20012 Twin Oaks Dr · Hammond, LA 70403

$245,000

3 bd · 2.0 ba · 1,576 sqft · SingleFamily public records · 45 Days on market

Built 2004 0.70 ac lot $155/sqft · 24% below area Est $306k · 20% 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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 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

Welcome to this charming 3-bedroom, 2-bath home situated on a generous 0.7-acre lot in a peaceful, one-road neighborhood in Hammond. Thoughtfully maintained, this home features an open floor plan with stained concrete and laminate flooring throughout for low-maintenance living. The inviting living room boasts a cozy wood-burning fireplace--great for quiet nights in. The kitchen includes a center island and flows seamlessly into the dining area, great for everyday meals or entertaining. Spacious primary bedrooms and well-appointed bathrooms offer comfort and practicality, while the primary suite includes dual closets and a private en-suite bath. Step outside to enjoy the large fenced yard great for relaxing or outdoor fun. Conveniently located not far from schools, shopping, and I-12. Roof allowance being offered. Don't miss your chance to see this one--schedule your showing today!

Key facts

• 0.7 acre lot
• 2 parking spots
• Built 2004

Property features AI

Finance

• Other: Listing last updated May 7, 2026; Listing broker: NextHome Real Estate Professionals

Exterior

• Parking: Carport with two spaces
• Security: Smoke detectors
• Utilities: Public water; Septic tank
• Home design: Single-story home; Shingle roof
• Construction: Brick, stucco, and vinyl siding exterior; Slab foundation; Very good condition
• Exterior features: Porch (covered); Concrete porch/patio; Fence; Corner lot; Rectangular lot; Located outside city limits; Lot dimensions approximately 216 x 149 x 215 x 157

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Pantry
• Bedrooms: Total rooms: 6
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Has heating and cooling
• Interior features: Tray ceilings; Vaulted and cathedral ceilings; High ceilings; Ceiling fans; Granite counters; Pantry
• 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 $245k.

Deal economics

• At list price, monthly cash flow is $339 ($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 $238k (2.9% below list).
• Recommended offer: $238k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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).
• At $2,379/mo this rent would consume 56% of the median local household income ($51k/yr) (locally 1201% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 45 days — a 3% lower offer ($238k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 18y 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 $175k; 40% 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 $237,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.97% ✗
• Cap rate: 7.95%
• Cash-on-cash: 5.93%
• DSCR: 1.26
• GRM: 8.6

CMA / ARV

• ARV (median comp): $305,636
• List price: $245,000
• Delta: -19.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20049 Old Covington Hwy	0.07mi	3/2.0	1,784 (+13%)	10mo	$212,000	$119	66
20097 Twin Oaks Dr	0.19mi	3/2.0	1,457 (-8%)	21mo	$234,000	$161	61
19183 Branchside Ln	0.71mi	3/2.0	1,448 (-8%)	19mo	$250,000	$173	37
44087 Vicki Ln	0.58mi	3/3.0	1,790 (+14%)	15mo	$220,000	$123	34

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: -10.0%
• Equity multiple: 0.64×
• Total profit: $-24,392
• Equity at exit: $36,530

10-year hold

• IRR: -4.5%
• Equity multiple: 0.74×
• Total profit: $-17,887
• Equity at exit: $21,183

Cash invested: $68,600 (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: $2,379 medium
• Mortgage (P&I): −$1,285
• Tax from tax record: −$154 /mo · $1,842/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$500
• Net cashflow: $339

Break-even live

Break-even rent $1,950

Max offer price $245,000

Occupancy floor 81%

Sensitivity live

Price	-10% $478	-5% $408	+0% $339	+5% $270	+10% $200
Rent	-10% $151	-5% $245	+0% $339	+5% $433	+10% $527
Rate	-1.0pp $462	-0.5pp $401	base $339	+0.5pp $276	+1.0pp $211

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
44243 Kendalwood Dr Hammond, LA	3.0	2.0	1826	$2,200	$1.20	44d	1	0.45mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	44d	1	0.73mi
19216 Dr John Lambert Dr Hammond, LA	1.0–3.0	1.0–2.0	995	$1,808	$1.82	15d	10	1.43mi

Listing history 30 events

1. 2026-06-21
   days on market $245,000 Active 45 DOM
2. 2026-06-19
   days on market $245,000 Active 43 DOM
3. 2026-06-18
   days on market $245,000 Active 42 DOM
4. 2026-06-17
   days on market $245,000 Active 41 DOM
5. 2026-06-16
   days on market $245,000 Active 40 DOM
6. 2026-06-15
   days on market $245,000 Active 39 DOM
7. 2026-06-14
   days on market $245,000 Active 37 DOM
8. 2026-06-13
   days on market $245,000 Active 36 DOM
9. 2026-06-10
   days on market $245,000 Active 34 DOM
10. 2026-06-09
    days on market $245,000 Active 33 DOM
11. 2026-06-08
    days on market $245,000 Active 32 DOM
12. 2026-06-07
    days on market $245,000 Active 31 DOM
13. 2026-06-05
    days on market $245,000 Active 28 DOM
14. 2026-06-03
    days on market $245,000 Active 27 DOM
15. 2026-06-02
    days on market $245,000 Active 26 DOM
16. 2026-06-01
    days on market $245,000 Active 25 DOM
17. 2026-05-31
    days on market $245,000 Active 24 DOM
18. 2026-05-30
    days on market $245,000 Active 23 DOM
19. 2026-05-07
    listed $245,000 Active 909-char remark

    Show marketing remark (893 chars)

    Welcome to this charming 3-bedroom, 2-bath home situated on a generous 0.7-acre lot in a peaceful, one-road neighborhood in Hammond. Thoughtfully maintained, this home features an open floor plan with stained concrete and laminate flooring throughout for low-maintenance living. The inviting living room boasts a cozy wood-burning fireplace--great for quiet nights in. The kitchen includes a center island and flows seamlessly into the dining area, great for everyday meals or entertaining. Spacious primary bedrooms and well-appointed bathrooms offer comfort and practicality, while the primary suite includes dual closets and a private en-suite bath. Step outside to enjoy the large fenced yard great for relaxing or outdoor fun. Conveniently located not far from schools, shopping, and I-12. Roof allowance being offered. Don't miss your chance to see this one--schedule your showing today!

20. 2026-05-07
    listed $245,000 Active 893-char remark

    Show marketing remark (893 chars)

    Welcome to this charming 3-bedroom, 2-bath home situated on a generous 0.7-acre lot in a peaceful, one-road neighborhood in Hammond. Thoughtfully maintained, this home features an open floor plan with stained concrete and laminate flooring throughout for low-maintenance living. The inviting living room boasts a cozy wood-burning fireplace--great for quiet nights in. The kitchen includes a center island and flows seamlessly into the dining area, great for everyday meals or entertaining. Spacious primary bedrooms and well-appointed bathrooms offer comfort and practicality, while the primary suite includes dual closets and a private en-suite bath. Step outside to enjoy the large fenced yard great for relaxing or outdoor fun. Conveniently located not far from schools, shopping, and I-12. Roof allowance being offered. Don't miss your chance to see this one--schedule your showing today!

21. 2025-07-22
    listed $265,000 Active
22. 2013-10-22
    listed $172,999
23. 2013-10-22
    listed $172,999
24. 2008-12-02
    soldstatus $175,000
25. 2008-11-26
    soldstatus $175,000
26. 2008-10-15
    listed $174,900
27. 2008-10-15
    listed $174,900
28. 2008-04-08
    listed $179,900
29. 2008-04-08
    listed $179,900
30. 2004-03-23
    soldstatus

ⓘ 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: $1,842 · $154/mo
• Projected year-2 tax: $1,842 · $154/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 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: $28,548
• − Mortgage interest: −$13,724
• − Property taxes: −$1,842
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,284
• − Management: −$2,284
• − Depreciation: −$7,127
• Taxable income: $62
• Est. tax owed @ 24.0%: −$15
• After-tax cash flow: $4,053/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

+36.2% since first listed

12 events — show timeline

• 2026-05-07 Listed $245,000 AcadianaMLS
• 2026-05-07 Listed $245,000 GSREIN
• 2025-07-22 Listed $265,000 AcadianaMLS
• 2013-10-22 Listed $172,999 GSREIN
• 2013-10-22 Listed $172,999 AcadianaMLS
• 2008-12-02 Sold (Public Records) $175,000 Public Records
• 2008-11-26 Sold (MLS) $175,000 GSREIN
• 2008-10-15 Listed $174,900 GSREIN
• 2008-10-15 Listed $174,900 AcadianaMLS
• 2008-04-08 Listed $179,900 GSREIN
• 2008-04-08 Listed $179,900 AcadianaMLS
• 2004-03-23 Sold (Public Records) — Public Records

Property tax history

+0.0%/yr

Latest (2025): $1,842 · -0.5% YoY. Source: county tax records.