70274 K St · Covington, LA 70433

$200,000

4 bd · 2.0 ba · 1,950 sqft · SingleFamily public records · 265 Days on market

Built 1952 0.26 ac lot $103/sqft · 34% below area Est $298k · 33% under

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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 +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.2/10.0
• Schools +4.3/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed--including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range--much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

Key facts

• Fresh paint
• Oven range
• Water heater

Tags

• NEW ROOF
• FRESH PAINT
• PLUMBING TO SEPTIC SYSTEM
• WATER HEATER
• OVEN RANGE
• GRANITE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $305 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.9% in Covington — 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 75/100 on livability (#17 in LA, #3,876 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• St. Tammany Parish (suburban): math 43% / reading 55% proficiency, ranked #11 of 98 in LA (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.3%/yr); 524 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,064 units permitted in St. Tammany Parish in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($81k/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 $6k of value loss. Plan a longer hold.
• St. Tammany County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 265 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 8y ago; this cycle's ask has dropped $75k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• 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 $176,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 265 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.02% ✓
• Cap rate: 8.12%
• Cash-on-cash: 6.53%
• DSCR: 1.29
• GRM: 8.2

CMA / ARV

• ARV (median comp): $297,993
• List price: $200,000
• Delta: -32.88%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
707 Stonewood Dr	0.13mi	4/2.0	1,959 (+0%)	3mo	$335,000	$171	91
723 Stonewood Dr	0.10mi	4/2.0	1,925 (-1%)	5mo	$317,500	$165	89
70470 Landry Kate Ln	0.28mi	3/2.0 (-1)	1,906 (-2%)	0mo	$445,000	$233	78
208 Stonewood Dr	0.32mi	4/2.0	1,864 (-4%)	4mo	$422,500	$227	75
719 Stonewood Dr	0.11mi	3/2.0 (-1)	1,663 (-15%)	2mo	$280,000	$168	64
223 Bamboo Dr	0.23mi	3/2.0 (-1)	2,223 (+14%)	0mo	$338,000	$152	61
118 Woodcrest Dr	0.42mi	3/2.0 (-1)	1,690 (-13%)	3mo	$289,900	$172	51
4049 Monarch Ln	0.53mi	3/2.0 (-1)	1,694 (-13%)	1mo	$400,000	$236	48
3056 Red Admiral Dr	0.62mi	3/2.0 (-1)	1,760 (-10%)	4mo	$385,000	$219	46
205 Woodcrest Dr	0.56mi	4/2.5	2,203 (+13%)	5mo	$322,000	$146	46
1105 Abita River Dr	0.65mi	4/2.5	2,203 (+13%)	3mo	$475,500	$216	44
1129 Abita River Dr	0.67mi	4/2.5	2,187 (+12%)	6mo	$470,000	$215	41

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 · 4.31% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.82×
• Total profit: $-10,297
• Equity at exit: $29,821

10-year hold

• IRR: 6.2%
• Equity multiple: 1.49×
• Total profit: $27,410
• Equity at exit: $17,292

Cash invested: $56,000 (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 70433

• Rents YoY: 4.3%
• Active inventory: 524
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,035 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$171 /mo · $2,049/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $305

Break-even live

Break-even rent $1,649

Max offer price $200,000

Occupancy floor 80%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
70403 L St Covington, LA	3.0	2.0	1250	$1,695	$1.36	43d	1	0.26mi
70361 D St Covington, LA	3.0	2.0	1409	$1,750	$1.24	23d	1	0.35mi
4025 Monarch Ln Covington, LA	3.0	2.0	1853	$2,800	$1.51	43d	1	0.53mi
70466 1st St Covington, LA	3.0	2.0	1443	$2,100	$1.46	17d	1	0.65mi
70040 2nd St Covington, LA	3.0	2.0	1416	$2,000	$1.41	3d	1	0.74mi
70045 3rd St Covington, LA	3.0	2.0	1430	$1,750	$1.22	3d	1	0.75mi
70293 7th St Covington, LA	3.0	2.0	1450	$1,695	$1.17	43d	1	0.81mi
70266 7th St Covington, LA	3.0	2.0	1736	$1,575	$0.91	43d	1	0.83mi
70300 7th St Covington, LA	3.0	2.0	1448	$1,750	$1.21	23d	1	0.84mi
70252 8th St Covington, LA	3.0	2.0	1230	$1,650	$1.34	23d	1	0.89mi
70439 8th St Covington, LA	3.0	2.0	1267	$1,500	$1.18	23d	1	0.92mi
212 Covington Cottage Ln Covington, LA	3.0	2.0	1690	$2,275	$1.35	43d	1	0.98mi
70096 10th St Covington, LA	3.0	2.0	1391	$1,950	$1.40	17d	1	1.07mi
711 Lionel Ct Abita Springs, LA	3.0	2.0	1497	$2,000	$1.34	23d	1	1.08mi
469 Tiger Ave Covington, LA	3.0	2.5	2020	$2,700	$1.34	43d	1	1.10mi
445 Tiger Ave Covington, LA	3.0	2.0	1538	$2,300	$1.50	23d	1	1.12mi
308 Robinhood Dr Covington, LA	3.0	2.0	1650	$1,800	$1.09	3d	1	1.22mi
312 Lismore Ln Covington, LA	3.0	2.5	1521	$2,900	$1.91	23d	1	1.26mi
110 Robinhood Dr Covington, LA	3.0	2.0	1600	$1,500	$0.94	43d	1	1.28mi
70415 Fuchsia St Abita Springs, LA	5.0	3.0	2324	$2,300	$0.99	43d	1	1.34mi
103 Covington Meadow Cir Unit F Covington, LA	3.0	2.5	1476	$1,700	$1.15	43d	1	1.42mi
103 Covington Meadow Cir Unit E Covington, LA	3.0	2.5	1476	$1,700	$1.15	23d	1	1.42mi
100 Covington Meadow Cir Unit D Covington, LA	3.0	2.5	1356	$1,600	$1.18	17d	1	1.45mi
104 Covington Meadow Cir Unit I Covington, LA	3.0	2.5	1476	$1,600	$1.08	23d	1	1.47mi

Listing history 40 events

1. 2026-06-13
   statusdays on market $200,000 Pending 265 DOM
2. 2026-06-10
   days on market $200,000 Active Under Contract 264 DOM
3. 2026-06-09
   days on market $200,000 Active Under Contract 263 DOM
4. 2026-06-08
   days on market $200,000 Active Under Contract 262 DOM
5. 2026-06-07
   days on market $200,000 Active Under Contract 261 DOM
6. 2026-06-03
   days on market $200,000 Active Under Contract 257 DOM
7. 2026-06-02
   days on market $200,000 Active Under Contract 256 DOM
8. 2026-06-01
   days on market $200,000 Active Under Contract 255 DOM
9. 2026-05-31
   days on market $200,000 Active Under Contract 254 DOM
10. 2026-05-18
    status Pending 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

11. 2026-05-18
    historical Active Under Contract 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

12. 2026-05-12
    status Active 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

13. 2026-05-12
    price $200,000 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

14. 2026-05-12
    status Active 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

15. 2026-05-12
    price $200,000 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

16. 2026-05-05
    status Pending 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

17. 2026-05-05
    historical Active Under Contract 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

18. 2026-04-21
    status Active 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

19. 2026-04-21
    price $230,000 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

20. 2026-04-21
    status Active 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

21. 2026-04-21
    price $230,000 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

22. 2026-04-15
    status Pending 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

23. 2026-04-15
    historical Active Under Contract 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

24. 2026-03-19
    price $250,000 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

25. 2026-03-19
    price $250,000 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

26. 2026-02-19
    price $265,000 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

27. 2026-02-19
    price $265,000 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

28. 2025-09-19
    listed $275,000 Active 1006-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

29. 2025-09-19
    listed $275,000 Active 1016-char remark

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

30. 2025-09-19
    listed $275,000 Active

    Show marketing remark (1016 chars)

    Investment Opportunity in Tammany Hills! This updated 4BR/2BA property offers strong potential as a rental investment and income-producing opportunity. With major improvements already completed—including a new roof, new subfloor, new gutters, fresh interior paint, septic system, water heater, and oven/range—much of the heavy lifting has already been done. Originally renovated in 2018, the home features durable laminate wood flooring throughout, ceramic tile in all wet areas, granite countertops, and updated kitchen cabinets with stainless steel appliances, including refrigerator. The spacious primary suite includes a walk-in closet, private side-yard access, and an en suite bath with separate tiled shower and soaking tub. Outside, the wood privacy-fenced backyard, shade trees, and workshop/covered storage add extra appeal for future tenants or long-term occupants. Conveniently located in Tammany Hills Subdivision, this property offers space, updates, and value at an attractive price point.

31. 2021-12-16
    soldstatus $250,000
32. 2018-11-28
    soldstatus $157,500
33. 2018-11-21
    soldstatus $157,500 Sold
34. 2018-10-18
    historical Pending Continue to Show
35. 2018-09-27
    price $164,500
36. 2018-09-26
    status Active
37. 2018-09-14
    historical Pending Continue to Show
38. 2018-07-25
    price $174,900
39. 2018-06-06
    listed $179,900 Active
40. 2018-06-06
    listed $164,500

ⓘ 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: $2,049 · $171/mo
• Projected year-2 tax: $2,049 · $171/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 · 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: $24,421
• − Mortgage interest: −$11,203
• − Property taxes: −$2,049
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,954
• − Management: −$1,954
• − Depreciation: −$5,818
• Taxable income: $443
• Est. tax owed @ 24.0%: −$106
• After-tax cash flow: $3,551/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: St. Tammany Parish
• NCES district ID: 2201650
• Math proficiency: 43% ▼ -32.00%
• Reading proficiency: 55% ▼ -26.00%
• Median HH income: $61,752
• Composite: 43.04/100
• National rank: #3098
• State rank: #11 of 98 in LA

Livability — Covington

• Score: 75/100
• State rank: #17
• US rank: #3876

Category grades

Amenities F Commute F Cost of living B+ Crime A- Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Tammany Parish · 228,296 people
• City population: 64,351
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 41,876
• Household income: $81,241
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 1287.0

Population outlook (St. Tammany County) Hauer SSP2

• Today (2025): 286,725 people
• By 2030: 304,175 · +6.1%
• By 2040: 336,203 · +17.3%
• By 2050: 364,590 · +27.2%
• By 2075: 433,362 · +51.1%
• By 2100: 470,333 · +64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 9% Hispanic / Latino 7% Two or more races 7% Native American 1% Asian 1%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 17% Italian 2% Slovak 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 5% French/Haitian/Cajun 1% Vietnamese 1%

Political lean MEDSL · St. Tammany

• 2024 margin: Solid R (+43.8) · D 27.3% · R 71.1% · Other 1.6%
• 2008→2024 swing: +9.6pp toward D · 2008: -53.4pp · 2024: -43.8pp
• All cycles: 2024: R+43.8 2020: R+44.2 2016: R+50.8 2012: R+52.2 2008: R+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -112.14%
• Current HPI: 181.8348
• Rent YoY: ▲ 4.31%
• Metro: New Orleans-Metairie, 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

+11.2% since first listed

31 events — show timeline

• 2026-05-18 Pending — AcadianaMLS
• 2026-05-18 Contingent — GSREIN
• 2026-05-12 Relisted — AcadianaMLS
• 2026-05-12 Price Changed $200,000 AcadianaMLS
• 2026-05-12 Relisted — GSREIN
• 2026-05-12 Price Changed $200,000 GSREIN
• 2026-05-05 Pending — AcadianaMLS
• 2026-05-05 Contingent — GSREIN
• 2026-04-21 Relisted — AcadianaMLS
• 2026-04-21 Price Changed $230,000 AcadianaMLS
• 2026-04-21 Relisted — GSREIN
• 2026-04-21 Price Changed $230,000 GSREIN
• 2026-04-15 Pending — AcadianaMLS
• 2026-04-15 Contingent — GSREIN
• 2026-03-19 Price Changed $250,000 AcadianaMLS
• 2026-03-19 Price Changed $250,000 GSREIN
• 2026-02-19 Price Changed $265,000 AcadianaMLS
• 2026-02-19 Price Changed $265,000 GSREIN
• 2025-09-19 Listed $275,000 AcadianaMLS
• 2025-09-19 Listed $275,000 GSREIN
• 2025-09-19 Listed $275,000 AcadianaMLS
• 2021-12-16 Sold (Public Records) $250,000 Public Records
• 2018-11-28 Sold (Public Records) $157,500 Public Records
• 2018-11-21 Sold (MLS) $157,500 GSREIN
• 2018-10-18 Contingent — GSREIN
• 2018-09-27 Price Changed $164,500 GSREIN
• 2018-09-26 Relisted — GSREIN
• 2018-09-14 Contingent — GSREIN
• 2018-07-25 Price Changed $174,900 GSREIN
• 2018-06-06 Listed $164,500 AcadianaMLS
• 2018-06-06 Listed $179,900 GSREIN

Property tax history

+1.7%/yr

Latest (2025): $2,049 · -3.6% YoY. Source: county tax records.