42146 Wood Ave · Hammond, LA 70454

$264,900

3 bd · 2.0 ba · 1,843 sqft · SingleFamily public records · 6 Days on market

Built 2017 10,454 sqft lot Est $264k · at est. $22/mo HOA · 1% of rent

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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 +19.6/30.0
• ARV discount +7.3/15.0
• DSCR +6.2/10.0
• 1% rule +4.4/10.0
• Livability +3.5/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT HOUSE ONLY 9 YEARS OLD, OPEN CONCEPT, GAS RANGE, FIREPLACE, COVERED PATIO. MASTER BEDROOMS HAS 2 WALK IN CLOSETS, DOUBLE VANITY SEPARATE SHOWER & GARDEN TUB. BACK YARD IS FENCED & HAS COVERED PORCH. TANKLESS HOT WATER HEATER. SELLER IS MOTIVATED TO SELL.

Key facts

• Double vanity
• Covered patio
• Walk in closets

Tags

• GAS RANGE
• FIREPLACE
• COVERED PATIO
• WALK IN CLOSETS
• DOUBLE VANITY
• SEPARATE SHOWER

Property features AI

Finance

• HOA & community: Homeowners association with annual fee of $260

Exterior

• Parking: Garage with two spaces and garage door opener
• Utilities: Public water; Public sewer
• Home design: Single-story; Brick construction; Shingle roof; Slab foundation; Excellent condition; Rectangular lot located outside city limits (70 x 155)
• Construction: Built with brick; Shingle roof; Slab foundation
• Exterior features: Fenced yard; Concrete covered patio

Interior

• Kitchen: Dishwasher; Garbage disposal; Microwave; Oven; Range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Attic; Ceiling fans; Granite counters; Pantry; Pull-down attic stairs; Cable TV; Gas fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $305 ($4k/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 $248k (6.2% below list).
• Recommended offer: $248k (6.2% below list) — sets the bar for 1% rule.
• Cap rate 7.7% 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: Tucker Memorial Elementary School (709 students, 67% FRL); Ponchatoula Junior High School (math 18% / reading 37%, grade F, #127 of 218 statewide, top 60%, 770 students, 60% FRL); Ponchatoula High School (math 29% / reading 40%, grade F, #106 of 265 statewide, top 43%, 2,262 students, 51% FRL).
• Market conditions: Rents flat; 527 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 42% of the median local income ($72k/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 $2k of loan paydown is wiped out by about $8k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 9y 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 $191k; 39% 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $248,466 (6.2% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
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: 0.94% ✗
• Cap rate: 7.68%
• Cash-on-cash: 4.94%
• DSCR: 1.22
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $263,549
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20316 Clemson Way	0.14mi	4/2.0 (+1)	1,858 (+1%)	2mo	$279,900	$151	86
20151 Carolina Ct	0.19mi	3/2.0	1,887 (+2%)	5mo	$260,000	$138	83
42016 Wood Ave	0.24mi	4/2.0 (+1)	1,875 (+2%)	3mo	$274,500	$146	78
42321 Cy Cir	0.31mi	3/2.0	1,887 (+2%)	5mo	$258,000	$137	78
20195 Deveron Dr	0.12mi	3/2.0	1,718 (-7%)	9mo	$250,000	$146	76
42375 Wood Ave	0.44mi	3/2.0	1,887 (+2%)	4mo	$255,000	$135	72
19078 Greenleaf Cir	0.22mi	3/2.0	1,714 (-7%)	7mo	$245,000	$143	72
19075 Greenleaf Cir	0.25mi	3/2.0	2,030 (+10%)	4mo	$277,000	$136	68
20278 Bella Gardens Cir	0.43mi	3/2.0	1,655 (-10%)	3mo	$215,000	$130	60
42467 Harlan Pl	0.58mi	4/2.0 (+1)	1,875 (+2%)	6mo	$279,900	$149	60
41539 W Portier Rd	0.69mi	4/2.0 (+1)	1,792 (-3%)	8mo	$235,000	$131	51
19473 Dunson Place Dr	0.68mi	3/2.0	1,694 (-8%)	7mo	$250,000	$148	49

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 · 0.66% rent growth · sell at horizon

5-year hold

• IRR: -11.1%
• Equity multiple: 0.61×
• Total profit: $-29,259
• Equity at exit: $39,497

10-year hold

• IRR: -5.3%
• Equity multiple: 0.69×
• Total profit: $-23,094
• Equity at exit: $22,904

Cash invested: $74,172 (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 70454

• Rents YoY: 0.7%
• Active inventory: 527
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,485 medium
• Mortgage (P&I): −$1,389
• Tax from tax record: −$136 /mo · $1,631/yr
• Insurance: −$110
• HOA: −$22
• Vacancy / Maint / Mgmt: −$522
• Net cashflow: $305

Break-even live

Break-even rent $2,098

Max offer price $264,900

Occupancy floor 83%

Sensitivity live

Price	-10% $455	-5% $380	+0% $305	+5% $230	+10% $155
Rent	-10% $109	-5% $207	+0% $305	+5% $404	+10% $502
Rate	-1.0pp $439	-0.5pp $373	base $305	+0.5pp $237	+1.0pp $167

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: $66,225
• Closing costs: $7,947
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19216 Dr John Lambert Dr Hammond, LA	1.0–3.0	1.0–2.0	995	$1,808	$1.82	16d	10	1.21mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	45d	1	1.32mi
42318 Andrea Ln Ponchatoula, LA	3.0	2.0	1291	$1,800	$1.39	45d	1	1.40mi

HOA detail

• Monthly dues: $22 · $264/yr
• Likely covers: watergas

Listing history 10 events

1. 2026-05-21
   status Active 268-char remark

   Show marketing remark (268 chars)

   GREAT HOUSE ONLY 9 YEARS OLD, OPEN CONCEPT, GAS RANGE, FIREPLACE, COVERED PATIO. MASTER BEDROOMS HAS 2 WALK IN CLOSETS, DOUBLE VANITY SEPARATE SHOWER & GARDEN TUB. BACK YARD IS FENCED & HAS COVERED PORCH. TANKLESS HOT WATER HEATER. SELLER IS MOTIVATED TO SELL.

2. 2026-05-21
   status Active

   Show marketing remark (268 chars)

   GREAT HOUSE ONLY 9 YEARS OLD, OPEN CONCEPT, GAS RANGE, FIREPLACE, COVERED PATIO. MASTER BEDROOMS HAS 2 WALK IN CLOSETS, DOUBLE VANITY SEPARATE SHOWER & GARDEN TUB. BACK YARD IS FENCED & HAS COVERED PORCH. TANKLESS HOT WATER HEATER. SELLER IS MOTIVATED TO SELL.

3. 2026-05-21
   historical

   Show marketing remark (268 chars)

   GREAT HOUSE ONLY 9 YEARS OLD, OPEN CONCEPT, GAS RANGE, FIREPLACE, COVERED PATIO. MASTER BEDROOMS HAS 2 WALK IN CLOSETS, DOUBLE VANITY SEPARATE SHOWER & GARDEN TUB. BACK YARD IS FENCED & HAS COVERED PORCH. TANKLESS HOT WATER HEATER. SELLER IS MOTIVATED TO SELL.

4. 2026-05-14
   listed $264,900 Active 268-char remark

   Show marketing remark (268 chars)

   GREAT HOUSE ONLY 9 YEARS OLD, OPEN CONCEPT, GAS RANGE, FIREPLACE, COVERED PATIO. MASTER BEDROOMS HAS 2 WALK IN CLOSETS, DOUBLE VANITY SEPARATE SHOWER & GARDEN TUB. BACK YARD IS FENCED & HAS COVERED PORCH. TANKLESS HOT WATER HEATER. SELLER IS MOTIVATED TO SELL.

5. 2026-05-14
   listed $264,900 Active

   Show marketing remark (268 chars)

   GREAT HOUSE ONLY 9 YEARS OLD, OPEN CONCEPT, GAS RANGE, FIREPLACE, COVERED PATIO. MASTER BEDROOMS HAS 2 WALK IN CLOSETS, DOUBLE VANITY SEPARATE SHOWER & GARDEN TUB. BACK YARD IS FENCED & HAS COVERED PORCH. TANKLESS HOT WATER HEATER. SELLER IS MOTIVATED TO SELL.

6. 2019-08-15
   listed $199,900
7. 2017-09-15
   soldstatus $190,515 Sold
8. 2017-08-02
   status Under Contract
9. 2017-06-21
   listed $190,515 Active
10. 2017-06-21
    listed $190,515

ⓘ 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: $1,631 · $136/mo
• Projected year-2 tax: $1,631 · $136/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 4/10 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: $29,816
• − Mortgage interest: −$14,839
• − Property taxes: −$1,631
• − Insurance: −$1,324
• − Repairs & maintenance: −$2,385
• − Management: −$2,385
• − HOA: −$264
• − Depreciation: −$7,706
• Taxable loss: −$719
• Est. tax savings @ 24.0%: +$173
• After-tax cash flow: $3,838/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): 34,564
• Household income: $71,611
• Rent vs Own: 16.3% rent · 83.7% own
• Severe rent burden: 479.0

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: Predominantly White (73%)
• Race & ethnicity: White 73% Black 16% Two or more races 8% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 15% Slovak 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▼ -83.55%
• Current HPI: 129.6069
• Rent YoY: ▲ 0.66%
• 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

+39.0% since first listed

12 events — show timeline

• 2026-05-28 Pending — AcadianaMLS
• 2026-05-28 Pending — GSREIN
• 2026-05-21 Relisted — AcadianaMLS
• 2026-05-21 Relisted — GSREIN
• 2026-05-21 Listing Removed — GSREIN
• 2026-05-14 Listed $264,900 GSREIN
• 2026-05-14 Listed $264,900 AcadianaMLS
• 2019-08-15 Listed $199,900 AcadianaMLS
• 2017-09-15 Sold (MLS) $190,515 GSREIN
• 2017-08-02 Pending — GSREIN
• 2017-06-21 Listed $190,515 GSREIN
• 2017-06-21 Listed $190,515 AcadianaMLS

Property tax history

+39.8%/yr

Latest (2025): $1,631 · +1.0% YoY. Source: county tax records.