44010 Booker Ii Rd · Hammond, LA 70403

$229,000

3 bd · 2.0 ba · 1,361 sqft · SingleFamily · 345 Days on market

Built 2025 $168/sqft · 6% below area Est $244k · 6% under ↓ 12% since listing

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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 +11.4/30.0
• ARV discount +10.3/15.0
• Livability +3.5/5.0
• 1% rule +3.3/10.0
• DSCR +3.3/10.0
• 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

Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well...as long as the market allows so hurry along. Tweet - Tweet

Key facts

• Parking
• Built 2025
• Listed 345 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $229k.

Deal economics

• At list price, monthly cash flow is $-79 ($-947/yr) — negative.
• To cash-flow at today's rent, offer at most $218k (5.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (16.9% below list).
• Recommended offer: $190k (16.9% below list) — sets the bar for 1% rule.

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 Eastside Magnet (math 22% / reading 35%, grade F, #350 of 646 statewide, top 55%, 1,343 students, 68% 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 73% FRL track the district average.
• Market conditions: Rents flat; 328 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% 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 45% 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 $2k of loan paydown is wiped out by about $7k 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 345 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $31k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $190,334 (16.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 345 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
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. 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?
8. 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.
9. 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.
10. 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: 0.83% ✗
• Cap rate: 5.88%
• Cash-on-cash: -1.48%
• DSCR: 0.93
• GRM: 10.0

CMA / ARV

• ARV (median comp): $244,396
• List price: $229,000
• Delta: -6.30%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19183 Branchside Ln	0.08mi	3/2.0	1,448 (+6%)	19mo	$250,000	$173	70

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: -21.8%
• Equity multiple: 0.27×
• Total profit: $-47,087
• Equity at exit: $34,145

10-year hold

• IRR: -23.7%
• Equity multiple: -0.04×
• Total profit: $-66,732
• Equity at exit: $19,800

Cash invested: $64,120 (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: 10.0×

Monthly cashflow live

• Estimated rent: $1,903 high
• Mortgage (P&I): −$1,201
• Tax est. 1.5%: −$286 /mo · $3,435/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-79

Break-even live

Break-even rent $2,003

Max offer price $217,579

Occupancy floor 99%

Sensitivity live

Price	-10% $79	-5% $0	+0% $-79	+5% $-158	+10% $-237
Rent	-10% $-229	-5% $-154	+0% $-79	+5% $-4	+10% $71
Rate	-1.0pp $36	-0.5pp $-21	base $-79	+0.5pp $-138	+1.0pp $-199

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
44243 Kendalwood Dr Hammond, LA	3.0	2.0	1826	$2,200	$1.20	45d	1	0.72mi
18067 Wedgewood Dr Hammond, LA	3.0	2.0	1423	$1,450	$1.02	45d	1	0.91mi
17597 Tangi Lake Dr Hammond, LA	1.0–3.0	1.0–2.5	1075	$1,500	$1.40	45d	1	1.10mi
43293 Quiet Lake Dr Hammond, LA	4.0	2.0	1850	$3,840	$2.08	45d	1	1.21mi
19216 Dr John Lambert Dr Hammond, LA	1.0–3.0	1.0–2.0	995	$1,808	$1.82	16d	10	1.23mi
42594 Sac au Lait Dr Ponchatoula, LA	3.0	2.0	1490	$1,700	$1.14	45d	1	1.38mi

Listing history 28 events

1. 2026-06-21
   days on market $229,000 Active 345 DOM
2. 2026-06-19
   days on market $229,000 Active 343 DOM
3. 2026-06-18
   days on market $229,000 Active 342 DOM
4. 2026-06-17
   days on market $229,000 Active 341 DOM
5. 2026-06-16
   days on market $229,000 Active 340 DOM
6. 2026-06-15
   days on market $229,000 Active 339 DOM
7. 2026-06-14
   days on market $229,000 Active 337 DOM
8. 2026-06-13
   days on market $229,000 Active 336 DOM
9. 2026-06-10
   days on market $229,000 Active 334 DOM
10. 2026-06-09
    days on market $229,000 Active 333 DOM
11. 2026-06-08
    days on market $229,000 Active 332 DOM
12. 2026-06-07
    days on market $229,000 Active 331 DOM
13. 2026-06-05
    days on market $229,000 Active 328 DOM
14. 2026-06-03
    days on market $229,000 Active 327 DOM
15. 2026-06-02
    days on market $229,000 Active 326 DOM
16. 2026-06-01
    days on market $229,000 Active 325 DOM
17. 2026-05-31
    days on market $229,000 Active 324 DOM
18. 2026-05-30
    days on market $229,000 Active 323 DOM
19. 2026-04-19
    price $229,000 736-char remark

    Show marketing remark (736 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well...as long as the market allows so hurry along. Tweet - Tweet

20. 2026-04-18
    price $229,000 740-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

21. 2026-01-10
    price $240,000 736-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

22. 2026-01-10
    price $240,000 740-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

23. 2025-10-31
    price $250,000 736-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

24. 2025-10-31
    price $250,000 740-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

25. 2025-09-10
    price $255,000 736-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

26. 2025-09-10
    price $255,000 740-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

27. 2025-07-11
    listed $260,000 Active 736-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

28. 2025-07-11
    listed $260,000 Active 740-char remark

    Show marketing remark (740 chars)

    Qualifies for 100% Financing! NEW CONSTRUCTION! YOUR dream home! Whether it's your first or your forever home, this beauty is calling your name. Still strolling through the photos? I get it-- you're already imagining all the joy this place will bring! The open kitchen is designed for crafting gourmet meals or hosting "EPIC" dinner parties. Imagine sipping your morning coffee outdoors, feeling like you're on a permanent vacation--Just "YU", your coffee and maybe a good book or a social media scroll for a laugh. Yes, I know how to spell you. LOL. Are you ready to make this dream a reality? Schedule your appointment today----I'm waiting for you! Well. .. as long as the market allows so hurry along. Tweet - Tweet

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $22,840
• − Mortgage interest: −$12,828
• − Property taxes: −$3,435
• − Insurance: −$1,145
• − Repairs & maintenance: −$1,827
• − Management: −$1,827
• − Depreciation: −$6,662
• Taxable loss: −$4,884
• Est. tax savings @ 24.0%: +$1,172
• After-tax cash flow: $225/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

-11.9% since first listed

10 events — show timeline

• 2026-04-19 Price Changed $229,000 AcadianaMLS
• 2026-04-18 Price Changed $229,000 GSREIN
• 2026-01-10 Price Changed $240,000 AcadianaMLS
• 2026-01-10 Price Changed $240,000 GSREIN
• 2025-10-31 Price Changed $250,000 AcadianaMLS
• 2025-10-31 Price Changed $250,000 GSREIN
• 2025-09-10 Price Changed $255,000 AcadianaMLS
• 2025-09-10 Price Changed $255,000 GSREIN
• 2025-07-11 Listed $260,000 GSREIN
• 2025-07-11 Listed $260,000 AcadianaMLS