48524 N Prevost Ln · Hammond, LA 70446

$198,500

3 bd · 2.0 ba · 1,610 sqft · SingleFamily public records · 74 Days on market

Built 2009 1.00 ac lot $123/sqft · 18% below area Est $240k · 17% under

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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 +15.6/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• Livability +3.5/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Single home 17 years old on 1 acre. Large den with natural light. Large dining room / Kitchen combo with large island and plenty of cabinets for storage. Primary bedroom can easily accomdate kingsize furniture plus relax in your private bath with double hand basins, seperate walk in shower and a soaking tub. Home has wood fencing for privacy and security for your pup to run. A large barn storage building in rear of fenced yard. Plenty of space for camper or boat storage.

Key facts

• Large den
• Private bath
• Large island

Tags

• LARGE DEN
• DINING ROOM KITCHEN COMBO
• LARGE ISLAND
• PLENTY OF CABINETS
• PRIVATE BATH
• DOUBLE HAND BASINS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $198k.

Deal economics

• At list price, monthly cash flow is $85 ($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 $166k (16.4% below list).
• Recommended offer: $166k (16.4% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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: 60 active listings in the ZIP; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 74 days — a 6% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 19y ago; this cycle's ask has dropped $32k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $139k; 43% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $166,043 (16.4% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 16% 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: 0.84% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.83%
• DSCR: 1.08
• GRM: 10.0

CMA / ARV

• ARV (median comp): $239,990
• List price: $198,500
• Delta: -17.29%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
48564 N Prevost Ln	0.07mi	3/2.0	1,440 (-11%)	8mo	$232,500	$161	73
48674 N Prevost Ln	0.28mi	4/2.0 (+1)	1,555 (-3%)	7mo	$231,900	$149	70
48698 N Prevost Ln	0.33mi	4/2.0 (+1)	1,555 (-3%)	14mo	$239,900	$154	62
21360 Dog Gone Dr	0.45mi	3/2.0	1,815 (+13%)	0mo	$40,000	$22	58

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.4%
• Equity multiple: 0.52×
• Total profit: $-26,831
• Equity at exit: $29,597

10-year hold

• IRR: -4.6%
• Equity multiple: 0.70×
• Total profit: $-16,673
• Equity at exit: $17,163

Cash invested: $55,580 (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 70446

• Home prices YoY: -33.1%
• Active inventory: 60
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,660 medium
• Mortgage (P&I): −$1,041
• Tax from tax record: −$103 /mo · $1,240/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $85

Break-even live

Break-even rent $1,553

Max offer price $198,500

Occupancy floor 90%

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: $49,625
• Closing costs: $5,955
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-05-04
   status Pending 475-char remark

   Show marketing remark (475 chars)

   Single home 17 years old on 1 acre. Large den with natural light. Large dining room / Kitchen combo with large island and plenty of cabinets for storage. Primary bedroom can easily accomdate kingsize furniture plus relax in your private bath with double hand basins, seperate walk in shower and a soaking tub. Home has wood fencing for privacy and security for your pup to run. A large barn storage building in rear of fenced yard. Plenty of space for camper or boat storage.

2. 2026-05-04
   status Pending 475-char remark

   Show marketing remark (475 chars)

   Single home 17 years old on 1 acre. Large den with natural light. Large dining room / Kitchen combo with large island and plenty of cabinets for storage. Primary bedroom can easily accomdate kingsize furniture plus relax in your private bath with double hand basins, seperate walk in shower and a soaking tub. Home has wood fencing for privacy and security for your pup to run. A large barn storage building in rear of fenced yard. Plenty of space for camper or boat storage.

3. 2026-03-07
   price $198,500 475-char remark

   Show marketing remark (475 chars)

   Single home 17 years old on 1 acre. Large den with natural light. Large dining room / Kitchen combo with large island and plenty of cabinets for storage. Primary bedroom can easily accomdate kingsize furniture plus relax in your private bath with double hand basins, seperate walk in shower and a soaking tub. Home has wood fencing for privacy and security for your pup to run. A large barn storage building in rear of fenced yard. Plenty of space for camper or boat storage.

4. 2026-03-07
   price $198,500 475-char remark

   Show marketing remark (475 chars)

   Single home 17 years old on 1 acre. Large den with natural light. Large dining room / Kitchen combo with large island and plenty of cabinets for storage. Primary bedroom can easily accomdate kingsize furniture plus relax in your private bath with double hand basins, seperate walk in shower and a soaking tub. Home has wood fencing for privacy and security for your pup to run. A large barn storage building in rear of fenced yard. Plenty of space for camper or boat storage.

5. 2026-02-17
   listed $230,000 Active 475-char remark

   Show marketing remark (475 chars)

   Single home 17 years old on 1 acre. Large den with natural light. Large dining room / Kitchen combo with large island and plenty of cabinets for storage. Primary bedroom can easily accomdate kingsize furniture plus relax in your private bath with double hand basins, seperate walk in shower and a soaking tub. Home has wood fencing for privacy and security for your pup to run. A large barn storage building in rear of fenced yard. Plenty of space for camper or boat storage.

6. 2026-02-17
   listed $230,000 Active 475-char remark

   Show marketing remark (475 chars)

   Single home 17 years old on 1 acre. Large den with natural light. Large dining room / Kitchen combo with large island and plenty of cabinets for storage. Primary bedroom can easily accomdate kingsize furniture plus relax in your private bath with double hand basins, seperate walk in shower and a soaking tub. Home has wood fencing for privacy and security for your pup to run. A large barn storage building in rear of fenced yard. Plenty of space for camper or boat storage.

7. 2024-08-04
   listed $220,000
8. 2020-10-17
   listed $169,900
9. 2014-10-03
   listed $149,900
10. 2014-10-03
    listed $149,900
11. 2009-11-20
    soldstatus $139,000
12. 2008-08-05
    listed $139,900
13. 2008-08-05
    listed $139,900
14. 2008-06-26
    listed $149,900
15. 2008-06-26
    listed $149,900
16. 2007-11-20
    listed $159,900
17. 2007-11-20
    listed $159,900

ⓘ 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: $1,240 · $103/mo
• Projected year-2 tax: $1,240 · $103/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 8/10 Severe 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: $19,925
• − Mortgage interest: −$11,119
• − Property taxes: −$1,240
• − Insurance: −$992
• − Repairs & maintenance: −$1,594
• − Management: −$1,594
• − Depreciation: −$5,775
• Taxable loss: −$2,389
• Est. tax savings @ 24.0%: +$573
• After-tax cash flow: $1,590/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

• City population: 51,394
• Population (ZIP): 6,871

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 (81%)
• Race & ethnicity: White 81% Black 9% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Lithuanian 13%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 4% French/Haitian/Cajun 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: ▼ -66.41%
• Current HPI: 133.9227
• Rent YoY: —
• Metro: —
• 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

+24.1% since first listed

17 events — show timeline

• 2026-05-04 Pending — AcadianaMLS
• 2026-05-04 Pending — GSREIN
• 2026-03-07 Price Changed $198,500 AcadianaMLS
• 2026-03-07 Price Changed $198,500 GSREIN
• 2026-02-17 Listed $230,000 GSREIN
• 2026-02-17 Listed $230,000 AcadianaMLS
• 2024-08-04 Listed $220,000 AcadianaMLS
• 2020-10-17 Listed $169,900 AcadianaMLS
• 2014-10-03 Listed $149,900 GSREIN
• 2014-10-03 Listed $149,900 AcadianaMLS
• 2009-11-20 Sold (MLS) $139,000 GSREIN
• 2008-08-05 Listed $139,900 AcadianaMLS
• 2008-08-05 Listed $139,900 GSREIN
• 2008-06-26 Listed $149,900 GSREIN
• 2008-06-26 Listed $149,900 AcadianaMLS
• 2007-11-20 Listed $159,900 GSREIN
• 2007-11-20 Listed $159,900 AcadianaMLS

Property tax history

+0.5%/yr

Latest (2025): $1,240 · +0.4% YoY. Source: county tax records.