Aspen Plan · Hammond, LA 70455

$214,900

3 bd · 2.0 ba · 1,343 sqft · SingleFamily · 238 Days on market

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +6.9/30.0
• Appreciation +6.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• 1% rule +1.8/10.0
• DSCR +1.1/10.0

Listing remarks MLS

Welcome to the Aspen, a stunning single-story home that combines style and functionality located in Savannahs in the desirable city of Robert, Louisiana, this home offers 3 bedrooms, 2 bathrooms, and 1,343 sq. ft. of thoughtfully designed living space. As you step inside, you'll find an open-concept layout that seamlessly blends the kitchen, living, and dining areas, making it ideal for both everyday living and entertaining guests. The kitchen is truly the heart of the home, featuring sleek shaker-style cabinets, stainless-steel Frigidaire appliances, a gooseneck pulldown faucet, and luxurious 3 cm granite countertops. You'll appreciate the convenience of a large pantry and a separate laundry room. Just off the kitchen, the dining area flows smoothly into the inviting living room, creating a warm and welcoming space for family meals or gatherings. Each of the three bedrooms is designed for comfort, with soft carpeting and ample closet space to meet all your storage needs. The spacious primary bedroom, located at the rear of the home for added privacy, boasts an en suite bathroom with a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. The Aspen also offers customizable exteriors, with two stunning options to choose from, so you can make the home truly your own. If you're ready to explore all that the Aspen has to offer, contact us today to schedule your private tour. Discover how this charming home can fit your lifestyle!

Key facts

• Open floorplan
• Smart home products
• 2 garage spots

Tags

• OPEN FLOORPLAN
• STAINLESS STEEL APPLIANCES
• SMART HOME PRODUCTS
• SHORT DRIVE TO HAMMOND
• MINUTES FROM TICKFAW RIVER

🏗️ New construction. The $214,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $234,861.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $-359 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $183k (14.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $160k (25.5% below list).
• Recommended offer: $160k (25.5% 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+, 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: 86 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($2k loan paydown + $8k appreciation (3.2% local appreciation)).
• Tangipahoa County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 238 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $160,000 (25.5% 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 238 days. Have you received any prior offers? Is the seller open to a 26% 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: 0.68% ✗
• Cap rate: 4.46%
• Cash-on-cash: -6.55%
• DSCR: 0.71
• GRM: 12.2

CMA / ARV

• ARV (median comp): $234,861
• List price: $214,900
• Delta: -8.50%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
23093 Serengeti Dr	0.02mi	3/2.0	1,363 (+2%)	0mo	$216,010	$158	96
23023 Savannahwood Dr	0.08mi	3/2.0	1,343 (0%)	3mo	$214,900	$160	94
47594 Cathy Ln	0.53mi	3/2.0	1,369 (+2%)	10mo	$220,000	$161	63
23015 Mills Blvd	0.36mi	3/2.0	1,258 (-6%)	12mo	$200,000	$159	63
48219 Savannahwood Dr	0.02mi	3/2.0	1,510 (+12%)	22mo	$230,000	$152	60
47564 Cathy Ln	0.47mi	3/2.0	1,370 (+2%)	22mo	$216,900	$158	56
23065 Plainsland Dr	0.20mi	3/2.0	1,510 (+12%)	21mo	$226,900	$150	52
47715 Cathy Ln	0.61mi	3/2.0	1,472 (+10%)	10mo	$220,000	$149	47
47602 Cathy Ln	0.55mi	4/2.0 (+1)	1,539 (+15%)	2mo	$235,000	$153	44
47633 Cathy Ln	0.52mi	3/2.0	1,508 (+12%)	16mo	$220,000	$146	42
47612 Cathy Ln	0.56mi	3/2.0	1,530 (+14%)	15mo	$215,000	$141	38
47417 Myra Cv	0.70mi	3/2.0	1,510 (+12%)	10mo	$219,500	$145	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.21% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.12×
• Total profit: $8,112
• Equity at exit: $108,438

10-year hold

• IRR: 5.6%
• Equity multiple: 1.88×
• Total profit: $57,722
• Equity at exit: $169,355

Cash invested: $65,761 (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 70455

• Home prices YoY: 2.0%
• Active inventory: 86
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,600 medium
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,523/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $-359

Break-even live

Break-even rent $2,055

Max offer price $182,903

Occupancy floor —

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: $58,715
• Closing costs: $7,046
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
47376-0 Johns Cv Robert, LA	3.0	2.0	1508	$1,600	$1.06	43d	1	0.66mi

Listing history 18 events

1. 2026-06-19
   days on market $214,900 Active 238 DOM
2. 2026-06-18
   days on market $214,900 Active 237 DOM
3. 2026-06-17
   days on market $214,900 Active 236 DOM
4. 2026-06-16
   days on market $214,900 Active 235 DOM
5. 2026-06-15
   days on market $214,900 Active 234 DOM
6. 2026-06-14
   days on market $214,900 Active 232 DOM
7. 2026-06-13
   days on market $214,900 Active 231 DOM
8. 2026-06-10
   days on market $214,900 Active 229 DOM
9. 2026-06-09
   days on market $214,900 Active 228 DOM
10. 2026-06-08
    days on market $214,900 Active 227 DOM
11. 2026-06-07
    days on market $214,900 Active 226 DOM
12. 2026-06-05
    days on market $214,900 Active 223 DOM
13. 2026-06-03
    days on market $214,900 Active 222 DOM
14. 2026-06-02
    days on market $214,900 Active 221 DOM
15. 2026-06-01
    days on market $214,900 Active 220 DOM
16. 2026-05-31
    days on market $214,900 Active 219 DOM
17. 2026-05-30
    days on market $214,900 Active 218 DOM
18. 2025-10-25
    listed $214,900 Active 1490-char remark

    Show marketing remark (1490 chars)

    Welcome to the Aspen, a stunning single-story home that combines style and functionality located in Savannahs in the desirable city of Robert, Louisiana, this home offers 3 bedrooms, 2 bathrooms, and 1,343 sq. ft. of thoughtfully designed living space. As you step inside, you'll find an open-concept layout that seamlessly blends the kitchen, living, and dining areas, making it ideal for both everyday living and entertaining guests. The kitchen is truly the heart of the home, featuring sleek shaker-style cabinets, stainless-steel Frigidaire appliances, a gooseneck pulldown faucet, and luxurious 3 cm granite countertops. You'll appreciate the convenience of a large pantry and a separate laundry room. Just off the kitchen, the dining area flows smoothly into the inviting living room, creating a warm and welcoming space for family meals or gatherings. Each of the three bedrooms is designed for comfort, with soft carpeting and ample closet space to meet all your storage needs. The spacious primary bedroom, located at the rear of the home for added privacy, boasts an en suite bathroom with a dual vanity, a tub/shower combination, a generous walk-in closet, and a separate linen closet. The Aspen also offers customizable exteriors, with two stunning options to choose from, so you can make the home truly your own. If you're ready to explore all that the Aspen has to offer, contact us today to schedule your private tour. Discover how this charming home can fit your lifestyle!

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

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 8/10 Severe 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: $19,200
• − Mortgage interest: −$13,156
• − Property taxes: −$3,523
• − Insurance: −$1,174
• − Repairs & maintenance: −$1,536
• − Management: −$1,536
• − Depreciation: −$6,832
• Taxable loss: −$8,557
• Est. tax savings @ 24.0%: +$2,054
• After-tax cash flow: $-2,255/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): 2,456

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 (80%)
• Race & ethnicity: White 80% Asian 19%
• Common ancestry: Lithuanian 15% Slovak 1% Italian 1%
• Foreign-born: 14% · Philippines, Canada
• Languages at home: 83% English-only · Other Asian/Pacific 17%

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: ▲ 3.21%
• Current HPI: 166.5078
• 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

1 event — show timeline

• 2025-10-25 Listed $214,900 Zillow