14274 Lindsay Dr · Hammond, LA 70403

$135,000

3 bd · 1.0 ba · 1,140 sqft · SingleFamily public records · 91 Days on market

Built 1988 $118/sqft · 33% below area Est $236k · 43% under

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Why this score? — see what drove the B- 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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +6.2/10.0
• Livability +3.5/5.0
• 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

Charming corner-lot home ready for its next owner! This 3-bedroom, 1-bath property also features a versatile bonus room, offering flexibility for a home office, playroom, or additional living space. With great potential for both homeowners and investors, this property presents an excellent opportunity to add value. The home does require updates, including new flooring, sheetrock repairs, fresh interior paint, and repair of a freon leak in the A/C system. The A/C unit remains under warranty, providing added peace of mind. Sold as-is, this property is great for those looking to customize and make it their own or invest in a promising opportunity.

Key facts

• New flooring
• Corner-lot
• Great potential

Tags

• CORNER-LOT
• VERSATILE BONUS ROOM
• GREAT POTENTIAL
• NEW FLOORING
• FRESH INTERIOR PAINT
• A/C UNIT UNDER WARRANTY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 5.0% in Hammond — 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 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: Rents flat; 329 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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 36% 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 $933 of loan paydown is wiped out by about $4k 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 91 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 5y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.12% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.88%
• DSCR: 1.53
• GRM: 7.4

CMA / ARV

• ARV (median comp): $235,541
• List price: $135,000
• Delta: -42.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14257 Lindsay Dr	0.03mi	3/2.0	1,193 (+5%)	22mo	$1,500	$1	69
14133 Lindsay Dr	0.26mi	3/2.0	1,091 (-4%)	22mo	$145,000	$133	58
42563 Happywoods Rd	0.57mi	3/1.0	1,200 (+5%)	14mo	$155,000	$129	53

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: -1.5%
• Equity multiple: 0.95×
• Total profit: $-2,047
• Equity at exit: $20,129

10-year hold

• IRR: 5.4%
• Equity multiple: 1.35×
• Total profit: $13,300
• Equity at exit: $11,672

Cash invested: $37,800 (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: 329
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,517 high
• Mortgage (P&I): −$708
• Tax from tax record: −$60 /mo · $718/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $374

Break-even live

Break-even rent $1,043

Max offer price $135,000

Occupancy floor 70%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
42268 Will E Wright Jr Dr Hammond, LA	3.0	2.0	1300	$1,800	$1.38	43d	1	0.13mi
14007 Virginia Dr Unit C Hammond, LA	2.0	1.0	875	$895	$1.02	43d	1	0.43mi
42640 Happywoods Rd Unit 1 Hammond, LA	2.0	1.5	1100	$1,350	$1.23	43d	1	0.59mi
42114 Gardens Blvd Unit B Hammond, LA	2.0	2.0	1343	$1,450	$1.08	43d	1	1.27mi
44051 Stein Rd Unit 2 Hammond, LA	2.0	1.5	1085	$875	$0.81	43d	1	1.43mi
2617 Rue Saint Martin Hammond, LA	2.0	1.5	1399	$1,000	$0.71	43d	1	1.46mi
606 Rue Saint Martin Unit B Hammond, LA	2.0	1.5	1100	$900	$0.82	43d	1	1.49mi

Listing history 37 events

1. 2026-06-19
   days on market $135,000 Active 91 DOM
2. 2026-06-18
   days on market $135,000 Active 90 DOM
3. 2026-06-17
   days on market $135,000 Active 89 DOM
4. 2026-06-16
   days on market $135,000 Active 88 DOM
5. 2026-06-15
   days on market $135,000 Active 87 DOM
6. 2026-06-14
   days on market $135,000 Active 85 DOM
7. 2026-06-13
   days on market $135,000 Active 84 DOM
8. 2026-06-10
   days on market $135,000 Active 82 DOM
9. 2026-06-09
   days on market $135,000 Active 81 DOM
10. 2026-06-08
    days on market $135,000 Active 80 DOM
11. 2026-06-07
    days on market $135,000 Active 79 DOM
12. 2026-06-05
    days on market $135,000 Active 76 DOM
13. 2026-06-03
    days on market $135,000 Active 75 DOM
14. 2026-06-02
    days on market $135,000 Active 74 DOM
15. 2026-06-01
    days on market $135,000 Active 73 DOM
16. 2026-05-31
    days on market $135,000 Active 72 DOM
17. 2026-05-30
    days on market $135,000 Active 71 DOM
18. 2026-05-06
    price $135,000 652-char remark

    Show marketing remark (652 chars)

    Charming corner-lot home ready for its next owner! This 3-bedroom, 1-bath property also features a versatile bonus room, offering flexibility for a home office, playroom, or additional living space. With great potential for both homeowners and investors, this property presents an excellent opportunity to add value. The home does require updates, including new flooring, sheetrock repairs, fresh interior paint, and repair of a freon leak in the A/C system. The A/C unit remains under warranty, providing added peace of mind. Sold as-is, this property is great for those looking to customize and make it their own or invest in a promising opportunity.

19. 2026-05-05
    price $135,000 652-char remark

    Show marketing remark (652 chars)

    Charming corner-lot home ready for its next owner! This 3-bedroom, 1-bath property also features a versatile bonus room, offering flexibility for a home office, playroom, or additional living space. With great potential for both homeowners and investors, this property presents an excellent opportunity to add value. The home does require updates, including new flooring, sheetrock repairs, fresh interior paint, and repair of a freon leak in the A/C system. The A/C unit remains under warranty, providing added peace of mind. Sold as-is, this property is great for those looking to customize and make it their own or invest in a promising opportunity.

20. 2026-05-01
    price $154,500 652-char remark

    Show marketing remark (652 chars)

    Charming corner-lot home ready for its next owner! This 3-bedroom, 1-bath property also features a versatile bonus room, offering flexibility for a home office, playroom, or additional living space. With great potential for both homeowners and investors, this property presents an excellent opportunity to add value. The home does require updates, including new flooring, sheetrock repairs, fresh interior paint, and repair of a freon leak in the A/C system. The A/C unit remains under warranty, providing added peace of mind. Sold as-is, this property is great for those looking to customize and make it their own or invest in a promising opportunity.

21. 2026-04-30
    price $154,500 652-char remark

    Show marketing remark (652 chars)

    Charming corner-lot home ready for its next owner! This 3-bedroom, 1-bath property also features a versatile bonus room, offering flexibility for a home office, playroom, or additional living space. With great potential for both homeowners and investors, this property presents an excellent opportunity to add value. The home does require updates, including new flooring, sheetrock repairs, fresh interior paint, and repair of a freon leak in the A/C system. The A/C unit remains under warranty, providing added peace of mind. Sold as-is, this property is great for those looking to customize and make it their own or invest in a promising opportunity.

22. 2026-03-14
    listed $155,000 Active 652-char remark

    Show marketing remark (652 chars)

    Charming corner-lot home ready for its next owner! This 3-bedroom, 1-bath property also features a versatile bonus room, offering flexibility for a home office, playroom, or additional living space. With great potential for both homeowners and investors, this property presents an excellent opportunity to add value. The home does require updates, including new flooring, sheetrock repairs, fresh interior paint, and repair of a freon leak in the A/C system. The A/C unit remains under warranty, providing added peace of mind. Sold as-is, this property is great for those looking to customize and make it their own or invest in a promising opportunity.

23. 2026-03-14
    listed $155,000 Active 652-char remark

    Show marketing remark (652 chars)

    Charming corner-lot home ready for its next owner! This 3-bedroom, 1-bath property also features a versatile bonus room, offering flexibility for a home office, playroom, or additional living space. With great potential for both homeowners and investors, this property presents an excellent opportunity to add value. The home does require updates, including new flooring, sheetrock repairs, fresh interior paint, and repair of a freon leak in the A/C system. The A/C unit remains under warranty, providing added peace of mind. Sold as-is, this property is great for those looking to customize and make it their own or invest in a promising opportunity.

24. 2022-05-05
    soldstatus $135,000
25. 2022-05-04
    soldstatus Sold
26. 2022-05-04
    soldstatus $135,000 Closed
27. 2022-04-02
    status Pending
28. 2022-04-02
    status Pending
29. 2022-03-30
    status Active
30. 2022-03-30
    status Active
31. 2021-11-09
    status Pending
32. 2021-10-30
    status Pending
33. 2021-10-27
    listed $130,000 Active
34. 2021-10-27
    listed $130,000
35. 2021-10-26
    listed $130,000
36. 2021-10-26
    listed $130,000 Active
37. 1988-01-26
    soldstatus $8,000

ⓘ 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: $718 · $60/mo
• Projected year-2 tax: $742 · $62/mo
• Expected delta: +$25/yr (+$2/mo · 3.4%)

ⓘ 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 · 21 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: $18,203
• − Mortgage interest: −$7,562
• − Property taxes: −$718
• − Insurance: −$675
• − Repairs & maintenance: −$1,456
• − Management: −$1,456
• − Depreciation: −$3,927
• Taxable income: $2,408
• Est. tax owed @ 24.0%: −$578
• After-tax cash flow: $3,914/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

+1587.5% since first listed

20 events — show timeline

• 2026-05-06 Price Changed $135,000 AcadianaMLS
• 2026-05-05 Price Changed $135,000 GSREIN
• 2026-05-01 Price Changed $154,500 AcadianaMLS
• 2026-04-30 Price Changed $154,500 GSREIN
• 2026-03-14 Listed $155,000 GSREIN
• 2026-03-14 Listed $155,000 AcadianaMLS
• 2022-05-05 Sold (Public Records) $135,000 Public Records
• 2022-05-04 Sold (MLS) $135,000 GSREIN
• 2022-05-04 Sold (MLS) — GBRMLS
• 2022-04-02 Pending — GBRMLS
• 2022-04-02 Pending — GSREIN
• 2022-03-30 Relisted — GBRMLS
• 2022-03-30 Relisted — GSREIN
• 2021-11-09 Pending — GBRMLS
• 2021-10-30 Pending — GSREIN
• 2021-10-27 Listed $130,000 AcadianaMLS
• 2021-10-27 Listed $130,000 GBRMLS
• 2021-10-26 Listed $130,000 GSREIN
• 2021-10-26 Listed $130,000 AcadianaMLS
• 1988-01-26 Sold (Public Records) $8,000 Public Records

Property tax history

+0.2%/yr

Latest (2025): $718 · +0.9% YoY. Source: county tax records.