42198 Jasper Ln · Madisonville, LA 70454

$210,000

3 bd · 2.0 ba · 1,416 sqft · SingleFamily public records · 49 Days on market

Built 2019 8,712 sqft lot $148/sqft · 15% below area Est $243k · 14% under $21/mo HOA · 1% of rent

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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 +21.0/30.0
• ARV discount +13.6/15.0
• DSCR +6.7/10.0
• 1% rule +4.8/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Some homes are just houses. This one feels like it was waiting for you. Offered for the very first time by its original owner, this 2019-built DSLD home in the coveted Silver Home subdivision has been quietly enjoyed and carefully kept. From the moment you step inside the open Dayton III A floor plan, you'll notice the difference that thoughtful upgrades make. Slab granite countertops stretch across every surface, birch cabinetry frames the home, and Frigidaire appliances stand ready in a kitchen so pristine the dishwasher has genuinely never been used. Every bedroom has its own spacious closet, and every window and exterior door has an upgraded blinds package. The practical details are just as impressive. A tankless water heater, ceramic tile in all wet areas, and a two-car garage that flows directly into the laundry room make daily life feel effortless. For added peace of mind, the home sits in an X flood zone. Step outside and the possibilities multiply. An extra five feet of depth give this backyard a generous, open feel that's ready for summer barbecues, birthday parties, and lazy afternoons with plenty of room to run and play. A double gate makes lawn maintenance a breeze and opens the door to potential rear yard access. The neighborhood wraps it all together with a pond, sidewalks, and street lamps that cast a warm glow over the kind of neighborhood you'll be proud to come home to. The HOA keeps the common areas beautifully maintained, and a private owners-only Facebook group means you're not just buying a home, you're joining a community. First time on the market. Original owner. Move-in ready. 3D tour: https://my.matterport.com/show/?m=EGR9bni9dpG&mls=1 Schedule your showing today!

Key facts

• 8,712 sq ft lot
• Garage
• Built 2019

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $297 ($4k/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 $206k (1.9% below list).
• Recommended offer: $204k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.6% in Madisonville — 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 79/100 on livability (#5 in LA, #2,302 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute 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.
• Market conditions: Rents flat; 526 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
• This rent runs 35% 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 $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 49 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $156k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $203,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 0.98% ✗
• Cap rate: 7.99%
• Cash-on-cash: 6.06%
• DSCR: 1.27
• GRM: 8.5

CMA / ARV

• ARV (median comp): $243,025
• List price: $210,000
• Delta: -13.59%
• 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
42174 Dothan Pl	0.08mi	3/2.0	1,397 (-1%)	1mo	$225,500	$161	93
42165 Millbrook Way	0.16mi	3/2.0	1,424 (+1%)	0mo	$260,000	$183	91
42159 Atmore Pl	0.08mi	3/2.0	1,394 (-2%)	3mo	$215,000	$154	91
42151 Jasper Ln	0.10mi	3/2.0	1,424 (+1%)	8mo	$239,900	$168	88
42190 Blakely Pl	0.14mi	3/2.0	1,445 (+2%)	3mo	$235,000	$163	88
42125 Dothan Pl	0.17mi	3/2.0	1,394 (-2%)	5mo	$219,500	$157	85
42178 Blakely Pl	0.15mi	3/2.0	1,394 (-2%)	8mo	$220,000	$158	84
42086 Dothan Pl	0.22mi	3/2.0	1,459 (+3%)	1mo	$242,000	$166	84
41519 Dothan Pl	0.26mi	3/2.0	1,510 (+7%)	3mo	$235,000	$156	75
42195 Millbrook Way	0.15mi	3/2.0	1,593 (+12%)	0mo	$234,400	$147	72
26384 April Ln	0.45mi	2/2.0 (-1)	1,458 (+3%)	3mo	$249,000	$171	66
42171 Millbrook Way	0.16mi	3/2.0	1,564 (+10%)	11mo	$240,000	$153	66

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: -9.5%
• Equity multiple: 0.66×
• Total profit: $-19,901
• Equity at exit: $31,312

10-year hold

• IRR: -3.3%
• Equity multiple: 0.80×
• Total profit: $-11,709
• Equity at exit: $18,157

Cash invested: $58,800 (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: 8.5×

Monthly cashflow live

• Estimated rent: $2,059 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$120 /mo · $1,444/yr
• Insurance: −$88
• HOA: −$21
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $297

Break-even live

Break-even rent $1,684

Max offer price $210,000

Occupancy floor 81%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
42293 Atmore Pl Ponchatoula, LA	4.0	2.0	1820	$2,150	$1.18	43d	1	0.23mi
42290 Blue Bay Dr Ponchatoula, LA	4.0	2.0	1858	$2,150	$1.16	43d	1	0.73mi

HOA detail

• Monthly dues: $21 · $252/yr
• Likely covers: water

Listing history 24 events

1. 2026-06-19
   days on market $210,000 Active 49 DOM
2. 2026-06-18
   days on market $210,000 Active 48 DOM
3. 2026-06-17
   days on market $210,000 Active 47 DOM
4. 2026-06-16
   days on market $210,000 Active 46 DOM
5. 2026-06-15
   days on market $210,000 Active 45 DOM
6. 2026-06-14
   days on market $210,000 Active 43 DOM
7. 2026-06-13
   days on market $210,000 Active 42 DOM
8. 2026-06-10
   days on market $210,000 Active 40 DOM
9. 2026-06-09
   days on market $210,000 Active 39 DOM
10. 2026-06-08
    days on market $210,000 Active 38 DOM
11. 2026-06-07
    days on market $210,000 Active 37 DOM
12. 2026-06-05
    days on market $210,000 Active 34 DOM
13. 2026-06-03
    days on market $210,000 Active 33 DOM
14. 2026-06-02
    days on market $210,000 Active 32 DOM
15. 2026-06-01
    days on market $210,000 Active 31 DOM
16. 2026-05-31
    days on market $210,000 Active 30 DOM
17. 2026-05-30
    days on market $210,000 Active 29 DOM
18. 2026-05-01
    listed $210,000 Active 1723-char remark

    Show marketing remark (1723 chars)

    Some homes are just houses. This one feels like it was waiting for you. Offered for the very first time by its original owner, this 2019-built DSLD home in the coveted Silver Home subdivision has been quietly enjoyed and carefully kept. From the moment you step inside the open Dayton III A floor plan, you'll notice the difference that thoughtful upgrades make. Slab granite countertops stretch across every surface, birch cabinetry frames the home, and Frigidaire appliances stand ready in a kitchen so pristine the dishwasher has genuinely never been used. Every bedroom has its own spacious closet, and every window and exterior door has an upgraded blinds package. The practical details are just as impressive. A tankless water heater, ceramic tile in all wet areas, and a two-car garage that flows directly into the laundry room make daily life feel effortless. For added peace of mind, the home sits in an X flood zone. Step outside and the possibilities multiply. An extra five feet of depth give this backyard a generous, open feel that's ready for summer barbecues, birthday parties, and lazy afternoons with plenty of room to run and play. A double gate makes lawn maintenance a breeze and opens the door to potential rear yard access. The neighborhood wraps it all together with a pond, sidewalks, and street lamps that cast a warm glow over the kind of neighborhood you'll be proud to come home to. The HOA keeps the common areas beautifully maintained, and a private owners-only Facebook group means you're not just buying a home, you're joining a community. First time on the market. Original owner. Move-in ready. 3D tour: https://my.matterport.com/show/?m=EGR9bni9dpG&mls=1 Schedule your showing today!

19. 2019-05-01
    status Active 372-char remark

    Show marketing remark (372 chars)

    Brand NEW Construction! DSLD HOMES DAYTON III A has an open floor plan that includes upgraded blinds for windows & exterior doors package. Special plan features include slab granite counters throughout, beautiful birch cabinets, Frigidaire appliance package, walk-in closets in all bedrooms, ceramic tile in wet areas, tankless water heater, sod, landscape and more!

20. 2019-05-01
    soldstatus $155,970 Closed 372-char remark

    Show marketing remark (372 chars)

    Brand NEW Construction! DSLD HOMES DAYTON III A has an open floor plan that includes upgraded blinds for windows & exterior doors package. Special plan features include slab granite counters throughout, beautiful birch cabinets, Frigidaire appliance package, walk-in closets in all bedrooms, ceramic tile in wet areas, tankless water heater, sod, landscape and more!

21. 2019-04-15
    status Pending 372-char remark

    Show marketing remark (372 chars)

    Brand NEW Construction! DSLD HOMES DAYTON III A has an open floor plan that includes upgraded blinds for windows & exterior doors package. Special plan features include slab granite counters throughout, beautiful birch cabinets, Frigidaire appliance package, walk-in closets in all bedrooms, ceramic tile in wet areas, tankless water heater, sod, landscape and more!

22. 2019-04-15
    price $155,970 372-char remark

    Show marketing remark (372 chars)

    Brand NEW Construction! DSLD HOMES DAYTON III A has an open floor plan that includes upgraded blinds for windows & exterior doors package. Special plan features include slab granite counters throughout, beautiful birch cabinets, Frigidaire appliance package, walk-in closets in all bedrooms, ceramic tile in wet areas, tankless water heater, sod, landscape and more!

23. 2019-04-15
    listed $155,790 Active 372-char remark

    Show marketing remark (372 chars)

    Brand NEW Construction! DSLD HOMES DAYTON III A has an open floor plan that includes upgraded blinds for windows & exterior doors package. Special plan features include slab granite counters throughout, beautiful birch cabinets, Frigidaire appliance package, walk-in closets in all bedrooms, ceramic tile in wet areas, tankless water heater, sod, landscape and more!

24. 2019-04-15
    listed $155,970

    Show marketing remark (372 chars)

    Brand NEW Construction! DSLD HOMES DAYTON III A has an open floor plan that includes upgraded blinds for windows & exterior doors package. Special plan features include slab granite counters throughout, beautiful birch cabinets, Frigidaire appliance package, walk-in closets in all bedrooms, ceramic tile in wet areas, tankless water heater, sod, landscape and more!

ⓘ 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: $1,444 · $120/mo
• Projected year-2 tax: $1,444 · $120/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 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 23 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: $24,713
• − Mortgage interest: −$11,763
• − Property taxes: −$1,444
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,977
• − Management: −$1,977
• − HOA: −$252
• − Depreciation: −$6,109
• Taxable income: $141
• Est. tax owed @ 24.0%: −$34
• After-tax cash flow: $3,529/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 — Madisonville

• Score: 79/100
• State rank: #5
• US rank: #2302

Category grades

Amenities F Commute F Cost of living C+ Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Tangipahoa Parish · 85,958 people
• City population: 17,897
• 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

+34.6% since first listed

7 events — show timeline

• 2026-05-01 Listed $210,000 AcadianaMLS
• 2019-05-01 Relisted — GSREIN
• 2019-05-01 Sold (MLS) $155,970 GSREIN
• 2019-04-15 Pending — GSREIN
• 2019-04-15 Listed $155,970 AcadianaMLS
• 2019-04-15 Listed $155,790 GSREIN
• 2019-04-15 Price Changed $155,970 GSREIN

Property tax history

+22.2%/yr

Latest (2025): $1,444 · +1.0% YoY. Source: county tax records.