47509 Cathy Ln · Hammond, LA 70455

$228,900

3 bd · 2.0 ba · 1,536 sqft · SingleFamily public records · 22 Days on market

Built 2018 8,712 sqft lot Est $229k · at est. $23/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 +9.4/30.0
• ARV discount +7.5/15.0
• Appreciation +6.6/10.0
• Livability +3.5/5.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• Schools +2.0/10.0

Listing remarks MLS

Tucked away in a peaceful subdivision yet perfectly convenient for commuters, this inviting home offers the best of both worlds! Enjoy a sunny open floor plan designed for easy everyday living and entertaining, complete with stainless steel appliances and a spacious kitchen island perfect for gathering with family and friends. Step outside to a serene backyard setting overlooking a pond framed by mature trees -- your own private retreat for morning coffee or evening sunsets. Added perks include energy-efficient features for lower utility costs and desirable Flood Zone X, where flood insurance is not required. Homes with views and convenience like this don't last long -- book your private showing today!

Key facts

• Open floor plan
• Overlooking a pond
• 8,712 sq ft lot

Tags

• OPEN FLOOR PLAN
• SPACIOUS KITCHEN ISLAND
• SERENE BACKYARD SETTING
• OVERLOOKING A POND
• ENERGY EFFICIENT FEATURES

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $275

Exterior

• Parking: Attached garage with two spaces and garage door opener
• Security: Fire sprinkler system; Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Single-story; Shingle roof; Brick, stucco, and vinyl siding exterior; Excellent condition; Slab foundation
• Construction: Built with brick, stucco, and vinyl siding
• Exterior features: Covered porch; Porch; Pond on the lot; Irregular lot; Outside city limits

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Oven; Range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Attic; Carbon monoxide detector; Pantry; Pull-down attic stairs; Cable TV; Screens on windows
• Laundry & utility: Washer hookup; Dryer hookup

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 $-164 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $200k (12.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $160k (30.1% below list).
• Recommended offer: $160k (30.1% 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 + $7k 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 ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($225k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y 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 $150k; list at $229k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,000 (30.1% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.70% ✗
• Cap rate: 5.43%
• Cash-on-cash: -3.08%
• DSCR: 0.86
• GRM: 11.9

CMA / ARV

• ARV (on-the-fly): $228,864
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
47488 Cathy Ln	0.05mi	4/2.0 (+1)	1,562 (+2%)	1mo	$220,000	$141	89
47528 Cathy Ln	0.05mi	3/2.5	1,598 (+4%)	2mo	$250,000	$156	87
47602 Cathy Ln	0.13mi	4/2.0 (+1)	1,539 (+0%)	2mo	$235,000	$153	87
23112 Rosa Blvd	0.13mi	3/2.0	1,599 (+4%)	2mo	$227,000	$142	85
47693 Cathy Ln	0.25mi	3/2.5	1,576 (+3%)	6mo	$235,000	$149	77
47527 Hutton Cv	0.10mi	4/2.0 (+1)	1,639 (+7%)	6mo	$230,000	$140	74
47385 Myra Cv	0.33mi	4/2.0 (+1)	1,562 (+2%)	4mo	$235,000	$150	74
23100 Island Dr	0.44mi	3/2.0	1,649 (+7%)	0mo	$236,365	$143	67
48222 Grassland St	0.44mi	3/2.0	1,649 (+7%)	3mo	$237,470	$144	65
23093 Serengeti Dr	0.44mi	3/2.0	1,363 (-11%)	0mo	$216,010	$158	61
47158 445 Hwy	0.66mi	3/2.0	1,680 (+9%)	0mo	$180,000	$107	53
23023 Savannahwood Dr	0.53mi	3/2.0	1,343 (-13%)	3mo	$214,900	$160	52

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: 5.3%
• Equity multiple: 1.31×
• Total profit: $19,640
• Equity at exit: $105,686

10-year hold

• IRR: 8.2%
• Equity multiple: 2.27×
• Total profit: $81,325
• Equity at exit: $165,056

Cash invested: $64,092 (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: 11.9×

Monthly cashflow live

• Estimated rent: $1,600 medium
• Mortgage (P&I): −$1,200
• Tax from tax record: −$109 /mo · $1,314/yr
• Insurance: −$95
• HOA: −$23
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $-164

Break-even live

Break-even rent $1,808

Max offer price $199,885

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: $57,225
• Closing costs: $6,867
• 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	0.22mi

HOA detail

• Monthly dues: $23 · $276/yr

Listing history 26 events

1. 2026-06-19
   days on market $228,900 Active 22 DOM
2. 2026-06-18
   days on market $228,900 Active 21 DOM
3. 2026-06-17
   days on market $228,900 Active 20 DOM
4. 2026-06-16
   days on market $228,900 Active 19 DOM
5. 2026-06-15
   days on market $228,900 Active 18 DOM
6. 2026-06-14
   days on market $228,900 Active 16 DOM
7. 2026-06-13
   days on market $228,900 Active 15 DOM
8. 2026-06-10
   days on market $228,900 Active 13 DOM
9. 2026-06-09
   days on market $228,900 Active 12 DOM
10. 2026-06-08
    days on market $228,900 Active 11 DOM
11. 2026-06-07
    days on market $228,900 Active 10 DOM
12. 2026-06-05
    days on market $228,900 Active 7 DOM
13. 2026-06-03
    days on market $228,900 Active 6 DOM
14. 2026-06-02
    days on market $228,900 Active 5 DOM
15. 2026-06-01
    days on market $228,900 Active 4 DOM
16. 2026-05-31
    days on market $228,900 Active 3 DOM
17. 2026-05-30
    days on market $228,900 Active 2 DOM
18. 2026-05-28
    listed $228,900 Active

    Show marketing remark (711 chars)

    Tucked away in a peaceful subdivision yet perfectly convenient for commuters, this inviting home offers the best of both worlds! Enjoy a sunny open floor plan designed for easy everyday living and entertaining, complete with stainless steel appliances and a spacious kitchen island perfect for gathering with family and friends. Step outside to a serene backyard setting overlooking a pond framed by mature trees -- your own private retreat for morning coffee or evening sunsets. Added perks include energy-efficient features for lower utility costs and desirable Flood Zone X, where flood insurance is not required. Homes with views and convenience like this don't last long -- book your private showing today!

19. 2026-05-28
    listed $228,900 Active 711-char remark

    Show marketing remark (711 chars)

    Tucked away in a peaceful subdivision yet perfectly convenient for commuters, this inviting home offers the best of both worlds! Enjoy a sunny open floor plan designed for easy everyday living and entertaining, complete with stainless steel appliances and a spacious kitchen island perfect for gathering with family and friends. Step outside to a serene backyard setting overlooking a pond framed by mature trees -- your own private retreat for morning coffee or evening sunsets. Added perks include energy-efficient features for lower utility costs and desirable Flood Zone X, where flood insurance is not required. Homes with views and convenience like this don't last long -- book your private showing today!

20. 2019-03-28
    soldstatus $149,800 Closed 375-char remark

    Show marketing remark (375 chars)

    UNDER CONSTRUCTION! THIS CONVENIENTLY LOCATED, QUAINT, WATER VIEW COMMUNITY IS LOCATED IN ROBERT, LOUISIANA. THE DANVILLE FLOOR PLAN IS VERY OPEN AND OFFERS A FANTASTIC PATIO AREA FOR LOUNGING OUTSIDE. FEATURES INCLUDE: ENERGY EFFICIENT WINDOWS, LUXURY VINYL PLANK FLOORS IN COMMON/WET AREAS, RECESSED CAN LIGHTS, STAINLESS STEEL APPLIANCES, WHITE COUNTERTOPS, AND MANY MORE.

21. 2018-12-17
    status Pending 375-char remark

    Show marketing remark (375 chars)

    UNDER CONSTRUCTION! THIS CONVENIENTLY LOCATED, QUAINT, WATER VIEW COMMUNITY IS LOCATED IN ROBERT, LOUISIANA. THE DANVILLE FLOOR PLAN IS VERY OPEN AND OFFERS A FANTASTIC PATIO AREA FOR LOUNGING OUTSIDE. FEATURES INCLUDE: ENERGY EFFICIENT WINDOWS, LUXURY VINYL PLANK FLOORS IN COMMON/WET AREAS, RECESSED CAN LIGHTS, STAINLESS STEEL APPLIANCES, WHITE COUNTERTOPS, AND MANY MORE.

22. 2018-10-04
    status Under Contract 375-char remark

    Show marketing remark (375 chars)

    UNDER CONSTRUCTION! THIS CONVENIENTLY LOCATED, QUAINT, WATER VIEW COMMUNITY IS LOCATED IN ROBERT, LOUISIANA. THE DANVILLE FLOOR PLAN IS VERY OPEN AND OFFERS A FANTASTIC PATIO AREA FOR LOUNGING OUTSIDE. FEATURES INCLUDE: ENERGY EFFICIENT WINDOWS, LUXURY VINYL PLANK FLOORS IN COMMON/WET AREAS, RECESSED CAN LIGHTS, STAINLESS STEEL APPLIANCES, WHITE COUNTERTOPS, AND MANY MORE.

23. 2018-10-02
    listed $149,900 Active 375-char remark

    Show marketing remark (375 chars)

    UNDER CONSTRUCTION! THIS CONVENIENTLY LOCATED, QUAINT, WATER VIEW COMMUNITY IS LOCATED IN ROBERT, LOUISIANA. THE DANVILLE FLOOR PLAN IS VERY OPEN AND OFFERS A FANTASTIC PATIO AREA FOR LOUNGING OUTSIDE. FEATURES INCLUDE: ENERGY EFFICIENT WINDOWS, LUXURY VINYL PLANK FLOORS IN COMMON/WET AREAS, RECESSED CAN LIGHTS, STAINLESS STEEL APPLIANCES, WHITE COUNTERTOPS, AND MANY MORE.

24. 2018-06-30
    soldstatus $149,800 Sold 375-char remark

    Show marketing remark (375 chars)

    UNDER CONSTRUCTION! THIS CONVENIENTLY LOCATED, QUAINT, WATER VIEW COMMUNITY IS LOCATED IN ROBERT, LOUISIANA. THE DANVILLE FLOOR PLAN IS VERY OPEN AND OFFERS A FANTASTIC PATIO AREA FOR LOUNGING OUTSIDE. FEATURES INCLUDE: ENERGY EFFICIENT WINDOWS, LUXURY VINYL PLANK FLOORS IN COMMON/WET AREAS, RECESSED CAN LIGHTS, STAINLESS STEEL APPLIANCES, WHITE COUNTERTOPS, AND MANY MORE.

25. 2018-06-15
    listed $149,900 Active 375-char remark

    Show marketing remark (375 chars)

    UNDER CONSTRUCTION! THIS CONVENIENTLY LOCATED, QUAINT, WATER VIEW COMMUNITY IS LOCATED IN ROBERT, LOUISIANA. THE DANVILLE FLOOR PLAN IS VERY OPEN AND OFFERS A FANTASTIC PATIO AREA FOR LOUNGING OUTSIDE. FEATURES INCLUDE: ENERGY EFFICIENT WINDOWS, LUXURY VINYL PLANK FLOORS IN COMMON/WET AREAS, RECESSED CAN LIGHTS, STAINLESS STEEL APPLIANCES, WHITE COUNTERTOPS, AND MANY MORE.

26. 2018-06-15
    listed $149,900

    Show marketing remark (375 chars)

    UNDER CONSTRUCTION! THIS CONVENIENTLY LOCATED, QUAINT, WATER VIEW COMMUNITY IS LOCATED IN ROBERT, LOUISIANA. THE DANVILLE FLOOR PLAN IS VERY OPEN AND OFFERS A FANTASTIC PATIO AREA FOR LOUNGING OUTSIDE. FEATURES INCLUDE: ENERGY EFFICIENT WINDOWS, LUXURY VINYL PLANK FLOORS IN COMMON/WET AREAS, RECESSED CAN LIGHTS, STAINLESS STEEL APPLIANCES, WHITE COUNTERTOPS, AND MANY MORE.

ⓘ 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: $1,314 · $109/mo
• Projected year-2 tax: $1,314 · $109/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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 23 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: $19,200
• − Mortgage interest: −$12,822
• − Property taxes: −$1,314
• − Insurance: −$1,144
• − Repairs & maintenance: −$1,536
• − Management: −$1,536
• − HOA: −$276
• − Depreciation: −$6,659
• Taxable loss: −$6,087
• Est. tax savings @ 24.0%: +$1,461
• After-tax cash flow: $-510/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

+52.7% since first listed

9 events — show timeline

• 2026-05-28 Listed $228,900 AcadianaMLS
• 2026-05-28 Listed $228,900 GSREIN
• 2019-03-28 Sold (MLS) $149,800 GSREIN
• 2018-12-17 Pending — GSREIN
• 2018-10-04 Pending — GSREIN
• 2018-10-02 Listed $149,900 GSREIN
• 2018-06-30 Sold (MLS) $149,800 GSREIN
• 2018-06-15 Listed $149,900 AcadianaMLS
• 2018-06-15 Listed $149,900 GSREIN

Property tax history

+36.9%/yr

Latest (2025): $1,314 · +0.4% YoY. Source: county tax records.