14235 Happywoods Dr · Hammond, LA 70403

$167,000

3 bd · 2.0 ba · 1,379 sqft · SingleFamily public records · 103 Days on market

Built 1986 0.26 ac lot Est $201k · 17% under

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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 +21.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +4.7/10.0
• Livability +3.5/5.0
• 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

This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

Key facts

• Big backyard
• Great neighborhood
• Custom shower

Tags

• QUARTER-ACRE LOT
• CUSTOM SHOWER
• LARGE LAUNDRY ROOM
• BIG BACKYARD
• GREAT NEIGHBORHOOD

Property features AI

Exterior

• Parking: Carport
• Utilities: Public water; Public sewer
• Home design: Single-story; Average condition; Slab foundation
• Construction: Brick construction; Shingle roof; Built on slab foundation
• Exterior features: Outside city limits; Rectangular lot; Lot dimensions approximately 75 x 149 x 75 x 153

Interior

• Kitchen: Microwave; Range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Attic; Pantry; Pull-down attic stairs
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $167k.

Deal economics

• At list price, monthly cash flow is $263 ($3k/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 $161k (3.4% below list).
• Recommended offer: $152k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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: Rents flat; 329 active listings in the ZIP; 6 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 38% 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 $5k 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 103 days — a 9% lower offer ($152k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $12k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $53k; list at $167k implies a 217% gain — meaningful room to come down on a strong offer.

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 $151,970 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% 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. 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.
7. 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.
8. 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: 8.18%
• Cash-on-cash: 6.74%
• DSCR: 1.30
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $201,334
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
42262 Broadwalk Ave	0.09mi	3/2.0	1,398 (+1%)	2mo	$227,000	$162	91
14223 Lindsay Dr	0.10mi	3/1.0	1,378 (-0%)	14mo	$179,000	$130	80
42304 Broadwalk Ave	0.13mi	3/2.0	1,398 (+1%)	15mo	$210,000	$150	79
14408 Ann Dr	0.35mi	3/2.0	1,461 (+6%)	2mo	$192,000	$131	72
42135 Broadwalk Ave	0.32mi	3/2.0	1,398 (+1%)	14mo	$220,000	$157	71
14138 Happywoods Dr	0.19mi	3/2.0	1,445 (+5%)	16mo	$200,000	$138	70
11070 Doubleday Dr	0.35mi	3/2.0	1,424 (+3%)	13mo	$219,000	$154	68
11077 Doubleday Dr	0.35mi	3/2.0	1,424 (+3%)	22mo	$212,985	$150	60
14257 Lindsay Dr	0.06mi	3/2.0	1,193 (-14%)	22mo	$1,500	$1	57
42571 Happywoods Dr	0.57mi	2/2.0 (-1)	1,356 (-2%)	21mo	$175,000	$129	48
44217 Marshall Rd	0.35mi	4/2.0 (+1)	1,532 (+11%)	23mo	$223,600	$146	41
42563 Happywoods Rd	0.57mi	3/1.0	1,200 (-13%)	14mo	$155,000	$129	36

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: -8.7%
• Equity multiple: 0.69×
• Total profit: $-14,612
• Equity at exit: $24,900

10-year hold

• IRR: -2.8%
• Equity multiple: 0.83×
• Total profit: $-7,852
• Equity at exit: $14,439

Cash invested: $46,760 (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: 329
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,613 high
• Mortgage (P&I): −$876
• Tax from tax record: −$66 /mo · $792/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $263

Break-even live

Break-even rent $1,280

Max offer price $167,000

Occupancy floor 79%

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: $41,750
• Closing costs: $5,010
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
42268 Will E Wright Jr Dr Hammond, LA	3.0	2.0	1300	$1,800	$1.38	43d	1	0.10mi
14007 Virginia Dr Unit C Hammond, LA	2.0	1.0	875	$895	$1.02	43d	1	0.40mi
42640 Happywoods Rd Unit 1 Hammond, LA	2.0	1.5	1100	$1,350	$1.23	43d	1	0.63mi
41349 Schafer Dr Hammond, LA	3.0	2.0	1564	$1,700	$1.09	43d	1	0.73mi
42114 Gardens Blvd Unit B Hammond, LA	2.0	2.0	1343	$1,450	$1.08	43d	1	1.26mi
44051 Stein Rd Unit 2 Hammond, LA	2.0	1.5	1085	$875	$0.81	43d	1	1.49mi

Listing history 26 events

1. 2026-06-19
   days on market $167,000 Active 103 DOM
2. 2026-06-18
   days on market $167,000 Active 102 DOM
3. 2026-06-17
   days on market $167,000 Active 101 DOM
4. 2026-06-16
   days on market $167,000 Active 100 DOM
5. 2026-06-15
   days on market $167,000 Active 99 DOM
6. 2026-06-14
   days on market $167,000 Active 97 DOM
7. 2026-06-13
   pricedays on market $167,000 Active 96 DOM
8. 2026-06-10
   days on market $169,500 Active 94 DOM
9. 2026-06-09
   days on market $169,500 Active 93 DOM
10. 2026-06-08
    days on market $169,500 Active 92 DOM
11. 2026-06-07
    days on market $169,500 Active 91 DOM
12. 2026-06-05
    days on market $169,500 Active 88 DOM
13. 2026-06-03
    days on market $169,500 Active 87 DOM
14. 2026-06-02
    pricedays on market $169,500 Active 86 DOM
15. 2026-06-01
    days on market $175,000 Active 85 DOM
16. 2026-05-31
    days on market $175,000 Active 84 DOM
17. 2026-05-30
    days on market $175,000 Active 83 DOM
18. 2026-05-18
    status Active 629-char remark

    Show marketing remark (629 chars)

    This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

19. 2026-05-18
    status Active

    Show marketing remark (629 chars)

    This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

20. 2026-05-01
    status Pending 629-char remark

    Show marketing remark (629 chars)

    This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

21. 2026-05-01
    status Pending

    Show marketing remark (629 chars)

    This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

22. 2026-03-27
    price $175,000 629-char remark

    Show marketing remark (629 chars)

    This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

23. 2026-03-27
    price $175,000

    Show marketing remark (629 chars)

    This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

24. 2026-02-19
    listed $179,000 Active 629-char remark

    Show marketing remark (629 chars)

    This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

25. 2026-02-19
    listed $179,000 Active

    Show marketing remark (629 chars)

    This well-cared-for, all-original home offers solid construction on a spacious quarter-acre lot in Happywoods subdivision. While the interior reflects its classic style, the home has been lovingly maintained and is move-in ready with plenty of opportunity to update to your taste. Inside, you'll find generous closet space throughout, a custom shower with a built-in seat, and a large laundry room with ample room for storage and workspace. The big backyard provides plenty of space for outdoor entertaining, gardening, or simply relaxing. A wonderful opportunity to own a solid home in a great neighborhood and make it your own!

26. 1986-02-13
    soldstatus $52,600

ⓘ 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: $792 · $66/mo
• Projected year-2 tax: $918 · $77/mo
• Expected delta: +$126/yr (+$11/mo · 15.9%)

ⓘ 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 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: $19,353
• − Mortgage interest: −$9,355
• − Property taxes: −$792
• − Insurance: −$835
• − Repairs & maintenance: −$1,548
• − Management: −$1,548
• − Depreciation: −$4,858
• Taxable income: $417
• Est. tax owed @ 24.0%: −$100
• After-tax cash flow: $3,053/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

+232.7% since first listed

9 events — show timeline

• 2026-05-18 Relisted — AcadianaMLS
• 2026-05-18 Relisted — GSREIN
• 2026-05-01 Pending — AcadianaMLS
• 2026-05-01 Pending — GSREIN
• 2026-03-27 Price Changed $175,000 AcadianaMLS
• 2026-03-27 Price Changed $175,000 GSREIN
• 2026-02-19 Listed $179,000 GSREIN
• 2026-02-19 Listed $179,000 AcadianaMLS
• 1986-02-13 Sold (Public Records) $52,600 Public Records

Property tax history

+0.2%/yr

Latest (2025): $792 · +1.0% YoY. Source: county tax records.