105 E Stovall St · Hammond, LA 70403

$145,000

2 bd · 2.0 ba · 1,080 sqft · SingleFamily · 134 Days on market

Built 2025 Good condition $134/sqft · 13% below area Est $167k · 13% under ↓ 14% since listing

---

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 +15.4/30.0
• ARV discount +13.3/15.0
• DSCR +4.7/10.0
• 1% rule +4.2/10.0
• 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

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

• NEW CONSTRUCTION
• VACANT AND EASY TO SHOW

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 $55 ($665/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 $134k (7.7% below list).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.8% 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 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; 429 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 47% 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 32% 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 134 days — a 12% lower offer ($128k) 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 $127,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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. 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?
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: 0.92% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.64%
• DSCR: 1.07
• GRM: 9.0

CMA / ARV

• ARV (median comp): $166,663
• List price: $145,000
• Delta: -13.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 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%)	2mo	$111,300	$110	65
99 White St	0.18mi	3/2.0 (+1)	1,000 (-7%)	12mo	$70,000	$70	65
1010 W Charles St	0.59mi	3/2.0 (+1)	1,190 (+10%)	4mo	$182,000	$153	47
303 E Park Ave	0.69mi	2/2.0	1,128 (+4%)	17mo	$185,000	$164	46
601 S Cherry St	0.67mi	3/1.0 (+1)	1,176 (+9%)	22mo	$128,000	$109	26

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: -16.7%
• Equity multiple: 0.42×
• Total profit: $-23,451
• Equity at exit: $21,620

10-year hold

• IRR: -14.3%
• Equity multiple: 0.28×
• Total profit: $-29,420
• 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.

Methodology + full state rankings →

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

Active competition Active MLS

• For sale now: 13 active · 10 under contract
• Months of supply: 6.5 mo (15%/mo absorbed)
• Median asking: $149,999 ($126/sqft)
• Median days on market: 91 d
• This list price: 38% of active listings are priced below it
• ARV vs active asking: +22.9% 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: 9.0×

Monthly cashflow live

• Estimated rent: $1,339 high
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $55

Break-even live

Break-even rent $1,268

Max offer price $145,000

Occupancy floor 91%

Sensitivity live

Price	-10% $156	-5% $105	+0% $55	+5% $5	+10% $-45
Rent	-10% $-50	-5% $3	+0% $55	+5% $108	+10% $161
Rate	-1.0pp $128	-0.5pp $92	base $55	+0.5pp $18	+1.0pp $-20

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: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
111 Center St Hammond, LA	3.0	1.5	1098	$1,200	$1.09	2d	1	0.17mi
1002 S Pine St Hammond, LA	3.0	2.5	1324	$1,500	$1.13	139d	1	0.32mi
207 S Laurel St Unit B Hammond, LA	3.0	2.0	1100	$1,350	$1.23	139d	1	0.36mi
221 W Thomas St Unit A Hammond, LA	3.0	1.0	1400	$2,050	$1.46	139d	1	0.56mi
1307 Bauerle Rd Hammond, LA	3.0	2.0	1425	$1,800	$1.26	2d	1	0.58mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	139d	1	0.59mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	2d	1	0.59mi
1600 Bauerle Rd Hammond, LA	1.0–3.0	1.0–2.0	1002	$1,749	$1.74	2d	9	0.62mi
402 S Cherry St Hammond, LA	3.0	2.0	1400	$1,700	$1.21	139d	1	0.65mi
211 S Cypress St Unit E Hammond, LA	1.0	1.0	768	$1,095	$1.43	2d	1	0.68mi
204 W Clark St Hammond, LA	2.0	1.0	840	$900	$1.07	139d	1	0.72mi
100 S Cypress St Hammond, LA	2.0	2.5	1100	$1,750	$1.59	139d	1	0.72mi
500 N General Pershing St Unit 500 1/2 Hammond, LA	2.0	1.0	962	$1,295	$1.35	2d	1	0.73mi
114 N Cypress St Unit 3 Hammond, LA	2.0	1.0	985	$1,300	$1.32	2d	1	0.76mi
209 Dixie Dr Hammond, LA	3.0	1.0	1100	$1,150	$1.05	139d	1	0.91mi
610 Old Covington Hwy Unit A Hammond, LA	2.0	1.0	850	$900	$1.06	2d	1	0.94mi
202 S Chestnut St Hammond, LA	1.0	1.0	750	$1,075	$1.43	139d	1	0.96mi
300 Maple St Hammond, LA	3.0	1.5	1340	$1,200	$0.90	2d	1	0.97mi
408 E Michigan St Hammond, LA	2.0	1.0	1222	$1,350	$1.10	139d	1	1.08mi
809 E Thomas St Hammond, LA	2.0	1.0	1358	$1,375	$1.01	2d	1	1.13mi
710 Blackburn Rd Unit A Hammond, LA	2.0	2.0	1100	$1,300	$1.18	2d	1	1.16mi
308 Alexander Dr Hammond, LA	3.0	2.0	1193	$1,390	$1.17	139d	1	1.24mi
308 Alexander Dr Hammond, LA	3.0	2.0	1193	$1,290	$1.08	2d	1	1.24mi
16218 E Minnesota Park Rd Unit 3B Hammond, LA	2.0	2.5	1095	$1,450	$1.32	139d	1	1.35mi
1407 Hooks Dr Unit B Hammond, LA	2.0	1.0	838	$1,000	$1.19	139d	1	1.37mi
1407 Hooks Dr Unit B Hammond, LA	2.0	1.0	838	$1,000	$1.19	2d	1	1.37mi
44079 Parker Blvd Hammond, LA	3.0	2.0	1394	$1,800	$1.29	2d	1	1.38mi
2617 Rue Saint Martin Hammond, LA	2.0	1.5	1399	$1,000	$0.71	139d	1	1.46mi
42329 Ruth Ann St Hammond, LA	2.0	1.0	867	$1,050	$1.21	3d	1	1.46mi
2703 Rue Saint Martin Unit B Hammond, LA	2.0	1.5	1120	$895	$0.80	3d	1	1.49mi

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

1. 2026-09-24
   days on market $145,000 Active 134 DOM
2. 2026-09-24
   days on market $145,000 Active 133 DOM
3. 2026-09-22
   days on market $145,000 Active 132 DOM
4. 2026-09-21
   days on market $145,000 Active 131 DOM
5. 2026-09-20
   days on market $145,000 Active 130 DOM
6. 2026-09-19
   days on market $145,000 Active 129 DOM
7. 2026-09-18
   days on market $145,000 Active 128 DOM
8. 2026-09-17
   days on market $145,000 Active 127 DOM
9. 2026-09-16
   days on market $145,000 Active 126 DOM
10. 2026-09-15
    days on market $145,000 Active 125 DOM
11. 2026-09-14
    days on market $145,000 Active 124 DOM
12. 2026-09-13
    days on market $145,000 Active 123 DOM
13. 2026-09-12
    days on market $145,000 Active 122 DOM
14. 2026-09-11
    days on market $145,000 Active 121 DOM
15. 2026-09-05
    days on market $145,000 Active 115 DOM
16. 2026-09-04
    days on market $145,000 Active 114 DOM
17. 2026-09-03
    days on market $145,000 Active 113 DOM
18. 2026-09-02
    days on market $145,000 Active 112 DOM
19. 2026-08-30
    days on market $145,000 Active 109 DOM
20. 2026-08-29
    days on market $145,000 Active 108 DOM
21. 2026-08-28
    days on market $145,000 Active 107 DOM
22. 2026-08-27
    days on market $145,000 Active 106 DOM
23. 2026-08-26
    days on market $145,000 Active 105 DOM
24. 2026-08-25
    days on market $145,000 Active 104 DOM
25. 2026-08-24
    days on market $145,000 Active 103 DOM
26. 2026-08-23
    days on market $145,000 Active 102 DOM
27. 2026-08-22
    days on market $145,000 Active 101 DOM
28. 2026-08-21
    days on market $145,000 Active 100 DOM
29. 2026-08-20
    days on market $145,000 Active 99 DOM
30. 2026-08-19
    days on market $145,000 Active 98 DOM
31. 2026-08-18
    days on market $145,000 Active 97 DOM
32. 2026-08-17
    days on market $145,000 Active 96 DOM
33. 2026-08-16
    days on market $145,000 Active 95 DOM
34. 2026-08-15
    days on market $145,000 Active 94 DOM
35. 2026-08-14
    days on market $145,000 Active 93 DOM
36. 2026-08-13
    days on market $145,000 Active 92 DOM
37. 2026-08-12
    days on market $145,000 Active 91 DOM
38. 2026-08-11
    days on market $145,000 Active 90 DOM
39. 2026-08-10
    days on market $145,000 Active 89 DOM
40. 2026-08-09
    days on market $145,000 Active 88 DOM
41. 2026-08-08
    days on market $145,000 Active 87 DOM
42. 2026-08-07
    days on market $145,000 Active 86 DOM
43. 2026-08-06
    days on market $145,000 Active 85 DOM
44. 2026-08-05
    days on market $145,000 Active 84 DOM
45. 2026-08-04
    days on market $145,000 Active 83 DOM
46. 2026-08-03
    days on market $145,000 Active 82 DOM
47. 2026-07-31
    days on market $145,000 Active 79 DOM
48. 2026-07-30
    days on market $145,000 Active 78 DOM
49. 2026-07-30
    price $145,000 Active 77 DOM
50. 2026-07-29
    days on market $148,000 Active 77 DOM

ⓘ 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: $16,063
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − Depreciation: −$4,218
• Taxable loss: −$1,748
• Est. tax savings @ 24.0%: +$419
• After-tax cash flow: $1,084/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 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: 33.6% rent · 66.4% 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
▸Advertising	1	$2B

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)

Price history

-14.3% since first listed

12 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