19302 Robert Rd · Hammond, LA 70401

$150,000

3 bd · 2.0 ba · 1,832 sqft · SingleFamily public records · 10 Days on market

Built 1979 Fair condition 1.00 ac lot $82/sqft · 48% below area Est $286k · 48% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Livability +3.5/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• 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

• BRICK RANCH
• ONE ACRE HOMESITE
• MATURE OAK TREES
• NO CARPET
• WASHER AND DRYER HOOKUPS
• ORIGINAL CONDITION

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $640 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 11.4% vs local median 4.8% 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+, crime 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.
• Zoned schools: Woodland Park Magnet (math 12% / reading 8%, grade F, #597 of 646 statewide, top 95%, 519 students, 88% FRL); Lucille Nesom Memorial (math 7% / reading 21%, grade F, #534 of 646 statewide, top 83%, 549 students, 83% FRL); Hammond High Magnet School (math 19% / reading 28%, grade F, #167 of 265 statewide, top 63%, 1,750 students, 64% FRL).
• Market conditions: Rents flat; 306 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
• At $1,988/mo this rent would consume 47% of the median local household income ($51k/yr) (locally 22% 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 $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.
• At projected returns (-3.0% appreciation + 0.1% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 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 $150,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.33% ✓
• Cap rate: 11.41%
• Cash-on-cash: 18.28%
• DSCR: 1.81
• GRM: 6.3

CMA / ARV

• ARV (median comp): $286,391
• List price: $150,000
• Delta: -47.62%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
47081 Vineyard Trce	1.17mi	3/2.0	1,854 (+1%)	5mo	$277,500	$150	59
46624 Highland Dr	1.42mi	3/2.0	1,849 (+1%)	12mo	$204,000	$110	54
46496 Cote Ct	1.41mi	3/2.0	1,740 (-5%)	4mo	$196,000	$113	54
47071 Vineyard Trce	1.16mi	4/2.0 (+1)	1,820 (-1%)	7mo	$350,000	$192	53
20076 Vineyard Rd	1.35mi	3/2.0	1,924 (+5%)	4mo	$205,000	$107	53
47128 Ruby Oak Ct	1.27mi	3/2.0	1,720 (-6%)	11mo	$290,000	$169	46
18155 Briarwood Dr	1.23mi	3/2.0	1,653 (-10%)	4mo	$155,000	$94	45
46598 Highland Dr	1.41mi	3/2.0	1,601 (-13%)	8mo	$248,000	$155	37
46509 Highland Dr	1.44mi	3/2.0	1,518 (-17%)	7mo	$240,000	$158	34
46525 Cote Ct	1.36mi	3/2.0	1,512 (-18%)	10mo	$233,000	$154	32
18335 Fox Hollow Loop	1.39mi	3/2.0	1,540 (-16%)	14mo	$208,000	$135	28
48432 Fox Hollow Blvd	1.47mi	3/2.0	1,524 (-17%)	15mo	$221,000	$145	27

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 · 0.06% rent growth · sell at horizon

5-year hold

• IRR: 6.7%
• Equity multiple: 1.25×
• Total profit: $10,686
• Equity at exit: $22,365

10-year hold

• IRR: 13.5%
• Equity multiple: 1.94×
• Total profit: $39,515
• 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 →

Active competition Active MLS

• For sale now: 1 active
• Median asking: $219,900 ($160/sqft)
• Median days on market: 47 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -2.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70401

• Rents YoY: 0.1%
• Active inventory: 306
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,988 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$82 /mo · $984/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $640

Break-even live

Break-even rent $1,179

Max offer price $150,000

Occupancy floor 63%

Sensitivity live

Price	-10% $725	-5% $682	+0% $640	+5% $597	+10% $555
Rent	-10% $483	-5% $561	+0% $640	+5% $718	+10% $797
Rate	-1.0pp $715	-0.5pp $678	base $640	+0.5pp $601	+1.0pp $561

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
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
48399 Alack Ln Unit 48399 Hammond, LA	4.0	3.0	2481	$2,350	$0.95	2d	1	1.32mi
18317 Fox Hollow Loop Hammond, LA	4.0	3.0	1847	$1,975	$1.07	2d	1	1.45mi
48317 Fox Hollow Blvd Hammond, LA	3.0	2.0	1439	$1,900	$1.32	2d	1	1.50mi
18301-0 Fox Hollow Loop Hammond, LA	4.0	3.0	1847	$2,500	$1.35	139d	1	1.50mi

Listing history 50 events

1. 2026-09-24
   days on market $150,000 Active 10 DOM
2. 2026-09-24
   days on market $150,000 Active 9 DOM
3. 2026-09-22
   days on market $150,000 Active 8 DOM
4. 2026-09-21
   days on market $150,000 Active 7 DOM
5. 2026-09-20
   days on market $150,000 Active 6 DOM
6. 2026-09-19
   days on market $150,000 Active 5 DOM
7. 2026-09-18
   days on market $150,000 Active 4 DOM
8. 2026-09-17
   days on market $150,000 Active 3 DOM
9. 2026-09-16
   days on market $150,000 Active 2 DOM
10. 2026-09-15
    days on marketlisting id $150,000 Active 1 DOM
11. 2026-07-14
    days on market $150,000 Active 179 DOM
12. 2026-07-13
    days on market $150,000 Active 178 DOM
13. 2026-07-12
    days on market $150,000 Active 177 DOM
14. 2026-07-11
    days on market $150,000 Active 176 DOM
15. 2026-07-10
    days on market $150,000 Active 175 DOM
16. 2026-07-09
    days on market $150,000 Active 174 DOM
17. 2026-07-08
    days on market $150,000 Active 173 DOM
18. 2026-07-07
    days on market $150,000 Active 172 DOM
19. 2026-07-06
    days on market $150,000 Active 171 DOM
20. 2026-07-05
    days on market $150,000 Active 170 DOM
21. 2026-07-04
    days on market $150,000 Active 169 DOM
22. 2026-07-03
    days on market $150,000 Active 168 DOM
23. 2026-07-02
    days on market $150,000 Active 167 DOM
24. 2026-07-01
    days on market $150,000 Active 166 DOM
25. 2026-06-30
    days on market $150,000 Active 165 DOM
26. 2026-06-29
    days on market $150,000 Active 164 DOM
27. 2026-06-28
    days on market $150,000 Active 163 DOM
28. 2026-06-28
    days on market $150,000 Active 162 DOM
29. 2026-06-27
    days on market $150,000 Active 161 DOM
30. 2026-06-26
    days on market $150,000 Active 160 DOM
31. 2026-06-23
    days on market $150,000 Active 157 DOM
32. 2026-06-21
    days on market $150,000 Active 156 DOM
33. 2026-06-19
    days on market $150,000 Active 154 DOM
34. 2026-06-18
    days on market $150,000 Active 153 DOM
35. 2026-06-17
    days on market $150,000 Active 152 DOM
36. 2026-06-16
    days on market $150,000 Active 151 DOM
37. 2026-06-15
    days on market $150,000 Active 150 DOM
38. 2026-06-14
    days on market $150,000 Active 148 DOM
39. 2026-06-13
    days on market $150,000 Active 147 DOM
40. 2026-06-10
    days on market $150,000 Active 145 DOM
41. 2026-06-09
    days on market $150,000 Active 144 DOM
42. 2026-06-08
    days on market $150,000 Active 143 DOM
43. 2026-06-07
    days on market $150,000 Active 142 DOM
44. 2026-06-05
    days on market $150,000 Active 139 DOM
45. 2026-06-03
    days on market $150,000 Active 138 DOM
46. 2026-06-02
    days on market $150,000 Active 137 DOM
47. 2026-06-01
    days on market $150,000 Active 136 DOM
48. 2026-05-31
    days on market $150,000 Active 135 DOM
49. 2026-05-30
    days on market $150,000 Active 134 DOM
50. 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.

ⓘ 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: $23,860
• − Mortgage interest: −$8,402
• − Property taxes: −$984
• − Insurance: −$750
• − Repairs & maintenance: −$1,909
• − Management: −$1,909
• − Depreciation: −$4,364
• Taxable income: $5,542
• Est. tax owed @ 24.0%: −$1,330
• After-tax cash flow: $6,346/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $45,800–$82,440 screening

The home requires moderate renovations, including painting, updating cabinetry and fixtures, and landscaping, to improve its resale and rental value.

Components & finishes AI

Flooring tile

Repairs flagged

• Minor paint peeling in interior walls — Peeling paint indicates wear and tear
• Moderate kitchen cabinets — Dated cabinetry needs updating
• Moderate bathroom fixtures — Dated fixtures need replacement

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal ↑
• Resale Replace kitchen cabinets — Modern cabinets improve functionality and aesthetics ↑
• Resale Replace bathroom fixtures — Upgraded fixtures enhance functionality and aesthetics ↑
• Both Landscaping and curb appeal — Well-maintained landscaping and curb appeal attract buyers and renters ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 32/100

Zoned Schools

Elementary Southeastern La University Lab School B- LA #65/646 Nat'l #7,252/41,679 Middle Lucille Nesom Memorial F LA #534/646 Nat'l #37,303/41,679 High Hammond High Magnet School F LA #167/265 Nat'l #13,485/17,239

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

C Composite livability gradescore 69/100

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 · 144,204 people
• City population: 51,394
• Metro: Hammond, LA
• Population (ZIP): 21,221
• Household income: $50,653
• Rent vs Own: 54.1% rent · 45.9% own
• Severe rent burden: 22% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 54% Black 36% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 6% Slovak 2% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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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: ▼ -77.61%
• Current HPI: 136.1629
• Rent YoY: ▲ 0.06%
• Metro: Hammond, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

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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.