24059 Cosner Ln · Hammond, LA 70446

$150,000

3 bd · 2.0 ba · 1,536 sqft · SingleFamily public records · 13 Days on market

Built 2013 2.33 ac lot

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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 +27.0/30.0
• DSCR +9.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home sits on 2.33 acres at the end of a dead-end street. The wrap-around porch alone is worth the drive out! It's the kind you actually use. Inside, the open floor plan makes the space feel bigger than you'd expect, with a built-in in the living room that adds a nice custom touch. The primary bath has both a tub and a separate shower, and the kitchen has been updated with newer stainless steel appliances. New aerator system on the property too. Out back, you've got a pond, a fenced pasture area, and land that's just really great to look at. Set back from the road so you've got real privacy without feeling like you're in the middle of nowhere. Quiet street and enough space to actually do something, whether that's animals, a garden, or just room to breathe.

Key facts

• 2.33 acre lot
• 3 parking spots
• Built 2013

Property features AI

Exterior

• Parking: Driveway; Off-street parking; Three or more parking spaces
• Security: Smoke detectors
• Utilities: Well water; Septic tank
• Home design: Single-story; Raised foundation; Very good condition
• Construction: Vinyl siding; Metal roof; Built with a raised foundation
• Exterior features: Fence; Wood porch/patio; Pond on the lot; Property located outside city limits

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Has heating
• Interior features: Ceiling fans; Pantry; Cable TV
• 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 $150k.

Deal economics

• At list price, monthly cash flow is $420 ($5k/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 9.7% 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: Loranger Elementary School (math 13% / reading 24%, grade F, #467 of 646 statewide, top 73%, 834 students, 66% FRL); Hammond High Magnet School (math 19% / reading 28%, grade F, #167 of 265 statewide, top 63%, 1,750 students, 64% FRL).
• Market conditions: 60 active listings in the ZIP; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).

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 + 3.0% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 6y 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 $122k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $150,000

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. 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.
5. 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.
6. 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: 1.10% ✓
• Cap rate: 9.65%
• Cash-on-cash: 11.99%
• DSCR: 1.53
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 1.5%
• Equity multiple: 1.06×
• Total profit: $2,354
• Equity at exit: $22,365

10-year hold

• IRR: 11.0%
• Equity multiple: 1.86×
• Total profit: $36,185
• 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 70446

• Home prices YoY: -33.1%
• Active inventory: 60
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,648 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$33 /mo · $393/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $420

Break-even live

Break-even rent $1,116

Max offer price $150,000

Occupancy floor 70%

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: —

Listing history 18 events

1. 2026-04-30
   status Pending
2. 2026-04-19
   status Pending 770-char remark

   Show marketing remark (770 chars)

   This home sits on 2.33 acres at the end of a dead-end street. The wrap-around porch alone is worth the drive out! It's the kind you actually use. Inside, the open floor plan makes the space feel bigger than you'd expect, with a built-in in the living room that adds a nice custom touch. The primary bath has both a tub and a separate shower, and the kitchen has been updated with newer stainless steel appliances. New aerator system on the property too. Out back, you've got a pond, a fenced pasture area, and land that's just really great to look at. Set back from the road so you've got real privacy without feeling like you're in the middle of nowhere. Quiet street and enough space to actually do something, whether that's animals, a garden, or just room to breathe.

3. 2026-04-19
   historical Active Under Contract

   Show marketing remark (770 chars)

   This home sits on 2.33 acres at the end of a dead-end street. The wrap-around porch alone is worth the drive out! It's the kind you actually use. Inside, the open floor plan makes the space feel bigger than you'd expect, with a built-in in the living room that adds a nice custom touch. The primary bath has both a tub and a separate shower, and the kitchen has been updated with newer stainless steel appliances. New aerator system on the property too. Out back, you've got a pond, a fenced pasture area, and land that's just really great to look at. Set back from the road so you've got real privacy without feeling like you're in the middle of nowhere. Quiet street and enough space to actually do something, whether that's animals, a garden, or just room to breathe.

4. 2026-04-17
   listed $150,000 Active

   Show marketing remark (770 chars)

   This home sits on 2.33 acres at the end of a dead-end street. The wrap-around porch alone is worth the drive out! It's the kind you actually use. Inside, the open floor plan makes the space feel bigger than you'd expect, with a built-in in the living room that adds a nice custom touch. The primary bath has both a tub and a separate shower, and the kitchen has been updated with newer stainless steel appliances. New aerator system on the property too. Out back, you've got a pond, a fenced pasture area, and land that's just really great to look at. Set back from the road so you've got real privacy without feeling like you're in the middle of nowhere. Quiet street and enough space to actually do something, whether that's animals, a garden, or just room to breathe.

5. 2026-04-17
   listed $150,000 Active 770-char remark

   Show marketing remark (770 chars)

   This home sits on 2.33 acres at the end of a dead-end street. The wrap-around porch alone is worth the drive out! It's the kind you actually use. Inside, the open floor plan makes the space feel bigger than you'd expect, with a built-in in the living room that adds a nice custom touch. The primary bath has both a tub and a separate shower, and the kitchen has been updated with newer stainless steel appliances. New aerator system on the property too. Out back, you've got a pond, a fenced pasture area, and land that's just really great to look at. Set back from the road so you've got real privacy without feeling like you're in the middle of nowhere. Quiet street and enough space to actually do something, whether that's animals, a garden, or just room to breathe.

6. 2020-10-08
   soldstatus Sold 345-char remark

   Show marketing remark (345 chars)

   Great home at a great value. Only 7 years young. Open floor plan. New carpet. Gorgeous wrap around porch gives you nice views of your 2.33 acres, pond and fenced pasture. Metal roof. New range/oven being installed. New well equipment and updated sewer. Please know that about ½ of your property is past the pond. Just minutes into Robert.

7. 2020-10-08
   soldstatus $122,000 Closed

   Show marketing remark (345 chars)

   Great home at a great value. Only 7 years young. Open floor plan. New carpet. Gorgeous wrap around porch gives you nice views of your 2.33 acres, pond and fenced pasture. Metal roof. New range/oven being installed. New well equipment and updated sewer. Please know that about ½ of your property is past the pond. Just minutes into Robert.

8. 2020-09-02
   status Pending
9. 2020-08-26
   status Active
10. 2020-07-13
    status Pending
11. 2020-07-10
    status Active
12. 2020-07-07
    status Pending 345-char remark

    Show marketing remark (345 chars)

    Great home at a great value. Only 7 years young. Open floor plan. New carpet. Gorgeous wrap around porch gives you nice views of your 2.33 acres, pond and fenced pasture. Metal roof. New range/oven being installed. New well equipment and updated sewer. Please know that about ½ of your property is past the pond. Just minutes into Robert.

13. 2020-07-06
    status Pending
14. 2020-06-30
    listed $120,900 Active 345-char remark

    Show marketing remark (345 chars)

    Great home at a great value. Only 7 years young. Open floor plan. New carpet. Gorgeous wrap around porch gives you nice views of your 2.33 acres, pond and fenced pasture. Metal roof. New range/oven being installed. New well equipment and updated sewer. Please know that about ½ of your property is past the pond. Just minutes into Robert.

15. 2020-06-30
    listed $120,900

    Show marketing remark (345 chars)

    Great home at a great value. Only 7 years young. Open floor plan. New carpet. Gorgeous wrap around porch gives you nice views of your 2.33 acres, pond and fenced pasture. Metal roof. New range/oven being installed. New well equipment and updated sewer. Please know that about ½ of your property is past the pond. Just minutes into Robert.

16. 2020-06-30
    listed $120,900 Active

    Show marketing remark (345 chars)

    Great home at a great value. Only 7 years young. Open floor plan. New carpet. Gorgeous wrap around porch gives you nice views of your 2.33 acres, pond and fenced pasture. Metal roof. New range/oven being installed. New well equipment and updated sewer. Please know that about ½ of your property is past the pond. Just minutes into Robert.

17. 2020-06-30
    listed $120,900

    Show marketing remark (345 chars)

    Great home at a great value. Only 7 years young. Open floor plan. New carpet. Gorgeous wrap around porch gives you nice views of your 2.33 acres, pond and fenced pasture. Metal roof. New range/oven being installed. New well equipment and updated sewer. Please know that about ½ of your property is past the pond. Just minutes into Robert.

18. 2001-03-15
    soldstatus $14,900

ⓘ 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: $393 · $33/mo
• Projected year-2 tax: $825 · $69/mo
• Expected delta: +$432/yr (+$36/mo · 109.9%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 6/10 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,771
• − Mortgage interest: −$8,402
• − Property taxes: −$393
• − Insurance: −$750
• − Repairs & maintenance: −$1,582
• − Management: −$1,582
• − Depreciation: −$4,364
• Taxable income: $2,698
• Est. tax owed @ 24.0%: −$648
• After-tax cash flow: $4,389/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

• City population: 51,394
• Population (ZIP): 6,871

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: Predominantly White (81%)
• Race & ethnicity: White 81% Black 9% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Lithuanian 13%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 4% French/Haitian/Cajun 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: ▼ -66.41%
• Current HPI: 133.9227
• Rent YoY: —
• Metro: —
• 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

+906.7% since first listed

18 events — show timeline

• 2026-04-30 Pending — GSREIN
• 2026-04-19 Pending — AcadianaMLS
• 2026-04-19 Contingent — GSREIN
• 2026-04-17 Listed $150,000 AcadianaMLS
• 2026-04-17 Listed $150,000 GSREIN
• 2020-10-08 Sold (MLS) $122,000 GSREIN
• 2020-10-08 Sold (MLS) — GBRMLS
• 2020-09-02 Pending — GSREIN
• 2020-08-26 Relisted — GSREIN
• 2020-07-13 Pending — GSREIN
• 2020-07-10 Relisted — GSREIN
• 2020-07-07 Pending — GBRMLS
• 2020-07-06 Pending — GSREIN
• 2020-06-30 Listed $120,900 AcadianaMLS
• 2020-06-30 Listed $120,900 GSREIN
• 2020-06-30 Listed $120,900 AcadianaMLS
• 2020-06-30 Listed $120,900 GBRMLS
• 2001-03-15 Sold (Public Records) $14,900 Public Records

Property tax history

+0.2%/yr

Latest (2025): $393 · +0.5% YoY. Source: county tax records.