18194 Faller Rd · Hammond, LA 70466

$165,000

3 bd · 2.0 ba · 1,728 sqft · Manufactured public records · 138 Days on market

Built 2000 1.10 ac lot $95/sqft · 35% below area Est $235k · 30% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks MLS

Renovated mobile home on 1.10 acres in a nice, convenient setting. This mobile home has an updated kitchen, attached carport for two vehicles and storage, fireplace, and more. No carpet, separate laundry room, and spacious primary bath and closet. Location is great! Minutes to Downtown Hammond, I-12 and I-55 but in a rural setting.

Key facts

• Attached carport
• Great location
• Updated kitchen

Tags

• RENOVATED MOBILE HOME
• UPDATED KITCHEN
• ATTACHED CARPORT
• SEPARATE LAUNDRY ROOM
• SPACIOUS PRIMARY BATH
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $165k.

Deal economics

• At list price, monthly cash flow is $998 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.6% 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: 69 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).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $6k appreciation (3.6% local appreciation)).
• Tangipahoa County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $55k (25%) 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; 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 $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.52% ✓
• Cap rate: 13.55%
• Cash-on-cash: 25.93%
• DSCR: 2.15
• GRM: 5.5

CMA / ARV

• ARV (median comp): $235,337
• List price: $165,000
• Delta: -29.89%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

3.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.1%
• Equity multiple: 2.93×
• Total profit: $89,054
• Equity at exit: $80,201

10-year hold

• IRR: 32.7%
• Equity multiple: 5.78×
• Total profit: $221,035
• Equity at exit: $128,489

Cash invested: $46,200 (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 70466

• Home prices YoY: 3.0%
• Active inventory: 69
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$43 /mo · $510/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $998

Break-even live

Break-even rent $1,236

Max offer price $165,000

Occupancy floor 55%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18301-0 Fox Hollow Loop Hammond, LA	4.0	3.0	1847	$2,500	$1.35	43d	1	0.58mi

Listing history 30 events

1. 2026-06-19
   days on market $165,000 Active 138 DOM
2. 2026-06-18
   days on market $165,000 Active 137 DOM
3. 2026-06-17
   days on market $165,000 Active 136 DOM
4. 2026-06-16
   days on market $165,000 Active 135 DOM
5. 2026-06-15
   days on market $165,000 Active 134 DOM
6. 2026-06-14
   days on market $165,000 Active 132 DOM
7. 2026-06-13
   days on market $165,000 Active 131 DOM
8. 2026-06-10
   days on market $165,000 Active 129 DOM
9. 2026-06-09
   days on market $165,000 Active 128 DOM
10. 2026-06-08
    days on market $165,000 Active 127 DOM
11. 2026-06-07
    days on market $165,000 Active 126 DOM
12. 2026-06-05
    days on market $165,000 Active 123 DOM
13. 2026-06-03
    days on market $165,000 Active 122 DOM
14. 2026-06-02
    days on market $165,000 Active 121 DOM
15. 2026-06-01
    days on market $165,000 Active 120 DOM
16. 2026-05-31
    days on market $165,000 Active 119 DOM
17. 2026-05-30
    days on market $165,000 Active 118 DOM
18. 2026-05-07
    price $199,000 333-char remark

    Show marketing remark (333 chars)

    Renovated mobile home on 1.10 acres in a nice, convenient setting. This mobile home has an updated kitchen, attached carport for two vehicles and storage, fireplace, and more. No carpet, separate laundry room, and spacious primary bath and closet. Location is great! Minutes to Downtown Hammond, I-12 and I-55 but in a rural setting.

19. 2026-05-07
    price $199,000 333-char remark

    Show marketing remark (333 chars)

    Renovated mobile home on 1.10 acres in a nice, convenient setting. This mobile home has an updated kitchen, attached carport for two vehicles and storage, fireplace, and more. No carpet, separate laundry room, and spacious primary bath and closet. Location is great! Minutes to Downtown Hammond, I-12 and I-55 but in a rural setting.

20. 2026-05-05
    price $200,000 333-char remark

    Show marketing remark (333 chars)

    Renovated mobile home on 1.10 acres in a nice, convenient setting. This mobile home has an updated kitchen, attached carport for two vehicles and storage, fireplace, and more. No carpet, separate laundry room, and spacious primary bath and closet. Location is great! Minutes to Downtown Hammond, I-12 and I-55 but in a rural setting.

21. 2026-05-05
    price $200,000 333-char remark

    Show marketing remark (333 chars)

    Renovated mobile home on 1.10 acres in a nice, convenient setting. This mobile home has an updated kitchen, attached carport for two vehicles and storage, fireplace, and more. No carpet, separate laundry room, and spacious primary bath and closet. Location is great! Minutes to Downtown Hammond, I-12 and I-55 but in a rural setting.

22. 2026-02-01
    listed $219,900 Active 333-char remark

    Show marketing remark (333 chars)

    Renovated mobile home on 1.10 acres in a nice, convenient setting. This mobile home has an updated kitchen, attached carport for two vehicles and storage, fireplace, and more. No carpet, separate laundry room, and spacious primary bath and closet. Location is great! Minutes to Downtown Hammond, I-12 and I-55 but in a rural setting.

23. 2026-02-01
    listed $219,900 Active 333-char remark

    Show marketing remark (333 chars)

    Renovated mobile home on 1.10 acres in a nice, convenient setting. This mobile home has an updated kitchen, attached carport for two vehicles and storage, fireplace, and more. No carpet, separate laundry room, and spacious primary bath and closet. Location is great! Minutes to Downtown Hammond, I-12 and I-55 but in a rural setting.

24. 2023-06-27
    soldstatus $190,000
25. 2023-06-23
    soldstatus $190,000 Closed
26. 2023-06-23
    listed $190,000 Active
27. 2023-06-23
    listed $190,000
28. 2023-04-12
    soldstatus $58,000
29. 2002-10-11
    soldstatus $126,000
30. 1993-08-09
    soldstatus $65,000

ⓘ 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: $510 · $43/mo
• Projected year-2 tax: $908 · $76/mo
• Expected delta: +$397/yr (+$33/mo · 77.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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: $30,000
• − Mortgage interest: −$9,243
• − Property taxes: −$510
• − Insurance: −$825
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$4,800
• Taxable income: $9,822
• Est. tax owed @ 24.0%: −$2,357
• After-tax cash flow: $9,624/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): 9,815

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 (67%)
• Race & ethnicity: White 67% Black 22% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 11% Serbian 2% Scandinavian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▲ 3.64%
• Current HPI: 126.0016
• 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

+206.2% since first listed

13 events — show timeline

• 2026-05-07 Price Changed $199,000 AcadianaMLS
• 2026-05-07 Price Changed $199,000 GSREIN
• 2026-05-05 Price Changed $200,000 AcadianaMLS
• 2026-05-05 Price Changed $200,000 GSREIN
• 2026-02-01 Listed $219,900 GSREIN
• 2026-02-01 Listed $219,900 AcadianaMLS
• 2023-06-27 Sold (Public Records) $190,000 Public Records
• 2023-06-23 Listed $190,000 AcadianaMLS
• 2023-06-23 Listed $190,000 GSREIN
• 2023-06-23 Sold (MLS) $190,000 GSREIN
• 2023-04-12 Sold (Public Records) $58,000 Public Records
• 2002-10-11 Sold (Public Records) $126,000 Public Records
• 1993-08-09 Sold (Public Records) $65,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $510 · +0.5% YoY. Source: county tax records.