43272 Klein Rd · Hammond, LA 70403

$159,900

4 bd · 2.5 ba · 2,508 sqft · SingleFamily · 124 Days on market

Built 1959 1.95 ac lot $64/sqft · 45% below area Est $292k · 45% under ↓ 36% 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 +25.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +6.1/10.0
• 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

Charming older brick home with endless potential. Full of character and solid craftsmanship. Set on a generous lot this property offers great bones and a timeless exterior that has stood the test of time. Spacious layout with original details ready to be brought back to life. With a little vision and work this home can truly shine again. Supra e-key on front door

Key facts

• 1.95 acre lot
• Parking
• Built 1959

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $360 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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+, 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: Hammond Westside Montessori (math 15% / reading 21%, grade F, #472 of 646 statewide, top 74%, 1,072 students, 73% FRL); Greenville Park Leadership Academy (math 8% / reading 12%, grade F, #199 of 218 statewide, top 92%, 447 students, 86% FRL); Hammond High Magnet School (math 19% / reading 28%, grade F, #167 of 265 statewide, top 63%, 1,750 students, 64% FRL) — zoned schools at 74% FRL track the district average.
• Market conditions: Rents flat; 328 active listings in the ZIP; 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 $5k 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 124 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $101k; list at $160k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• 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 $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 124 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 1959 — 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: 1.11% ✓
• Cap rate: 8.99%
• Cash-on-cash: 9.64%
• DSCR: 1.43
• GRM: 7.5

CMA / ARV

• ARV (median comp): $292,133
• List price: $159,900
• Delta: -45.26%
• 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
902 Rue De La Paix Dr	0.39mi	3/2.0 (-1)	2,380 (-5%)	2mo	$295,000	$124	65
606 Rue Chalet St	0.65mi	4/2.5	2,587 (+3%)	0mo	$392,000	$152	64
2401 Rue Simone	0.34mi	3/2.5 (-1)	2,602 (+4%)	23mo	$318,000	$122	54
801 Rue De La Paix	0.49mi	3/2.5 (-1)	2,147 (-14%)	23mo	$245,000	$114	29

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: -4.7%
• Equity multiple: 0.83×
• Total profit: $-7,659
• Equity at exit: $23,842

10-year hold

• IRR: 1.7%
• Equity multiple: 1.11×
• Total profit: $4,709
• Equity at exit: $13,825

Cash invested: $44,772 (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: 328
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,776 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$138 /mo · $1,658/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $360

Break-even live

Break-even rent $1,321

Max offer price $159,900

Occupancy floor 75%

Sensitivity live

Price	-10% $450	-5% $405	+0% $360	+5% $314	+10% $269
Rent	-10% $219	-5% $290	+0% $360	+5% $430	+10% $500
Rate	-1.0pp $440	-0.5pp $400	base $360	+0.5pp $318	+1.0pp $276

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-21
   days on market $159,900 Active 124 DOM
2. 2026-06-19
   days on market $159,900 Active 122 DOM
3. 2026-06-18
   days on market $159,900 Active 121 DOM
4. 2026-06-17
   days on market $159,900 Active 120 DOM
5. 2026-06-16
   days on market $159,900 Active 119 DOM
6. 2026-06-15
   days on market $159,900 Active 118 DOM
7. 2026-06-14
   days on market $159,900 Active 116 DOM
8. 2026-06-13
   days on market $159,900 Active 115 DOM
9. 2026-06-10
   days on market $159,900 Active 113 DOM
10. 2026-06-09
    days on market $159,900 Active 112 DOM
11. 2026-06-08
    days on market $159,900 Active 111 DOM
12. 2026-06-07
    days on market $159,900 Active 110 DOM
13. 2026-06-05
    days on market $159,900 Active 107 DOM
14. 2026-06-03
    days on market $159,900 Active 106 DOM
15. 2026-06-02
    days on market $159,900 Active 105 DOM
16. 2026-06-01
    days on market $159,900 Active 104 DOM
17. 2026-05-31
    days on market $159,900 Active 103 DOM
18. 2026-05-30
    days on market $159,900 Active 102 DOM
19. 2026-04-23
    status Active 365-char remark

    Show marketing remark (365 chars)

    Charming older brick home with endless potential. Full of character and solid craftsmanship. Set on a generous lot this property offers great bones and a timeless exterior that has stood the test of time. Spacious layout with original details ready to be brought back to life. With a little vision and work this home can truly shine again. Supra e-key on front door

20. 2026-04-23
    price $159,900 365-char remark

    Show marketing remark (365 chars)

    Charming older brick home with endless potential. Full of character and solid craftsmanship. Set on a generous lot this property offers great bones and a timeless exterior that has stood the test of time. Spacious layout with original details ready to be brought back to life. With a little vision and work this home can truly shine again. Supra e-key on front door

21. 2026-04-23
    status Active 365-char remark

    Show marketing remark (365 chars)

    Charming older brick home with endless potential. Full of character and solid craftsmanship. Set on a generous lot this property offers great bones and a timeless exterior that has stood the test of time. Spacious layout with original details ready to be brought back to life. With a little vision and work this home can truly shine again. Supra e-key on front door

22. 2026-04-23
    price $159,900 365-char remark

    Show marketing remark (365 chars)

    Charming older brick home with endless potential. Full of character and solid craftsmanship. Set on a generous lot this property offers great bones and a timeless exterior that has stood the test of time. Spacious layout with original details ready to be brought back to life. With a little vision and work this home can truly shine again. Supra e-key on front door

23. 2026-02-18
    soldstatus $101,000
24. 2026-02-11
    historical 365-char remark

    Show marketing remark (365 chars)

    Charming older brick home with endless potential. Full of character and solid craftsmanship. Set on a generous lot this property offers great bones and a timeless exterior that has stood the test of time. Spacious layout with original details ready to be brought back to life. With a little vision and work this home can truly shine again. Supra e-key on front door

25. 2025-12-03
    listed $170,000 Active 365-char remark

    Show marketing remark (365 chars)

    Charming older brick home with endless potential. Full of character and solid craftsmanship. Set on a generous lot this property offers great bones and a timeless exterior that has stood the test of time. Spacious layout with original details ready to be brought back to life. With a little vision and work this home can truly shine again. Supra e-key on front door

26. 2025-12-03
    listed $170,000 Active 365-char remark

    Show marketing remark (365 chars)

    Charming older brick home with endless potential. Full of character and solid craftsmanship. Set on a generous lot this property offers great bones and a timeless exterior that has stood the test of time. Spacious layout with original details ready to be brought back to life. With a little vision and work this home can truly shine again. Supra e-key on front door

27. 2021-11-19
    soldstatus $195,000
28. 2018-11-14
    soldstatus $110,000
29. 2017-09-22
    historical
30. 2016-10-22
    listed $251,000 Active
31. 2016-09-23
    listed $251,000

ⓘ 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: $1,658 · $138/mo
• Projected year-2 tax: $1,658 · $138/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 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: $21,312
• − Mortgage interest: −$8,957
• − Property taxes: −$1,658
• − Insurance: −$800
• − Repairs & maintenance: −$1,705
• − Management: −$1,705
• − Depreciation: −$4,652
• Taxable income: $1,836
• Est. tax owed @ 24.0%: −$441
• After-tax cash flow: $3,876/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

-36.3% since first listed

13 events — show timeline

• 2026-04-23 Relisted — AcadianaMLS
• 2026-04-23 Price Changed $159,900 AcadianaMLS
• 2026-04-23 Relisted — GSREIN
• 2026-04-23 Price Changed $159,900 GSREIN
• 2026-02-18 Sold (Public Records) $101,000 Public Records
• 2026-02-11 Listing Removed — GSREIN
• 2025-12-03 Listed $170,000 GSREIN
• 2025-12-03 Listed $170,000 AcadianaMLS
• 2021-11-19 Sold (Public Records) $195,000 Public Records
• 2018-11-14 Sold (Public Records) $110,000 Public Records
• 2017-09-22 Listing Removed — GSREIN
• 2016-10-22 Listed $251,000 GSREIN
• 2016-09-23 Listed $251,000 AcadianaMLS

Property tax history

+6.4%/yr

Latest (2025): $1,658 · +66.5% YoY. Source: county tax records.