19302 Robert Rd · Hammond, LA 70403

$150,000

3 bd · 2.0 ba · 1,832 sqft · SingleFamily public records · 154 Days on market

Built 1979 1.00 ac lot $82/sqft · 21% below area Est $190k · 21% under

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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 +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +6.8/10.0
• 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

Spacious brick ranch situated on a beautiful one-acre homesite shaded by mature oak trees. Built in 1979, this 3-bedroom, 2-bath home offers a traditional floor plan with generous room sizes and a convenient carport. Interior features include no carpet throughout, washer and dryer hookups, and much of the home remains in original condition, offering a great opportunity for updates and personalization. Conveniently located near local schools and just minutes from downtown Hammond and Interstate 12. Property is a short sale; list price of $150,000 is not negotiable. Being sold AS IS with no repairs or warranties.

Key facts

• Original condition
• Mature oak trees
• No carpet

Tags

• ONE ACRE HOMESITE
• MATURE OAK TREES
• NO CARPET
• WASHER AND DRYER HOOKUPS
• ORIGINAL CONDITION
• NEAR LOCAL SCHOOLS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $466 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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; 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 42% 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 $4k 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 154 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 13y 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 $126k; 19% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.18% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.33%
• DSCR: 1.59
• GRM: 7.1

CMA / ARV

• ARV (median comp): $190,330
• List price: $150,000
• Delta: -21.19%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.33% rent growth · sell at horizon

5-year hold

• IRR: 0.5%
• Equity multiple: 1.02×
• Total profit: $737
• Equity at exit: $22,365

10-year hold

• IRR: 7.4%
• Equity multiple: 1.49×
• Total profit: $20,736
• Equity at exit: $12,969

Cash invested: $42,000 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,769 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$82 /mo · $984/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $466

Break-even live

Break-even rent $1,179

Max offer price $150,000

Occupancy floor 69%

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: $37,500
• Closing costs: $4,500
• 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	1.50mi

Listing history 39 events

1. 2026-06-19
   days on market $150,000 Active 154 DOM
2. 2026-06-18
   days on market $150,000 Active 153 DOM
3. 2026-06-17
   days on market $150,000 Active 152 DOM
4. 2026-06-16
   days on market $150,000 Active 151 DOM
5. 2026-06-15
   days on market $150,000 Active 150 DOM
6. 2026-06-14
   days on market $150,000 Active 148 DOM
7. 2026-06-13
   days on market $150,000 Active 147 DOM
8. 2026-06-10
   days on market $150,000 Active 145 DOM
9. 2026-06-09
   days on market $150,000 Active 144 DOM
10. 2026-06-08
    days on market $150,000 Active 143 DOM
11. 2026-06-07
    days on market $150,000 Active 142 DOM
12. 2026-06-05
    days on market $150,000 Active 139 DOM
13. 2026-06-03
    days on market $150,000 Active 138 DOM
14. 2026-06-02
    days on market $150,000 Active 137 DOM
15. 2026-06-01
    days on market $150,000 Active 136 DOM
16. 2026-05-31
    days on market $150,000 Active 135 DOM
17. 2026-05-30
    days on market $150,000 Active 134 DOM
18. 2026-04-30
    status Active 618-char remark

    Show marketing remark (618 chars)

    Spacious brick ranch situated on a beautiful one-acre homesite shaded by mature oak trees. Built in 1979, this 3-bedroom, 2-bath home offers a traditional floor plan with generous room sizes and a convenient carport. Interior features include no carpet throughout, washer and dryer hookups, and much of the home remains in original condition, offering a great opportunity for updates and personalization. Conveniently located near local schools and just minutes from downtown Hammond and Interstate 12. Property is a short sale; list price of $150,000 is not negotiable. Being sold AS IS with no repairs or warranties.

19. 2026-04-30
    status Active 618-char remark

    Show marketing remark (618 chars)

    Spacious brick ranch situated on a beautiful one-acre homesite shaded by mature oak trees. Built in 1979, this 3-bedroom, 2-bath home offers a traditional floor plan with generous room sizes and a convenient carport. Interior features include no carpet throughout, washer and dryer hookups, and much of the home remains in original condition, offering a great opportunity for updates and personalization. Conveniently located near local schools and just minutes from downtown Hammond and Interstate 12. Property is a short sale; list price of $150,000 is not negotiable. Being sold AS IS with no repairs or warranties.

20. 2026-04-29
    historical 618-char remark

    Show marketing remark (618 chars)

    Spacious brick ranch situated on a beautiful one-acre homesite shaded by mature oak trees. Built in 1979, this 3-bedroom, 2-bath home offers a traditional floor plan with generous room sizes and a convenient carport. Interior features include no carpet throughout, washer and dryer hookups, and much of the home remains in original condition, offering a great opportunity for updates and personalization. Conveniently located near local schools and just minutes from downtown Hammond and Interstate 12. Property is a short sale; list price of $150,000 is not negotiable. Being sold AS IS with no repairs or warranties.

21. 2026-01-14
    listed $150,000 Active 618-char remark

    Show marketing remark (618 chars)

    Spacious brick ranch situated on a beautiful one-acre homesite shaded by mature oak trees. Built in 1979, this 3-bedroom, 2-bath home offers a traditional floor plan with generous room sizes and a convenient carport. Interior features include no carpet throughout, washer and dryer hookups, and much of the home remains in original condition, offering a great opportunity for updates and personalization. Conveniently located near local schools and just minutes from downtown Hammond and Interstate 12. Property is a short sale; list price of $150,000 is not negotiable. Being sold AS IS with no repairs or warranties.

22. 2026-01-14
    listed $150,000 Active 618-char remark

    Show marketing remark (618 chars)

    Spacious brick ranch situated on a beautiful one-acre homesite shaded by mature oak trees. Built in 1979, this 3-bedroom, 2-bath home offers a traditional floor plan with generous room sizes and a convenient carport. Interior features include no carpet throughout, washer and dryer hookups, and much of the home remains in original condition, offering a great opportunity for updates and personalization. Conveniently located near local schools and just minutes from downtown Hammond and Interstate 12. Property is a short sale; list price of $150,000 is not negotiable. Being sold AS IS with no repairs or warranties.

23. 2016-06-14
    soldstatus $126,000
24. 2016-06-10
    soldstatus Sold
25. 2016-06-10
    soldstatus $126,000 Sold
26. 2016-03-30
    status Pending
27. 2016-03-25
    status Under Contract
28. 2016-03-08
    price $127,900
29. 2015-11-17
    status Active
30. 2015-11-10
    historical Pending Continue to Show
31. 2015-10-28
    listed $129,900 Active
32. 2015-10-16
    price $129,900
33. 2015-09-28
    listed $139,900 Active
34. 2015-09-25
    listed $129,900
35. 2015-09-25
    listed $127,900
36. 2014-03-28
    soldstatus $95,000
37. 2014-03-27
    soldstatus $95,000
38. 2013-10-14
    listed $119,900
39. 2013-10-14
    listed $119,900

ⓘ 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: $984 · $82/mo
• Projected year-2 tax: $984 · $82/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 8/10 Severe 7 d/yr ≥109°F today · 22 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: $21,230
• − Mortgage interest: −$8,402
• − Property taxes: −$984
• − Insurance: −$750
• − Repairs & maintenance: −$1,698
• − Management: −$1,698
• − Depreciation: −$4,364
• Taxable income: $3,333
• Est. tax owed @ 24.0%: −$800
• After-tax cash flow: $4,798/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

+25.1% since first listed

22 events — show timeline

• 2026-04-30 Relisted — AcadianaMLS
• 2026-04-30 Relisted — GSREIN
• 2026-04-29 Listing Removed — GSREIN
• 2026-01-14 Listed $150,000 GSREIN
• 2026-01-14 Listed $150,000 AcadianaMLS
• 2016-06-14 Sold (Public Records) $126,000 Public Records
• 2016-06-10 Sold (MLS) $126,000 GSREIN
• 2016-06-10 Sold (MLS) — GBRMLS
• 2016-03-30 Pending — GBRMLS
• 2016-03-25 Pending — GSREIN
• 2016-03-08 Price Changed $127,900 GSREIN
• 2015-11-17 Relisted — GSREIN
• 2015-11-10 Contingent — GSREIN
• 2015-10-28 Listed $129,900 GBRMLS
• 2015-10-16 Price Changed $129,900 GSREIN
• 2015-09-28 Listed $139,900 GSREIN
• 2015-09-25 Listed $127,900 AcadianaMLS
• 2015-09-25 Listed $129,900 AcadianaMLS
• 2014-03-28 Sold (Public Records) $95,000 Public Records
• 2014-03-27 Sold (MLS) $95,000 GSREIN
• 2013-10-14 Listed $119,900 AcadianaMLS
• 2013-10-14 Listed $119,900 GSREIN

Property tax history

+3.1%/yr

Latest (2025): $984 · +0.5% YoY. Source: county tax records.