105 E Stovall St · Hammond, LA
Flood risk No data
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- —
- Est. flood insurance / yr
- —
Fire risk No data
- Est. fire insurance / yr
- —
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk No data
- Chance of severe wind over 30 yrs
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Air-quality risk No data
- Unhealthy air days now
- —
- Unhealthy air days in 30 yrs
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Risk factors via First Street. Map © Google.
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 +17.5/30.0
- ARV discount +13.4/15.0
- DSCR +5.5/10.0
- 1% rule +4.7/10.0
- Condition / age +4.0/5.0
- Livability +3.5/5.0
- Rent growth +2.6/5.0
- Schools +1.7/10.0
- Appreciation +0.0/10.0
$145,000
105 E Stovall St · Hammond, LA 70403
2 bd · 2.0 ba · 1,080 sqft · SingleFamily
· 87 Days on market
Built 2025
$134/sqft
· 13% below area
Est $167k · 13% under
↓ 14% since listing
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
New Construction! Two bedrooms and two full baths. No carpet and never flooded. Walking distance to downtown Hammond eateries, parks and shopping. Great Opportunity for a first-time homebuyer to invest and/or for an investor to start their rental portfolio. Vacant and easy to show. Builder Incentives Available. Some photos have been virtually staged and/or digitally enhance to illustrate the property potential.
Key facts
- New construction
- 2 parking spots
- Built 2025
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath single-family listed at $145k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $112 ($1k/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 $141k (2.8% below list).
- Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
- Cap rate 7.2% vs local median 4.6% 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 Westside Montessori (math 15% / reading 21%, grade F, #472 of 646 statewide, top 74%, 1,072 students, 73% 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 74% FRL track the district average.
- Market conditions: Rents flat; 381 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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 33% 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 $1k of loan paydown is wiped out by about $4k 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 87 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer
$136,300
(6.0% below list)
Questions for the listing agent
- It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- 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 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?
- 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?
- 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
- 0.97% ✗
- Cap rate
- 7.22%
- Cash-on-cash
- 3.30%
- DSCR
- 1.15
- GRM
- 8.6
CMA / ARV
- ARV (median comp)
- $166,845
- List price
- $145,000
- Delta
- -13.09%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1210 Smith Sq | 0.29mi | 3/1.0 (+1) | 1,010 (-6%) | 0mo | $111,300 | $110 | 66 |
| 99 White St | 0.18mi | 3/2.0 (+1) | 1,000 (-7%) | 10mo | $70,000 | $70 | 66 |
| 1010 W Charles St | 0.59mi | 3/2.0 (+1) | 1,190 (+10%) | 3mo | $182,000 | $153 | 48 |
| 303 E Park Ave | 0.69mi | 2/2.0 | 1,128 (+4%) | 15mo | $185,000 | $164 | 48 |
| 806 S Cherry St | 0.63mi | 2/1.0 | 1,039 (-4%) | 23mo | $170,000 | $164 | 41 |
| 601 S Cherry St | 0.67mi | 3/1.0 (+1) | 1,176 (+9%) | 21mo | $128,000 | $109 | 28 |
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
- -14.1%
- Equity multiple
- 0.51×
- Total profit
- $-20,045
- Equity at exit
- $21,620
10-year hold
- IRR
- -10.4%
- Equity multiple
- 0.44×
- Total profit
- $-22,553
- Equity at exit
- $12,537
Cash invested: $40,600 (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.
Buyer's market
Market conditions
within 1.0 mi — comparable homes for sale
Active competition Active MLS
- For sale now
- 13 active · 8 under contract
- Months of supply
- 9.8 mo (10%/mo absorbed)
- Median asking
- $152,000 ($132/sqft)
- Median days on market
- 52 d
- This list price
- 38% of active listings are priced below it
- ARV vs active asking
- +16.6% 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
- 381
- Price-to-rent
- 8.6×
Monthly cashflow live
↻
- Estimated rent
- $1,410 high interval (Pro) →
- Mortgage (P&I)
- −$760
- Tax est. 1.5%
- −$181 /mo · $2,175/yr
- Insurance
- −$60
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$296
- Net cashflow
- $112
Break-even live
Break-even rent
$1,268
Max offer price
$145,000
Occupancy floor
87%
Sensitivity live
| Price | -10% $212 | -5% $162 | +0% $112 | +5% $62 | +10% $12 |
|---|---|---|---|---|---|
| Rent | -10% $0 | -5% $56 | +0% $112 | +5% $167 | +10% $223 |
| Rate | -1.0pp $185 | -0.5pp $149 | base $112 | +0.5pp $74 | +1.0pp $36 |
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
- $36,250
- Closing costs
- $4,350
- 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 15 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1002 S Pine St Hammond, LA | 3.0 | 2.5 | 1324 | $1,500 | $1.13 | 93d | 1 | 0.32mi |
| 207 S Laurel St Unit B Hammond, LA | 3.0 | 2.0 | 1100 | $1,350 | $1.23 | 93d | 1 | 0.36mi |
| 221 W Thomas St Unit A Hammond, LA | 3.0 | 1.0 | 1400 | $2,050 | $1.46 | 93d | 1 | 0.56mi |
| 309 Hewitt Rd Unit B Hammond, LA | 2.0 | 1.0 | 806 | $1,350 | $1.67 | 93d | 1 | 0.59mi |
| 1600 Bauerle Rd Hammond, LA | 1.0–2.0 | 1.0–2.0 | 884 | $1,751 | $1.98 | 93d | 4 | 0.62mi |
| 402 S Cherry St Hammond, LA | 3.0 | 2.0 | 1400 | $1,700 | $1.21 | 93d | 1 | 0.65mi |
| 204 W Clark St Hammond, LA | 2.0 | 1.0 | 840 | $900 | $1.07 | 93d | 1 | 0.72mi |
| 100 S Cypress St Hammond, LA | 2.0 | 2.5 | 1100 | $1,750 | $1.59 | 93d | 1 | 0.72mi |
| 209 Dixie Dr Hammond, LA | 3.0 | 1.0 | 1100 | $1,150 | $1.05 | 93d | 1 | 0.91mi |
| 202 S Chestnut St Hammond, LA | 1.0 | 1.0 | 750 | $1,075 | $1.43 | 93d | 1 | 0.96mi |
| 408 E Michigan St Hammond, LA | 2.0 | 1.0 | 1222 | $1,350 | $1.10 | 93d | 1 | 1.08mi |
| 308 Alexander Dr Hammond, LA | 3.0 | 2.0 | 1193 | $1,390 | $1.17 | 93d | 1 | 1.24mi |
| 16218 E Minnesota Park Rd Unit 3B Hammond, LA | 2.0 | 2.5 | 1095 | $1,450 | $1.32 | 93d | 1 | 1.35mi |
| 1407 Hooks Dr Unit B Hammond, LA | 2.0 | 1.0 | 838 | $1,000 | $1.19 | 93d | 1 | 1.37mi |
| 2617 Rue Saint Martin Hammond, LA | 2.0 | 1.5 | 1399 | $1,000 | $0.71 | 93d | 1 | 1.46mi |
Property features AI
Exterior
- Parking
- Driveway with two parking spaces
- Security
- Smoke detector(s)
- Utilities
- Public waterPublic sewer
- Home design
- Single-story homeNew construction (built by M&O Construction LLC, never occupied)Facing not specified
- Construction
- Brick and vinyl siding exteriorShingle roofBuilt on slab foundationNew construction
- Exterior features
- City lot, rectangular shapeLot dimensions approximately 40 x 94
Interior
- Kitchen
- Range
- Bedrooms
- Total rooms: 4
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Smoke detector(s)
Listing history 50 events
-
2026-08-08days on market $145,000 Active 87 DOM
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2026-08-07days on market $145,000 Active 86 DOM
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2026-08-06days on market $145,000 Active 85 DOM
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2026-08-05days on market $145,000 Active 84 DOM
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2026-08-04days on market $145,000 Active 83 DOM
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2026-08-03days on market $145,000 Active 82 DOM
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2026-07-31days on market $145,000 Active 79 DOM
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2026-07-30days on market $145,000 Active 78 DOM
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2026-07-30price $145,000 Active 77 DOM
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2026-07-29days on market $148,000 Active 77 DOM
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2026-07-27days on market $148,000 Active 75 DOM
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2026-07-25days on market $148,000 Active 73 DOM
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2026-07-24days on market $148,000 Active 72 DOM
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2026-07-23days on market $148,000 Active 71 DOM
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2026-07-22days on market $148,000 Active 70 DOM
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2026-07-21days on market $148,000 Active 69 DOM
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2026-07-18pricedays on market $148,000 Active 66 DOM
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2026-07-16days on market $149,900 Active 64 DOM
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2026-07-16days on market $149,900 Active 63 DOM
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2026-07-14days on market $149,900 Active 62 DOM
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2026-07-13days on market $149,900 Active 61 DOM
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2026-07-12days on market $149,900 Active 60 DOM
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2026-07-11days on market $149,900 Active 59 DOM
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2026-07-10days on market $149,900 Active 58 DOM
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2026-07-09days on market $149,900 Active 57 DOM
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2026-07-08days on market $149,900 Active 56 DOM
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2026-07-07days on market $149,900 Active 55 DOM
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2026-07-06days on market $149,900 Active 54 DOM
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2026-07-05days on market $149,900 Active 53 DOM
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2026-07-04days on market $149,900 Active 52 DOM
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2026-07-03days on market $149,900 Active 51 DOM
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2026-07-02days on market $149,900 Active 50 DOM
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2026-07-01days on market $149,900 Active 49 DOM
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2026-06-30days on market $149,900 Active 48 DOM
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2026-06-29days on market $149,900 Active 47 DOM
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2026-06-28days on market $149,900 Active 46 DOM
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2026-06-28days on market $149,900 Active 45 DOM
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2026-06-27days on market $149,900 Active 44 DOM
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2026-06-26days on market $149,900 Active 43 DOM
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2026-06-23days on market $149,900 Active 40 DOM
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2026-06-21days on market $149,900 Active 39 DOM
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2026-06-19days on market $149,900 Active 37 DOM
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2026-06-18days on market $149,900 Active 36 DOM
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2026-06-17price $149,900 Active 35 DOM
Show marketing remark (414 chars)
New Construction! Two bedrooms and two full baths. No carpet and never flooded. Walking distance to downtown Hammond eateries, parks and shopping. Great Opportunity for a first-time homebuyer to invest and/or for an investor to start their rental portfolio. Vacant and easy to show. Builder Incentives Available. Some photos have been virtually staged and/or digitally enhance to illustrate the property potential.
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2026-06-17days on market $160,000 Active 35 DOM
Show marketing remark (414 chars)
New Construction! Two bedrooms and two full baths. No carpet and never flooded. Walking distance to downtown Hammond eateries, parks and shopping. Great Opportunity for a first-time homebuyer to invest and/or for an investor to start their rental portfolio. Vacant and easy to show. Builder Incentives Available. Some photos have been virtually staged and/or digitally enhance to illustrate the property potential.
-
2026-06-16days on market $160,000 Active 34 DOM
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2026-06-15days on market $160,000 Active 33 DOM
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2026-06-14days on market $160,000 Active 31 DOM
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2026-06-13days on market $160,000 Active 30 DOM
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2026-06-10remarks 414-char remark
ⓘ 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
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $16,919
- − Mortgage interest
- −$8,122
- − Property taxes
- −$2,175
- − Insurance
- −$725
- − Repairs & maintenance
- −$1,354
- − Management
- −$1,354
- − Depreciation
- −$4,218
- Taxable loss
- −$1,028
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$247
- After-tax cash flow
- $1,588/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
80/100
Cosmetic rehab
Est. rehab $5,400–$16,200 screening
This home is in good condition with no major repairs needed. It has a good curb appeal and is move-in ready. Upgrading the exterior and interior paint, flooring, and appliances can further enhance its value.
Value-add opportunities
- Both Painting the exterior and interior walls — Painting can enhance the curb appeal and interior aesthetics, making the home more attractive to potential buyers and renters. ↑
- Both Upgrading the flooring — Upgrading the flooring can improve the overall look and feel of the home, making it more appealing to potential buyers and renters. ↑
- Both Installing new appliances — Installing new appliances can make the kitchen more functional and appealing to potential buyers and renters. ↑
ⓘ 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 17/100
Zoned Schools
Elementary
Hammond Westside Montessori
F
LA #472/646
Nat'l #34,815/41,679
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
- Severe rent burden
- 11% 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
- 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 |
|
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| Advertising | 1 | $2B |
|
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Price history
-14.3% since first listed12 events — show timeline
- 2026-06-17 Price Changed $149,900 AcadianaMLS
- 2026-06-17 Price Changed $149,900 GSREIN
- 2026-05-13 Listed $160,000 GSREIN
- 2026-05-13 Listed $160,000 AcadianaMLS
- 2026-03-12 Relisted — AcadianaMLS
- 2025-08-05 Price Changed $160,000 AcadianaMLS
- 2025-08-05 Price Changed $160,000 GSREIN
- 2025-06-24 Price Changed $165,000 AcadianaMLS
- 2025-06-24 Price Changed $165,000 GSREIN
- 2025-06-02 Price Changed $169,000 AcadianaMLS
- 2025-06-02 Price Changed $169,000 GSREIN
- 2025-04-09 Listed $175,000 AcadianaMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…