43169 Hinson Rd · Hammond, LA 70403

$150,000

4 bd · 2.0 ba · 1,723 sqft · Land · 209 Days on market

Built 1998 0.92 ac lot $87/sqft · 34% below area Est $228k · 34% 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 +26.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +7.1/10.0
• 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

Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you've always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you're looking for a project with strong upside in a fantastic area -- this one is ready for transformation! ***OR***The seller is willing to renovate the home using the buyer's chosen finishes and design selections at the buyer's cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

Key facts

• Large 1 acre lot
• 0.92 acre lot
• Built 1998

Tags

• LARGE 1 ACRE LOT
• NOT LOCATED IN A FLOOD ZONE
• CONVENIENT PROXIMITY TO DINING
• EASY ACCESS TO MAJOR HIGHWAYS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $150k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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; 1 comparable units currently listed for rent nearby; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
• This rent runs 43% 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 $1k 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 209 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 2y ago; this cycle's ask is 88% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $25k; list at $150k implies a 500% 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 209 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.21% ✓
• Cap rate: 9.42%
• Cash-on-cash: 11.18%
• DSCR: 1.50
• GRM: 6.9

CMA / ARV

• ARV (median comp): $227,626
• List price: $150,000
• Delta: -34.10%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.33% rent growth · sell at horizon

5-year hold

• IRR: -2.7%
• Equity multiple: 0.90×
• Total profit: $-4,078
• Equity at exit: $22,365

10-year hold

• IRR: 3.8%
• Equity multiple: 1.24×
• Total profit: $10,263
• Equity at exit: $12,969

Cash invested: $42,000 (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 70403

• Home prices YoY: -34.1%
• Rents YoY: 0.3%
• Active inventory: 329
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,808 medium
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $391

Break-even live

Break-even rent $1,312

Max offer price $150,000

Occupancy floor 73%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12492 Morgan Creek Ln Unit B Hammond, LA	3.0	2.0	1452	$1,950	$1.34	23d	1	0.46mi

Listing history 29 events

1. 2026-06-17
   days on market $150,000 Active 209 DOM
2. 2026-06-16
   days on market $150,000 Active 208 DOM
3. 2026-06-15
   days on market $150,000 Active 207 DOM
4. 2026-06-14
   days on market $150,000 Active 205 DOM
5. 2026-06-13
   days on market $150,000 Active 204 DOM
6. 2026-06-10
   days on market $150,000 Active 202 DOM
7. 2026-06-09
   days on market $150,000 Active 201 DOM
8. 2026-06-08
   days on market $150,000 Active 200 DOM
9. 2026-06-07
   days on market $150,000 Active 199 DOM
10. 2026-06-05
    days on market $150,000 Active 196 DOM
11. 2026-06-03
    days on market $150,000 Active 195 DOM
12. 2026-06-02
    days on market $150,000 Active 194 DOM
13. 2026-06-01
    days on market $150,000 Active 193 DOM
14. 2026-05-31
    days on market $150,000 Active 192 DOM
15. 2026-05-30
    days on market $150,000 Active 191 DOM
16. 2026-05-18
    status Active 1062-char remark

    Show marketing remark (1104 chars)

    Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you’ve always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you’re looking for a project with strong upside in a fantastic area — this one is ready for transformation! * * * OR * * * The seller is willing to renovate the home using the buyer’s chosen finishes and design selections at the buyer’s cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

17. 2026-05-18
    status Active 1104-char remark

    Show marketing remark (1104 chars)

    Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you’ve always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you’re looking for a project with strong upside in a fantastic area — this one is ready for transformation! * * * OR * * * The seller is willing to renovate the home using the buyer’s chosen finishes and design selections at the buyer’s cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

18. 2026-04-16
    price $150,000 1062-char remark

    Show marketing remark (1104 chars)

    Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you’ve always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you’re looking for a project with strong upside in a fantastic area — this one is ready for transformation! * * * OR * * * The seller is willing to renovate the home using the buyer’s chosen finishes and design selections at the buyer’s cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

19. 2026-04-16
    price $150,000 1104-char remark

    Show marketing remark (1104 chars)

    Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you’ve always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you’re looking for a project with strong upside in a fantastic area — this one is ready for transformation! * * * OR * * * The seller is willing to renovate the home using the buyer’s chosen finishes and design selections at the buyer’s cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

20. 2026-01-06
    price $120,000 1062-char remark

    Show marketing remark (1104 chars)

    Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you’ve always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you’re looking for a project with strong upside in a fantastic area — this one is ready for transformation! * * * OR * * * The seller is willing to renovate the home using the buyer’s chosen finishes and design selections at the buyer’s cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

21. 2026-01-06
    price $120,000 1104-char remark

    Show marketing remark (1104 chars)

    Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you’ve always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you’re looking for a project with strong upside in a fantastic area — this one is ready for transformation! * * * OR * * * The seller is willing to renovate the home using the buyer’s chosen finishes and design selections at the buyer’s cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

22. 2025-11-05
    listed $80,000 Active 1062-char remark

    Show marketing remark (1104 chars)

    Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you’ve always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you’re looking for a project with strong upside in a fantastic area — this one is ready for transformation! * * * OR * * * The seller is willing to renovate the home using the buyer’s chosen finishes and design selections at the buyer’s cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

23. 2025-11-05
    listed $80,000 Active 1104-char remark

    Show marketing remark (1104 chars)

    Investor Special with Incredible Potential! Situated on a large 1-acre lot in a great location, this property offers a rare opportunity for investors, builders, and visionaries. The home sustained fire damage, but has been gutted, cleaned and structurally repaired, including a new roof, new septic system, and new windows being installed soon! With ample space to expand or redesign, you can create the layout and finishes you’ve always envisioned. Enjoy peace of mind knowing the property is not located in a flood zone, and take advantage of the convenient proximity to local schools, shopping, dining, and easy access to major highways. If you’re looking for a project with strong upside in a fantastic area — this one is ready for transformation! * * * OR * * * The seller is willing to renovate the home using the buyer’s chosen finishes and design selections at the buyer’s cost, giving you the flexibility to customize your future home without managing the project yourself. Ask the listing agent about renovation loan options to help bring your plans to life!

24. 2025-03-31
    soldstatus $25,000 Closed
25. 2025-02-24
    status Pending
26. 2025-01-27
    listed $19,900 Active
27. 2025-01-27
    listed $19,900 Active
28. 2024-09-26
    listed $19,900 Active
29. 2024-08-02
    listed $19,900

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 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: $21,692
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$1,735
• − Management: −$1,735
• − Depreciation: −$4,364
• Taxable income: $2,455
• Est. tax owed @ 24.0%: −$589
• After-tax cash flow: $4,108/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

+653.8% since first listed

14 events — show timeline

• 2026-05-18 Relisted — AcadianaMLS
• 2026-05-18 Relisted — GBRMLS
• 2026-04-16 Price Changed $150,000 AcadianaMLS
• 2026-04-16 Price Changed $150,000 GBRMLS
• 2026-01-06 Price Changed $120,000 AcadianaMLS
• 2026-01-06 Price Changed $120,000 GBRMLS
• 2025-11-05 Listed $80,000 GBRMLS
• 2025-11-05 Listed $80,000 AcadianaMLS
• 2025-03-31 Sold (MLS) $25,000 GSREIN
• 2025-02-24 Pending — GSREIN
• 2025-01-27 Listed $19,900 GSREIN
• 2025-01-27 Listed $19,900 AcadianaMLS
• 2024-09-26 Listed $19,900 AcadianaMLS
• 2024-08-02 Listed $19,900 AcadianaMLS

Property tax history

-16.9%/yr

Latest (2025): $99 · -90.5% YoY. Source: county tax records.