604 J W Davis Dr · Hammond, LA 70403

$158,200

3 bd · 1.0 ba · 1,240 sqft · SingleFamily public records · 25 Days on market

Built 1981 5,227 sqft lot Est $143k · 11% over

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Why this score? — see what drove the D+ 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 +21.1/30.0
• DSCR +6.7/10.0
• 1% rule +4.3/10.0
• Livability +3.5/5.0
• ARV discount +2.6/15.0
• 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

Move in ready, three bed one bath home with a fenced in yard in Hammond.

Key facts

• Fenced in yard
• 5,227 sq ft lot
• Built 1981

Tags

• FENCED IN YARD

Property features AI

Finance

• Other: Satellite dish

Exterior

• Parking: Carport
• Security: Security system
• Utilities: Public water; Public sewer
• Home design: Detached single-family residence; Residential property
• Construction: Wood siding, frame, and brick construction; Slab foundation; Built with year not specified
• Exterior features: Privacy fencing; Shingle roof

Interior

• Kitchen: Range; Oven; Dishwasher
• Flooring: Tile; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (Electric, forced air); Central air conditioning
• Interior features: Range, Oven, Dishwasher; Tile and ceramic tile flooring
• Laundry & utility: Washer hookup inside; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $158k.

Deal economics

• At list price, monthly cash flow is $227 ($3k/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 $147k (7.0% below list).
• Recommended offer: $147k (7.0% below list) — sets the bar for 1% rule.
• 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; 16 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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).
• This rent runs 35% 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 25 days — a 2% lower offer ($156k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,102 (7.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.93% ✗
• Cap rate: 8.01%
• Cash-on-cash: 6.14%
• DSCR: 1.27
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $142,600
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1323 Smith Sq	0.04mi	3/1.5	1,300 (+5%)	6mo	$150,000	$115	83
110 Wells Dr	0.59mi	3/2.0	1,237 (-0%)	1mo	$70,000	$57	67
1102 Mooney Ave	0.28mi	3/1.0	1,260 (+2%)	22mo	$80,000	$63	66
1105 South Spruce St	0.45mi	3/2.0	1,300 (+5%)	7mo	$205,000	$158	61
307 S Linden St	0.44mi	2/1.0 (-1)	1,273 (+3%)	15mo	$45,000	$35	58
1010 W Charles St	0.67mi	3/2.0	1,190 (-4%)	1mo	$182,000	$153	57
1109 South Spruce St	0.47mi	3/2.0	1,300 (+5%)	17mo	$192,000	$148	52
703 Edwin Neill Way	0.50mi	2/2.0 (-1)	1,375 (+11%)	3mo	$82,500	$60	47
1000 W Charles St	0.67mi	3/1.0	1,300 (+5%)	20mo	$210,000	$162	44
1100 S Oak St	0.63mi	4/2.0 (+1)	1,349 (+9%)	7mo	$105,000	$78	41
1003 W Charles St	0.64mi	2/1.5 (-1)	1,120 (-10%)	23mo	$183,000	$163	28

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: -9.6%
• Equity multiple: 0.66×
• Total profit: $-15,129
• Equity at exit: $23,588

10-year hold

• IRR: -3.8%
• Equity multiple: 0.78×
• Total profit: $-9,869
• Equity at exit: $13,678

Cash invested: $44,296 (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: 9.0×

Monthly cashflow live

• Estimated rent: $1,471 high
• Mortgage (P&I): −$830
• Tax from tax record: −$40 /mo · $480/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $227

Break-even live

Break-even rent $1,184

Max offer price $158,200

Occupancy floor 80%

Sensitivity live

Price	-10% $316	-5% $271	+0% $227	+5% $182	+10% $137
Rent	-10% $110	-5% $168	+0% $227	+5% $285	+10% $343
Rate	-1.0pp $306	-0.5pp $267	base $227	+0.5pp $186	+1.0pp $144

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: $39,550
• Closing costs: $4,746
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1002 S Pine St Hammond, LA	3.0	2.5	1324	$1,500	$1.13	44d	1	0.48mi
207 S Laurel St Unit B Hammond, LA	3.0	2.0	1100	$1,350	$1.23	44d	1	0.51mi
1600 Bauerle Rd Hammond, LA	1.0–2.0	1.0–2.0	884	$1,751	$1.98	44d	4	0.56mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	44d	1	0.62mi
204 W Clark St Hammond, LA	2.0	1.0	840	$900	$1.07	44d	1	0.78mi
221 W Thomas St Unit A Hammond, LA	3.0	1.0	1400	$2,050	$1.46	44d	1	0.82mi
209 Dixie Dr Hammond, LA	3.0	1.0	1100	$1,150	$1.05	44d	1	0.90mi
402 S Cherry St Hammond, LA	3.0	2.0	1400	$1,700	$1.21	44d	1	0.92mi
100 S Cypress St Hammond, LA	2.0	2.5	1100	$1,750	$1.59	44d	1	1.00mi
2617 Rue Saint Martin Hammond, LA	2.0	1.5	1399	$1,000	$0.71	44d	1	1.26mi
308 Alexander Dr Hammond, LA	3.0	2.0	1193	$1,390	$1.17	44d	1	1.33mi
408 E Michigan St Hammond, LA	2.0	1.0	1222	$1,350	$1.10	44d	1	1.34mi
606 Rue Saint Martin Unit B Hammond, LA	2.0	1.5	1100	$900	$0.82	44d	1	1.36mi
16218 E Minnesota Park Rd Unit 3B Hammond, LA	2.0	2.5	1095	$1,450	$1.32	44d	1	1.38mi
1407 Hooks Dr Unit B Hammond, LA	2.0	1.0	838	$1,000	$1.19	44d	1	1.47mi
1211 Western Ave Hammond, LA	4.0	2.0	1400	$1,600	$1.14	44d	1	1.48mi

Listing history 20 events

1. 2026-06-19
   days on market $158,200 Active 25 DOM
2. 2026-06-18
   days on market $158,200 Active 24 DOM
3. 2026-06-17
   days on market $158,200 Active 23 DOM
4. 2026-06-16
   days on market $158,200 Active 22 DOM
5. 2026-06-15
   days on market $158,200 Active 21 DOM
6. 2026-06-14
   days on market $158,200 Active 19 DOM
7. 2026-06-13
   days on market $158,200 Active 18 DOM
8. 2026-06-10
   days on market $158,200 Active 16 DOM
9. 2026-06-09
   days on market $158,200 Active 15 DOM
10. 2026-06-08
    days on market $158,200 Active 14 DOM
11. 2026-06-07
    days on market $158,200 Active 13 DOM
12. 2026-06-05
    days on market $158,200 Active 10 DOM
13. 2026-06-03
    days on market $158,200 Active 9 DOM
14. 2026-06-02
    days on market $158,200 Active 8 DOM
15. 2026-06-01
    days on market $158,200 Active 7 DOM
16. 2026-05-31
    days on market $158,200 Active 6 DOM
17. 2026-05-30
    days on market $158,200 Active 5 DOM
18. 2026-05-18
    listed $158,200 Active

    Show marketing remark (72 chars)

    Move in ready, three bed one bath home with a fenced in yard in Hammond.

19. 2026-05-18
    listed $158,200 Active 72-char remark

    Show marketing remark (72 chars)

    Move in ready, three bed one bath home with a fenced in yard in Hammond.

20. 2003-04-01
    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: $480 · $40/mo
• Projected year-2 tax: $870 · $73/mo
• Expected delta: +$390/yr (+$33/mo · 81.3%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 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: $17,652
• − Mortgage interest: −$8,862
• − Property taxes: −$480
• − Insurance: −$791
• − Repairs & maintenance: −$1,412
• − Management: −$1,412
• − Depreciation: −$4,602
• Taxable income: $93
• Est. tax owed @ 24.0%: −$22
• After-tax cash flow: $2,697/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

• Census place: Hammond, LA
• 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

+0.0% since first listed

3 events — show timeline

• 2026-05-18 Listed $158,200 AcadianaMLS
• 2026-05-18 Listed $158,200 GBRMLS
• 2003-04-01 Sold (Public Records) — Public Records

Property tax history

+1.6%/yr

Latest (2025): $480 · +0.5% YoY. Source: county tax records.