473 Klondyke Dr · Ponchatoula, LA 70454

$228,000

3 bd · 2.0 ba · 1,173 sqft · SingleFamily public records · 15 Days on market

Built 2015 0.26 ac lot Est $192k · 19% over

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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).

• Cash flow +12.6/30.0
• DSCR +3.8/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Schools +2.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home generator included! Filled with natural light, this inviting home offers a screened porch, fenced backyard with a 3-year-old, like-new shed, and a spacious primary suite with a tub & shower. Thoughtful layout, generous storage, full laundry room, and 2-car garage.

Key facts

• 0.26 acre lot
• 2 parking spots
• Built 2015

Property features AI

Exterior

• Parking: Two parking spaces
• Utilities: Public water; Public sewer; Generator available
• Home design: Single-story; Very good condition
• Construction: Brick, stucco, and vinyl siding exterior; Asphalt shingle roof; Slab foundation
• Exterior features: Enclosed porch; Covered screened porch; Fence; Shed(s); Rectangular lot; Outside city limits

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heating present; Cooling present
• Interior features: Stainless steel appliances; Gas fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $228k.

Deal economics

• At list price, monthly cash flow is $-28 ($-332/yr) — negative.
• To cash-flow at today's rent, offer at most $223k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $170k (25.6% below list).
• Recommended offer: $170k (25.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#91 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: employment D, crime D-, amenities 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.
• Market conditions: Rents flat; 527 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% 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).

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 15 days — a 2% lower offer ($225k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 11y 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.

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 $169,617 (25.6% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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: 0.74% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.52%
• DSCR: 0.98
• GRM: 11.2

CMA / ARV

• ARV (on-the-fly): $192,372
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
473 Klondyke Dr	0.00mi	3/2.0	1,333 (+14%)	0mo	$220,000	$165	77
669 Seneco Dr	0.11mi	3/2.0	1,303 (+11%)	14mo	$235,000	$180	65
1140 Weinberger Rd	0.35mi	2/2.0 (-1)	1,150 (-2%)	17mo	$189,000	$164	61
205 E Pecan St	0.72mi	3/1.0	1,217 (+4%)	2mo	$140,000	$115	54
18435 Weinberger Rd	0.49mi	3/2.0	1,216 (+4%)	21mo	$95,000	$78	54
659 S 2nd St	0.49mi	3/1.0	1,102 (-6%)	23mo	$50,000	$45	44
170 Saxon St	0.70mi	2/1.0 (-1)	1,121 (-4%)	10mo	$40,000	$36	43
592 S 1 St St	0.43mi	3/2.0	1,344 (+15%)	20mo	$225,000	$167	39
560 S 4th St	0.65mi	3/2.0	1,302 (+11%)	15mo	$237,500	$182	39

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: -19.5%
• Equity multiple: 0.33×
• Total profit: $-42,712
• Equity at exit: $33,996

10-year hold

• IRR: -17.3%
• Equity multiple: 0.14×
• Total profit: $-55,157
• Equity at exit: $19,713

Cash invested: $63,840 (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: 11.2×

Monthly cashflow live

• Estimated rent: $1,696 high
• Mortgage (P&I): −$1,196
• Tax from tax record: −$77 /mo · $924/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $-28

Break-even live

Break-even rent $1,731

Max offer price $223,113

Occupancy floor 97%

Sensitivity live

Price	-10% $101	-5% $37	+0% $-28	+5% $-92	+10% $-157
Rent	-10% $-162	-5% $-95	+0% $-28	+5% $39	+10% $106
Rate	-1.0pp $87	-0.5pp $30	base $-28	+0.5pp $-87	+1.0pp $-147

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: $57,000
• Closing costs: $6,840
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
39329 Brookfield Dr Ponchatoula, LA	3.0	2.0	1385	$2,000	$1.44	45d	1	0.45mi
412 E Beech St Ponchatoula, LA	2.0	2.0	1001	$1,170	$1.17	45d	1	1.08mi
408 E Beech St Ponchatoula, LA	2.0	2.0	1001	$1,170	$1.17	45d	1	1.09mi
39189 Old Sawmill Rd Unit A Ponchatoula, LA	2.0	2.0	988	$1,200	$1.21	45d	1	1.35mi
523 W Magnolia St Ponchatoula, LA	2.0	2.0	1114	$1,700	$1.53	24d	1	1.37mi

Listing history 20 events

1. 2026-06-07
   statusdays on market $228,000 Pending 15 DOM
2. 2026-06-05
   days on market $228,000 Active 13 DOM
3. 2026-06-03
   days on market $228,000 Active 12 DOM
4. 2026-06-02
   days on market $228,000 Active 11 DOM
5. 2026-06-01
   days on market $228,000 Active 10 DOM
6. 2026-05-31
   days on market $228,000 Active 9 DOM
7. 2026-05-30
   days on market $228,000 Active 8 DOM
8. 2026-05-22
   listed $228,000 Active 387-char remark

   Show marketing remark (273 chars)

   Home generator included! Filled with natural light, this inviting home offers a screened porch, fenced backyard with a 3-year-old, like-new shed, and a spacious primary suite with a tub & shower. Thoughtful layout, generous storage, full laundry room, and 2-car garage.

9. 2026-05-22
   listed $228,000 Active

   Show marketing remark (273 chars)

   Home generator included! Filled with natural light, this inviting home offers a screened porch, fenced backyard with a 3-year-old, like-new shed, and a spacious primary suite with a tub & shower. Thoughtful layout, generous storage, full laundry room, and 2-car garage.

10. 2026-05-20
    historical $228,000 387-char remark

    Show marketing remark (273 chars)

    Home generator included! Filled with natural light, this inviting home offers a screened porch, fenced backyard with a 3-year-old, like-new shed, and a spacious primary suite with a tub & shower. Thoughtful layout, generous storage, full laundry room, and 2-car garage.

11. 2021-04-27
    soldstatus $175,000
12. 2021-04-26
    soldstatus $175,000 Closed

    Show marketing remark (359 chars)

    CUTE 3 BEDROOM 2 BATH WITH WOOD FLOORS IN LIVING AREA, TILE IN KITCHEN/DINING AND WET AREAS. OPEN FLOOR PLAN, KITCHEN/DINING COMBO AREA, GAS FIREPLACE, GRANITE COUNTERTOPS, STAINLESS APPLIANCES, TANKLESS WATER HEATER. MASTER BATH HAS DOUBLE LAVATORIES, SOAKER TUB, AND SEPARATE SHOWER. COVERED PATIO AND FENCED YARD. HIGHEST AND BEST OFFERS BY 3/9/2021 AT 5PM

13. 2021-03-10
    status Pending

    Show marketing remark (359 chars)

    CUTE 3 BEDROOM 2 BATH WITH WOOD FLOORS IN LIVING AREA, TILE IN KITCHEN/DINING AND WET AREAS. OPEN FLOOR PLAN, KITCHEN/DINING COMBO AREA, GAS FIREPLACE, GRANITE COUNTERTOPS, STAINLESS APPLIANCES, TANKLESS WATER HEATER. MASTER BATH HAS DOUBLE LAVATORIES, SOAKER TUB, AND SEPARATE SHOWER. COVERED PATIO AND FENCED YARD. HIGHEST AND BEST OFFERS BY 3/9/2021 AT 5PM

14. 2021-03-08
    listed $169,900

    Show marketing remark (359 chars)

    CUTE 3 BEDROOM 2 BATH WITH WOOD FLOORS IN LIVING AREA, TILE IN KITCHEN/DINING AND WET AREAS. OPEN FLOOR PLAN, KITCHEN/DINING COMBO AREA, GAS FIREPLACE, GRANITE COUNTERTOPS, STAINLESS APPLIANCES, TANKLESS WATER HEATER. MASTER BATH HAS DOUBLE LAVATORIES, SOAKER TUB, AND SEPARATE SHOWER. COVERED PATIO AND FENCED YARD. HIGHEST AND BEST OFFERS BY 3/9/2021 AT 5PM

15. 2021-03-08
    listed $169,900 Active

    Show marketing remark (359 chars)

    CUTE 3 BEDROOM 2 BATH WITH WOOD FLOORS IN LIVING AREA, TILE IN KITCHEN/DINING AND WET AREAS. OPEN FLOOR PLAN, KITCHEN/DINING COMBO AREA, GAS FIREPLACE, GRANITE COUNTERTOPS, STAINLESS APPLIANCES, TANKLESS WATER HEATER. MASTER BATH HAS DOUBLE LAVATORIES, SOAKER TUB, AND SEPARATE SHOWER. COVERED PATIO AND FENCED YARD. HIGHEST AND BEST OFFERS BY 3/9/2021 AT 5PM

16. 2015-08-21
    soldstatus $149,900 Sold
17. 2015-06-21
    status Under Contract
18. 2015-06-02
    price $149,900
19. 2015-05-13
    listed $159,900 Active
20. 2015-02-22
    listed $149,900

ⓘ 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: $924 · $77/mo
• Projected year-2 tax: $1,254 · $104/mo
• Expected delta: +$330/yr (+$28/mo · 35.8%)

ⓘ 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: $20,354
• − Mortgage interest: −$12,772
• − Property taxes: −$924
• − Insurance: −$1,140
• − Repairs & maintenance: −$1,628
• − Management: −$1,628
• − Depreciation: −$6,633
• Taxable loss: −$4,371
• Est. tax savings @ 24.0%: +$1,049
• After-tax cash flow: $717/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 — Ponchatoula

• Score: 68/100
• State rank: #91
• US rank: #9755

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ponchatoula, LA
• County: Tangipahoa Parish · 85,958 people
• City population: 34,564
• 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

+46.8% since first listed

17 events — show timeline

• 2026-06-18 Sold (MLS) $220,000 GSREIN
• 2026-06-18 Sold (MLS) $220,000 AcadianaMLS
• 2026-06-06 Pending — AcadianaMLS
• 2026-06-06 Pending — GSREIN
• 2026-05-22 Listed $228,000 AcadianaMLS
• 2026-05-22 Listed $228,000 GSREIN
• 2026-05-20 Coming Soon $228,000 AcadianaMLS
• 2021-04-27 Sold (Public Records) $175,000 Public Records
• 2021-04-26 Sold (MLS) $175,000 GSREIN
• 2021-03-10 Pending — GSREIN
• 2021-03-08 Listed $169,900 AcadianaMLS
• 2021-03-08 Listed $169,900 GSREIN
• 2015-08-21 Sold (MLS) $149,900 GSREIN
• 2015-06-21 Pending — GSREIN
• 2015-06-02 Price Changed $149,900 GSREIN
• 2015-05-13 Listed $159,900 GSREIN
• 2015-02-22 Listed $149,900 AcadianaMLS

Property tax history

-1.4%/yr

Latest (2025): $924 · +1.5% YoY. Source: county tax records.