Queensland III B Plan · Hammond, LA 70454

$252,990

4 bd · 2.5 ba · 1,738 sqft · SingleFamily · 275 Days on market

Excellent condition

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Why this score? — see what drove the F 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 +7.9/30.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• Livability +3.5/5.0
• Rent growth +2.7/5.0
• 1% rule +2.4/10.0
• Schools +2.0/10.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Queensland III B by DSLD Homes, a beautifully designed new construction home offering 1,738 square feet of thoughtfully planned living space. Built with Energy Star Certified efficiency, this home blends comfort, style, and sustainability perfect for modern families looking for a smart investment in their future. The open floor plan creates a seamless flow between the kitchen, dining, and living areas, providing the ideal layout for entertaining and everyday living. The kitchen features elegant recessed can lighting, modern finishes, and plenty of counter space to make meal preparation a joy. A convenient boot bench in the drop zone helps keep things tidy and organized as you enter from the two-car garage. The Queensland III B includes four spacious bedrooms and two and a half bathrooms, offering both privacy and convenience for family members and guests. The master suite serves as a peaceful retreat, featuring a double vanity, a relaxing garden tub, a separate walk-in shower, and a large walk-in closet that provides generous storage space. The exterior of the home showcases a stylish combination of Brick, Stucco, and Siding, creating classic curb appeal that stands the test of time. A charming wooden post accent on the front porch adds a warm, welcoming touch that enhances the home's inviting design. Step out to the covered rear patio, perfect for outdoor dining, morning coffee, or relaxing in the evening breeze. Every DSLD Home is built with Energy Star C

Key facts

• Undermount sinks
• Granite countertops
• 2 garage spots

Tags

• ENERGY STAR CERTIFIED HOMES
• NEW CONSTRUCTION COMMUNITY
• OPEN-CONCEPT FLOOR PLANS
• GRANITE COUNTERTOPS
• UNDERMOUNT SINKS
• STAINLESS STEEL APPLIANCES

🏗️ New construction. The $252,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $314,646.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $253k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-342 ($-4k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $232k (8.3% below list).
• Recommended offer: $223k (12.0% below list) — sets the bar for market timing.

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); 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 39% 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 $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 275 days — a 12% lower offer ($223k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $222,631 (12.0% 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 275 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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. 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: 0.74% ✗
• Cap rate: 4.99%
• Cash-on-cash: -4.66%
• DSCR: 0.79
• GRM: 11.3

CMA / ARV

• ARV (median comp): $314,646
• List price: $252,990
• Delta: -19.60%
• 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
26092 Salt Grass Dr	0.46mi	4/2.5	1,833 (+6%)	1mo	$269,235	$147	69
42298 Blue Bay Dr	0.48mi	4/2.5	1,833 (+6%)	9mo	$266,965	$146	61
42318 Blue Bay Dr	0.46mi	3/2.0 (-1)	1,887 (+9%)	1mo	$271,354	$144	57
42521 Blue Bay Dr	0.48mi	3/2.0 (-1)	1,887 (+9%)	2mo	$271,015	$144	55
42159 Delacer Ln	0.63mi	3/2.0 (-1)	1,685 (-3%)	7mo	$264,000	$157	53
42143 Blue Bay Dr	0.54mi	3/2.0 (-1)	1,887 (+9%)	1mo	$274,800	$146	53
42362 Blue Bay Dr	0.43mi	3/2.0 (-1)	1,887 (+9%)	8mo	$270,150	$143	52
42195 Millbrook Way	0.58mi	3/2.0 (-1)	1,593 (-8%)	0mo	$234,400	$147	51
42242 Blue Bay Dr	0.53mi	3/2.0 (-1)	1,887 (+9%)	9mo	$270,150	$143	47
42266 Blue Bay Dr	0.50mi	3/2.0 (-1)	1,887 (+9%)	11mo	$269,950	$143	46
41519 Dothan Pl	0.65mi	3/2.0 (-1)	1,510 (-13%)	3mo	$235,000	$156	38
42171 Millbrook Way	0.63mi	3/2.0 (-1)	1,564 (-10%)	11mo	$240,000	$153	38

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: -26.8%
• Equity multiple: 0.11×
• Total profit: $-78,094
• Equity at exit: $46,915

10-year hold

• IRR: -34.9%
• Equity multiple: -0.33×
• Total profit: $-116,831
• Equity at exit: $27,205

Cash invested: $88,101 (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: 9.1×

Monthly cashflow live

• Estimated rent: $2,319 medium
• Mortgage (P&I): −$1,650
• Tax est. 1.5%: −$393 /mo · $4,720/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$487
• Net cashflow: $-342

Break-even live

Break-even rent $2,752

Max offer price $265,102

Occupancy floor —

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: $78,661
• Closing costs: $9,439
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26122 Trinity Ln Ponchatoula, LA	4.0	3.0	2175	$2,500	$1.15	43d	1	0.29mi
42290 Blue Bay Dr Ponchatoula, LA	4.0	2.0	1858	$2,150	$1.16	43d	1	0.48mi
42293 Atmore Pl Ponchatoula, LA	4.0	2.0	1820	$2,150	$1.18	43d	1	0.78mi

Listing history 18 events

1. 2026-06-19
   days on market $252,990 Active 275 DOM
2. 2026-06-18
   days on market $252,990 Active 274 DOM
3. 2026-06-17
   days on market $252,990 Active 273 DOM
4. 2026-06-16
   days on market $252,990 Active 272 DOM
5. 2026-06-15
   days on market $252,990 Active 271 DOM
6. 2026-06-14
   days on market $252,990 Active 269 DOM
7. 2026-06-13
   days on market $252,990 Active 268 DOM
8. 2026-06-10
   days on market $252,990 Active 266 DOM
9. 2026-06-09
   days on market $252,990 Active 265 DOM
10. 2026-06-08
    days on market $252,990 Active 264 DOM
11. 2026-06-07
    days on market $252,990 Active 263 DOM
12. 2026-06-05
    days on market $252,990 Active 260 DOM
13. 2026-06-03
    days on market $252,990 Active 259 DOM
14. 2026-06-02
    days on market $252,990 Active 258 DOM
15. 2026-06-01
    days on market $252,990 Active 257 DOM
16. 2026-05-31
    days on market $252,990 Active 256 DOM
17. 2026-05-30
    days on market $252,990 Active 255 DOM
18. 2025-09-18
    listed $252,990 Active 1496-char remark

    Show marketing remark (1496 chars)

    Welcome to the Queensland III B by DSLD Homes, a beautifully designed new construction home offering 1,738 square feet of thoughtfully planned living space. Built with Energy Star Certified efficiency, this home blends comfort, style, and sustainability perfect for modern families looking for a smart investment in their future. The open floor plan creates a seamless flow between the kitchen, dining, and living areas, providing the ideal layout for entertaining and everyday living. The kitchen features elegant recessed can lighting, modern finishes, and plenty of counter space to make meal preparation a joy. A convenient boot bench in the drop zone helps keep things tidy and organized as you enter from the two-car garage. The Queensland III B includes four spacious bedrooms and two and a half bathrooms, offering both privacy and convenience for family members and guests. The master suite serves as a peaceful retreat, featuring a double vanity, a relaxing garden tub, a separate walk-in shower, and a large walk-in closet that provides generous storage space. The exterior of the home showcases a stylish combination of Brick, Stucco, and Siding, creating classic curb appeal that stands the test of time. A charming wooden post accent on the front porch adds a warm, welcoming touch that enhances the home's inviting design. Step out to the covered rear patio, perfect for outdoor dining, morning coffee, or relaxing in the evening breeze. Every DSLD Home is built with Energy Star C

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 21 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: $27,829
• − Mortgage interest: −$17,625
• − Property taxes: −$4,720
• − Insurance: −$1,573
• − Repairs & maintenance: −$2,226
• − Management: −$2,226
• − Depreciation: −$9,153
• Taxable loss: −$9,695
• Est. tax savings @ 24.0%: +$2,327
• After-tax cash flow: $-1,782/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 · 2 photos

Excellent 100/100 None rehab

This beautifully designed new construction home is in excellent condition with no visible repairs or maintenance needed. It offers a great investment opportunity with high resale and rental potential.

Value-add opportunities

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics
• Both Landscaping — Enhances curb appeal and can increase property value
• Both New flooring — Can improve the look and feel of the home
• Both New kitchen appliances — Modernizes the kitchen and can attract more buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Landscaping — Enhances curb appeal and can increase property value ↑
• Both New flooring — Can improve the look and feel of the home ↑
• Both New kitchen appliances — Modernizes the kitchen and can attract more buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

1 event — show timeline

• 2025-09-18 Listed $252,990 Zillow