42246 Sweeney Ln · Hammond, LA 70454

$87,999

3 bd · 2.0 ba · 2,276 sqft · SingleFamily public records · 104 Days on market

Built 2000 1.04 ac lot $39/sqft · 72% below area ↓ 5% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• 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

Calling all investors or homeowners ready to roll up their sleeves and cash in on some serious sweat equity! This property offers huge upside potential for the right buyer willing to bring it back to life. Featuring 3 bedrooms and 2 bathrooms, this home also includes a spacious loft upstairs that is not included in the total square footage, providing even more usable space. Inside, you'll find both a living room and a large den area, perfect for entertaining guests. The living room showcases a gas fireplace and impressive soaring ceilings over 15 feet high, creating a grand and open feel. Situated on 1.05 acres, this property offers plenty of outdoor space and includes a large wrap-around porch, a 2-car carport, a shed, and a workshop--ideal for storage, hobbies, or projects. Best of all, this property is not located in a flood zone, adding even more value and peace of mind. Opportunities like this don't come along often at this price point. With the right vision and updates, this property could truly shine. Don't wait -- this one won't last long!

Key facts

• 2-car carport
• Workshop
• Spacious loft

Tags

• SPACIOUS LOFT
• LARGE WRAP-AROUND PORCH
• 2-CAR CARPORT
• WORKSHOP
• NOT LOCATED IN A FLOOD ZONE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $88k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $88k).
• Recommended offer: $80k (9.0% below list) — sets the bar for market timing.
• Cap rate 22.5% 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; 526 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
• This rent runs 37% 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 $608 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.7% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($80k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $12k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $80,079 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 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: 2.51% ✓
• Cap rate: 22.52%
• Cash-on-cash: 57.96%
• DSCR: 3.58
• GRM: 3.3

CMA / ARV

• ARV (median comp): $256,771
• List price: $87,999
• Delta: -65.73%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19075 Greenleaf Cir	0.38mi	3/2.0	2,030 (-11%)	4mo	$277,000	$136	61
42285 Broderick Ave	0.59mi	4/2.0 (+1)	2,239 (-2%)	6mo	$275,000	$123	60
42022 Wood Ave	0.59mi	3/2.0	2,278 (+0%)	20mo	$1,695	$1	56
20203 Clemson Way	0.65mi	4/2.0 (+1)	2,170 (-5%)	5mo	$270,000	$124	53
42030 Wood Ave	0.58mi	4/2.0 (+1)	2,171 (-5%)	10mo	$315,000	$145	52
42339 Cy Cir	0.65mi	4/2.0 (+1)	2,239 (-2%)	19mo	$315,000	$141	46
19257 Providence Ridge Blvd	0.74mi	4/2.0 (+1)	2,093 (-8%)	9mo	$279,900	$134	40

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: 53.9%
• Equity multiple: 3.29×
• Total profit: $56,452
• Equity at exit: $13,121

10-year hold

• IRR: 58.2%
• Equity multiple: 6.15×
• Total profit: $126,841
• Equity at exit: $7,609

Cash invested: $24,640 (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: 3.3×

Monthly cashflow live

• Estimated rent: $2,213 medium
• Mortgage (P&I): −$461
• Tax from tax record: −$60 /mo · $716/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $1,190

Break-even live

Break-even rent $706

Max offer price $87,999

Occupancy floor 41%

Sensitivity live

Price	-10% $1,240	-5% $1,215	+0% $1,190	+5% $1,165	+10% $1,140
Rent	-10% $1,015	-5% $1,103	+0% $1,190	+5% $1,278	+10% $1,365
Rate	-1.0pp $1,234	-0.5pp $1,213	base $1,190	+0.5pp $1,167	+1.0pp $1,144

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: $22,000
• Closing costs: $2,640
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	44d	1	1.40mi

Listing history 26 events

1. 2026-06-19
   days on market $87,999 Active 104 DOM
2. 2026-06-18
   days on market $87,999 Active 103 DOM
3. 2026-06-17
   days on market $87,999 Active 102 DOM
4. 2026-06-16
   days on market $87,999 Active 101 DOM
5. 2026-06-15
   days on market $87,999 Active 100 DOM
6. 2026-06-14
   days on market $87,999 Active 98 DOM
7. 2026-06-13
   days on market $87,999 Active 97 DOM
8. 2026-06-10
   days on market $87,999 Active 95 DOM
9. 2026-06-09
   days on market $87,999 Active 94 DOM
10. 2026-06-08
    days on market $87,999 Active 93 DOM
11. 2026-06-07
    days on market $87,999 Active 92 DOM
12. 2026-06-05
    days on market $87,999 Active 89 DOM
13. 2026-06-03
    days on market $87,999 Active 88 DOM
14. 2026-06-02
    days on market $87,999 Active 87 DOM
15. 2026-06-01
    days on market $87,999 Active 86 DOM
16. 2026-05-31
    days on market $87,999 Active 85 DOM
17. 2026-05-30
    days on market $87,999 Active 84 DOM
18. 2026-04-12
    price $89,999 1063-char remark

    Show marketing remark (1063 chars)

    Calling all investors or homeowners ready to roll up their sleeves and cash in on some serious sweat equity! This property offers huge upside potential for the right buyer willing to bring it back to life. Featuring 3 bedrooms and 2 bathrooms, this home also includes a spacious loft upstairs that is not included in the total square footage, providing even more usable space. Inside, you'll find both a living room and a large den area, perfect for entertaining guests. The living room showcases a gas fireplace and impressive soaring ceilings over 15 feet high, creating a grand and open feel. Situated on 1.05 acres, this property offers plenty of outdoor space and includes a large wrap-around porch, a 2-car carport, a shed, and a workshop--ideal for storage, hobbies, or projects. Best of all, this property is not located in a flood zone, adding even more value and peace of mind. Opportunities like this don't come along often at this price point. With the right vision and updates, this property could truly shine. Don't wait -- this one won't last long!

19. 2026-03-07
    listed $99,999 Active 1063-char remark

    Show marketing remark (1063 chars)

    Calling all investors or homeowners ready to roll up their sleeves and cash in on some serious sweat equity! This property offers huge upside potential for the right buyer willing to bring it back to life. Featuring 3 bedrooms and 2 bathrooms, this home also includes a spacious loft upstairs that is not included in the total square footage, providing even more usable space. Inside, you'll find both a living room and a large den area, perfect for entertaining guests. The living room showcases a gas fireplace and impressive soaring ceilings over 15 feet high, creating a grand and open feel. Situated on 1.05 acres, this property offers plenty of outdoor space and includes a large wrap-around porch, a 2-car carport, a shed, and a workshop--ideal for storage, hobbies, or projects. Best of all, this property is not located in a flood zone, adding even more value and peace of mind. Opportunities like this don't come along often at this price point. With the right vision and updates, this property could truly shine. Don't wait -- this one won't last long!

20. 2026-01-07
    soldstatus $83,100
21. 2025-12-31
    soldstatus Closed
22. 2025-11-25
    listed $25,000 Active
23. 2025-11-25
    listed $25,000 Active
24. 2023-03-24
    price $95,000
25. 2023-03-22
    soldstatus $59,000
26. 2023-01-27
    listed $95,000

ⓘ 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: $716 · $60/mo
• Projected year-2 tax: $716 · $60/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 5/10 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: $26,551
• − Mortgage interest: −$4,929
• − Property taxes: −$716
• − Insurance: −$440
• − Repairs & maintenance: −$2,124
• − Management: −$2,124
• − Depreciation: −$2,560
• Taxable income: $13,658
• Est. tax owed @ 24.0%: −$3,278
• After-tax cash flow: $11,004/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): 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

-5.3% since first listed

9 events — show timeline

• 2026-04-12 Price Changed $89,999 AcadianaMLS
• 2026-03-07 Listed $99,999 AcadianaMLS
• 2026-01-07 Sold (Public Records) $83,100 Public Records
• 2025-12-31 Sold (MLS) — GBRMLS
• 2025-11-25 Listed $25,000 GBRMLS
• 2025-11-25 Listed $25,000 AcadianaMLS
• 2023-03-24 Price Changed $95,000 GSREIN
• 2023-03-22 Sold (Public Records) $59,000 Public Records
• 2023-01-27 Listed $95,000 AcadianaMLS

Property tax history

+0.2%/yr

Latest (2025): $716 · +1.0% YoY. Source: county tax records.