471 Biscayne Dr · Hammond, LA 70403

$299,900

4 bd · 2.0 ba · 1,915 sqft · SingleFamily public records · 39 Days on market

Built 2017 $157/sqft · at area comps Est $317k · 5% under $37/mo HOA · 2% 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 +12.4/30.0
• ARV discount +9.9/15.0
• DSCR +3.7/10.0
• Livability +3.5/5.0
• 1% rule +2.9/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to beautiful Woodlake Estates! This stunning home with a brand new AC Unit, offers the perfect blend of comfort, style, and convenience. Featuring a spacious open floor plan, soaring ceilings, and abundant natural light, this home was designed for both everyday living and effortless entertaining. The kitchen boasts granite countertops, stainless appliances, ample cabinetry, and a seamless flow into the living and dining areas. The private primary suite offers a relaxing retreat with a tub and separate shower, oversized walk-in closet, and thoughtful layout separation from the 3 additional bedrooms. Step outside to a generously sized backyard with plenty of room to entertain, unwind, or enjoy quiet evenings at home. This one checks all the boxes -- schedule your private showing today!

Key facts

• Open floor plan
• Stainless appliances
• Granite countertops

Tags

• OPEN FLOOR PLAN
• GRANITE COUNTERTOPS
• STAINLESS APPLIANCES
• OVERSIZED WALK-IN CLOSET
• GENEROUSLY SIZED BACKYARD

Property features AI

Finance

• HOA & community: Homeowners association with fees of $220 semi-annually

Exterior

• Parking: Garage with two spaces and garage door opener
• Utilities: Public water; Public sewer; Standard power (no special details provided)
• Home design: Single-story; Excellent condition; Corner lot; Rectangular lot; Located outside city limits; Lot dimensions approximately 117x90x100x120
• Construction: Brick, stucco, and vinyl siding exterior; Shingle roof; Slab foundation; Built with energy-efficient insulation
• Exterior features: Fenced yard; Covered concrete porch

Interior

• Kitchen: Granite counters; Dishwasher; Microwave; Oven; Range; Refrigerator; Disposal; Pantry
• Bedrooms: Total rooms: 7
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; HVAC energy-efficient feature
• Interior features: Attic; Ceiling fans; Carbon monoxide detector; Granite counters; Pantry; Pull-down attic stairs; Cable TV; Screened windows
• Laundry & utility: Washer; Dryer; Water heater (energy-efficient feature)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-50 ($-597/yr) — negative.
• To cash-flow at today's rent, offer at most $291k (2.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $236k (21.2% below list).
• Recommended offer: $236k (21.2% below list) — sets the bar for 1% rule.
• Cap rate 6.1% 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: 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; 328 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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).
• At $2,362/mo this rent would consume 56% of the median local household income ($51k/yr) (locally 1201% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 39 days — a 3% lower offer ($291k) 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 $209k; 44% 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; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $236,244 (21.2% below list)

Questions for the listing agent

1. 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?
2. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
8. 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.
9. 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.
10. 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: 0.79% ✗
• Cap rate: 6.09%
• Cash-on-cash: -0.71%
• DSCR: 0.97
• GRM: 10.6

CMA / ARV

• ARV (median comp): $316,900
• List price: $299,900
• Delta: -5.36%
• 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
43460 Denali Dr	0.03mi	4/2.0	1,896 (-1%)	2mo	$297,500	$157	96
43421 Biscayne Dr	0.11mi	4/2.0	1,900 (-1%)	2mo	$299,000	$157	92
43459 Denali Dr	0.06mi	4/2.0	1,927 (+1%)	8mo	$297,000	$154	89
43449 Denali Dr	0.06mi	3/2.0 (-1)	1,951 (+2%)	1mo	$339,000	$174	88
43264 S Coburn Loop	0.66mi	4/2.5	1,902 (-1%)	3mo	$299,000	$157	64
19406 Chelwood Ct	0.70mi	4/2.0	1,858 (-3%)	3mo	$284,790	$153	60
20299 Camden Ln	0.28mi	3/2.5 (-1)	2,185 (+14%)	7mo	$305,000	$140	50
44368 Lake Wind Dr	0.58mi	4/3.0	2,175 (+14%)	1mo	$349,865	$161	46
44262 Lake Wind Dr	0.58mi	4/3.0	2,175 (+14%)	4mo	$338,644	$156	43
43352 Rainier Dr	0.50mi	3/2.5 (-1)	2,185 (+14%)	4mo	$305,000	$140	42
44312 Lake Wind Dr	0.69mi	4/3.0	2,175 (+14%)	0mo	$337,710	$155	41
19382 Chelwood Ct	0.74mi	4/2.0	2,171 (+13%)	7mo	$290,089	$134	37

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: -20.3%
• Equity multiple: 0.31×
• Total profit: $-58,007
• Equity at exit: $44,716

10-year hold

• IRR: -20.0%
• Equity multiple: 0.06×
• Total profit: $-78,884
• Equity at exit: $25,930

Cash invested: $83,972 (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 70403

• Home prices YoY: -34.1%
• Rents YoY: 0.3%
• Active inventory: 328
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,362 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$181 /mo · $2,177/yr
• Insurance: −$125
• HOA: −$37
• Vacancy / Maint / Mgmt: −$496
• Net cashflow: $-50

Break-even live

Break-even rent $2,425

Max offer price $291,113

Occupancy floor 97%

Sensitivity live

Price	-10% $120	-5% $35	+0% $-50	+5% $-135	+10% $-220
Rent	-10% $-236	-5% $-143	+0% $-50	+5% $44	+10% $137
Rate	-1.0pp $101	-0.5pp $27	base $-50	+0.5pp $-127	+1.0pp $-207

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20175 Kingland Dr Hammond, LA	3.0	2.5	2300	$2,300	$1.00	45d	1	0.05mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	45d	1	0.47mi
44243 Kendalwood Dr Hammond, LA	3.0	2.0	1826	$2,200	$1.20	45d	1	0.79mi
19216 Dr John Lambert Dr Hammond, LA	1.0–3.0	1.0–2.0	995	$1,808	$1.82	16d	10	1.42mi

HOA detail

• Monthly dues: $37 · $444/yr

Listing history 25 events

1. 2026-06-21
   days on market $299,900 Active 39 DOM
2. 2026-06-19
   days on market $299,900 Active 37 DOM
3. 2026-06-18
   days on market $299,900 Active 36 DOM
4. 2026-06-17
   price $299,900 Active 35 DOM

   Show marketing remark (802 chars)

   Welcome to beautiful Woodlake Estates! This stunning home with a brand new AC Unit, offers the perfect blend of comfort, style, and convenience. Featuring a spacious open floor plan, soaring ceilings, and abundant natural light, this home was designed for both everyday living and effortless entertaining. The kitchen boasts granite countertops, stainless appliances, ample cabinetry, and a seamless flow into the living and dining areas. The private primary suite offers a relaxing retreat with a tub and separate shower, oversized walk-in closet, and thoughtful layout separation from the 3 additional bedrooms. Step outside to a generously sized backyard with plenty of room to entertain, unwind, or enjoy quiet evenings at home. This one checks all the boxes -- schedule your private showing today!

5. 2026-06-17
   days on market $310,000 Active 35 DOM

   Show marketing remark (802 chars)

   Welcome to beautiful Woodlake Estates! This stunning home with a brand new AC Unit, offers the perfect blend of comfort, style, and convenience. Featuring a spacious open floor plan, soaring ceilings, and abundant natural light, this home was designed for both everyday living and effortless entertaining. The kitchen boasts granite countertops, stainless appliances, ample cabinetry, and a seamless flow into the living and dining areas. The private primary suite offers a relaxing retreat with a tub and separate shower, oversized walk-in closet, and thoughtful layout separation from the 3 additional bedrooms. Step outside to a generously sized backyard with plenty of room to entertain, unwind, or enjoy quiet evenings at home. This one checks all the boxes -- schedule your private showing today!

6. 2026-06-16
   days on market $310,000 Active 34 DOM
7. 2026-06-15
   days on market $310,000 Active 33 DOM
8. 2026-06-14
   days on market $310,000 Active 31 DOM
9. 2026-06-13
   days on market $310,000 Active 30 DOM
10. 2026-06-10
    days on market $310,000 Active 28 DOM
11. 2026-06-09
    days on market $310,000 Active 27 DOM
12. 2026-06-08
    days on market $310,000 Active 26 DOM
13. 2026-06-07
    days on market $310,000 Active 25 DOM
14. 2026-06-05
    days on market $310,000 Active 22 DOM
15. 2026-06-03
    days on market $310,000 Active 21 DOM
16. 2026-06-02
    days on market $310,000 Active 20 DOM
17. 2026-06-01
    days on market $310,000 Active 19 DOM
18. 2026-05-31
    days on market $310,000 Active 18 DOM
19. 2026-05-30
    days on market $310,000 Active 17 DOM
20. 2026-05-13
    listed $310,000 Active 781-char remark

    Show marketing remark (802 chars)

    Welcome to beautiful Woodlake Estates! This stunning home with a brand new AC Unit, offers the perfect blend of comfort, style, and convenience. Featuring a spacious open floor plan, soaring ceilings, and abundant natural light, this home was designed for both everyday living and effortless entertaining. The kitchen boasts granite countertops, stainless appliances, ample cabinetry, and a seamless flow into the living and dining areas. The private primary suite offers a relaxing retreat with a tub and separate shower, oversized walk-in closet, and thoughtful layout separation from the 3 additional bedrooms. Step outside to a generously sized backyard with plenty of room to entertain, unwind, or enjoy quiet evenings at home. This one checks all the boxes -- schedule your private showing today!

21. 2026-05-13
    listed $310,000 Active 776-char remark

    Show marketing remark (802 chars)

    Welcome to beautiful Woodlake Estates! This stunning home with a brand new AC Unit, offers the perfect blend of comfort, style, and convenience. Featuring a spacious open floor plan, soaring ceilings, and abundant natural light, this home was designed for both everyday living and effortless entertaining. The kitchen boasts granite countertops, stainless appliances, ample cabinetry, and a seamless flow into the living and dining areas. The private primary suite offers a relaxing retreat with a tub and separate shower, oversized walk-in closet, and thoughtful layout separation from the 3 additional bedrooms. Step outside to a generously sized backyard with plenty of room to entertain, unwind, or enjoy quiet evenings at home. This one checks all the boxes -- schedule your private showing today!

22. 2017-05-31
    soldstatus $208,740 Sold

    Show marketing remark (466 chars)

    BRAND NEW CONSTRUCTION AND ENERGY SMART HOME! DSLD HOMES' CANOVA III A PLAN OFFERS A 4 BEDROOM, 2 FULL BATH OPEN AND SPLIT FLOOR PLAN WITH A COMPUTER NOOK. SPECIAL FEATURES INCLUDE: WOOD FLOORS IN LIVING ROOM & MASTER BEDROOM, TILE FLOORS IN WET AREAS, 3CM FULL SLAB GRANITE COUNTERTOPS IN KITCHEN & BATHS, BEAUTIFUL ARISTOKRAFT CABINETS, STAINLESS STEEL APPLIANCES, CORNER GAS FIREPLACE, MUD ROOM W/ BOOT BENCH, TANK-LESS WATER HEATER & MUCH MORE!

23. 2017-01-12
    listed $208,740

    Show marketing remark (466 chars)

    BRAND NEW CONSTRUCTION AND ENERGY SMART HOME! DSLD HOMES' CANOVA III A PLAN OFFERS A 4 BEDROOM, 2 FULL BATH OPEN AND SPLIT FLOOR PLAN WITH A COMPUTER NOOK. SPECIAL FEATURES INCLUDE: WOOD FLOORS IN LIVING ROOM & MASTER BEDROOM, TILE FLOORS IN WET AREAS, 3CM FULL SLAB GRANITE COUNTERTOPS IN KITCHEN & BATHS, BEAUTIFUL ARISTOKRAFT CABINETS, STAINLESS STEEL APPLIANCES, CORNER GAS FIREPLACE, MUD ROOM W/ BOOT BENCH, TANK-LESS WATER HEATER & MUCH MORE!

24. 2017-01-12
    listed $208,740

    Show marketing remark (466 chars)

    BRAND NEW CONSTRUCTION AND ENERGY SMART HOME! DSLD HOMES' CANOVA III A PLAN OFFERS A 4 BEDROOM, 2 FULL BATH OPEN AND SPLIT FLOOR PLAN WITH A COMPUTER NOOK. SPECIAL FEATURES INCLUDE: WOOD FLOORS IN LIVING ROOM & MASTER BEDROOM, TILE FLOORS IN WET AREAS, 3CM FULL SLAB GRANITE COUNTERTOPS IN KITCHEN & BATHS, BEAUTIFUL ARISTOKRAFT CABINETS, STAINLESS STEEL APPLIANCES, CORNER GAS FIREPLACE, MUD ROOM W/ BOOT BENCH, TANK-LESS WATER HEATER & MUCH MORE!

25. 2006-10-18
    soldstatus $2,850,000

ⓘ 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: $2,177 · $181/mo
• Projected year-2 tax: $2,177 · $181/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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 23 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: $28,349
• − Mortgage interest: −$16,799
• − Property taxes: −$2,177
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,268
• − Management: −$2,268
• − HOA: −$444
• − Depreciation: −$8,724
• Taxable loss: −$5,830
• Est. tax savings @ 24.0%: +$1,399
• After-tax cash flow: $802/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): 30,173
• Household income: $50,976
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 1201.0

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: 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%

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

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

-89.5% since first listed

8 events — show timeline

• 2026-06-17 Price Changed $299,900 AcadianaMLS
• 2026-06-17 Price Changed $299,900 GSREIN
• 2026-05-13 Listed $310,000 GSREIN
• 2026-05-13 Listed $310,000 AcadianaMLS
• 2017-05-31 Sold (MLS) $208,740 GSREIN
• 2017-01-12 Listed $208,740 AcadianaMLS
• 2017-01-12 Listed $208,740 GSREIN
• 2006-10-18 Sold (Public Records) $2,850,000 Public Records

Property tax history

+13.8%/yr

Latest (2025): $2,177 · -0.5% YoY. Source: county tax records.