344 Silverstone Cir · Ponchatoula, LA 70454

$230,000

3 bd · 2.0 ba · 1,655 sqft · SingleFamily public records · 74 Days on market

Built 2006 0.26 ac lot $139/sqft · 5% below area Est $243k · 5% under

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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 +14.3/30.0
• ARV discount +9.9/15.0
• DSCR +4.3/10.0
• Livability +3.4/5.0
• 1% rule +2.8/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 2-bath home nestled in a quiet, one-street neighborhood! This inviting property features a spacious open floor plan perfect for both everyday living and entertaining. Enjoy a private, fully fenced backyard that is ideal for pets, gatherings, or relaxing evenings outdoors. Inside, you'll find durable, low-maintenance flooring throughout with no carpet for easy upkeep. Conveniently located just minutes from the hospital, interstate access, grocery stores, restaurants, and schools, this home offers the perfect balance of comfort and accessibility. Whether you're a first-time buyer or looking to downsize, this move-in-ready home checks all the boxes! Roof replaced in 2021, new A/C in 2022, new water heater in 2023.

Key facts

• 0.26 acre lot
• Garage
• Built 2006

Tags

• PRIVATE FULLY FENCED BACKYARD
• LOW MAINTENANCE FLOORING
• MINUTES FROM HOSPITAL
• MINUTES FROM INTERSTATE ACCESS
• MINUTES FROM GROCERY STORES
• MINUTES FROM RESTAURANTS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $40 ($485/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (21.5% below list).
• Recommended offer: $180k (21.5% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 5.2% in Ponchatoula — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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.
• Zoned schools: Tucker Memorial Elementary School (709 students, 67% FRL); Ponchatoula Junior High School (math 18% / reading 37%, grade F, #127 of 218 statewide, top 60%, 770 students, 60% FRL); Ponchatoula High School (math 29% / reading 40%, grade F, #106 of 265 statewide, top 43%, 2,262 students, 51% FRL).
• Market conditions: Rents flat; 536 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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 30% of the median local income ($72k/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 $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 74 days — a 6% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $168k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $180,467 (21.5% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 22% 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 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?
5. 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?
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: 0.78% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.75%
• DSCR: 1.03
• GRM: 10.6

CMA / ARV

• ARV (median comp): $243,233
• List price: $230,000
• Delta: -5.44%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
457 Silverstone Cir	0.10mi	4/2.0 (+1)	1,650 (-0%)	16mo	$239,000	$145	76
193 Marionbelle Dr	0.43mi	3/2.0	1,718 (+4%)	5mo	$270,000	$157	69
193 Chevrolet St	0.25mi	3/2.0	1,496 (-10%)	4mo	$150,000	$100	69
455 S 5th St	0.60mi	3/2.0	1,620 (-2%)	12mo	$287,000	$177	59
290 Blakemore Dr	0.41mi	3/2.0	1,811 (+9%)	9mo	$269,000	$149	58
205 S 2nd St	0.39mi	2/2.0 (-1)	1,475 (-11%)	1mo	$235,000	$159	58
150 Manor Dr	0.46mi	4/2.0 (+1)	1,585 (-4%)	12mo	$194,000	$122	57
187 Marionbelle Dr	0.43mi	3/2.0	1,451 (-12%)	4mo	$253,900	$175	56
565 S 4th St	0.51mi	3/2.0	1,541 (-7%)	14mo	$264,000	$171	54
585 South Fifth St	0.60mi	2/1.0 (-1)	1,607 (-3%)	15mo	$206,000	$128	46
983 Weinberger Trce	0.60mi	3/2.0	1,890 (+14%)	11mo	$260,000	$138	39
245 E Oak St	0.59mi	4/3.0 (+1)	1,856 (+12%)	9mo	$240,000	$129	36

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: -17.5%
• Equity multiple: 0.40×
• Total profit: $-38,945
• Equity at exit: $34,294

10-year hold

• IRR: -14.0%
• Equity multiple: 0.27×
• Total profit: $-47,254
• Equity at exit: $19,886

Cash invested: $64,400 (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: 536
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,805 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$83 /mo · $999/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $40

Break-even live

Break-even rent $1,753

Max offer price $230,000

Occupancy floor 93%

Sensitivity live

Price	-10% $171	-5% $106	+0% $40	+5% $-25	+10% $-90
Rent	-10% $-102	-5% $-31	+0% $40	+5% $112	+10% $183
Rate	-1.0pp $156	-0.5pp $99	base $40	+0.5pp $-19	+1.0pp $-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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
332 Silverstone Cir Ponchatoula, LA	4.0	2.0	1785	$1,850	$1.04	46d	1	0.08mi
470 S 2nd St Ponchatoula, LA	3.0	2.0	1650	$1,400	$0.85	46d	1	0.25mi
335 N Baronne St Ponchatoula, LA	3.0	2.0	1699	$1,450	$0.85	46d	1	0.62mi
816 Decatur St Unit A Ponchatoula, LA	3.0	2.0	1567	$1,850	$1.18	46d	1	0.72mi
39329 Brookfield Dr Ponchatoula, LA	3.0	2.0	1385	$2,000	$1.44	46d	1	0.79mi
101 Village Oaks Blvd Unit B Ponchatoula, LA	3.0	2.0	1921	$1,800	$0.94	46d	1	0.85mi
18158-0 Logan Ct Ponchatoula, LA	4.0	2.0	2079	$2,000	$0.96	16d	1	1.04mi
523 W Magnolia St Ponchatoula, LA	2.0	2.0	1114	$1,700	$1.53	25d	1	1.12mi

Listing history 28 events

1. 2026-06-23
   days on market $230,000 Active 74 DOM
2. 2026-06-21
   days on market $230,000 Active 73 DOM
3. 2026-06-19
   days on market $230,000 Active 71 DOM
4. 2026-06-18
   days on market $230,000 Active 70 DOM
5. 2026-06-17
   days on market $230,000 Active 69 DOM
6. 2026-06-16
   days on market $230,000 Active 68 DOM
7. 2026-06-15
   days on market $230,000 Active 67 DOM
8. 2026-06-14
   days on market $230,000 Active 65 DOM
9. 2026-06-13
   days on market $230,000 Active 64 DOM
10. 2026-06-10
    days on market $230,000 Active 62 DOM
11. 2026-06-09
    days on market $230,000 Active 61 DOM
12. 2026-06-08
    days on market $230,000 Active 60 DOM
13. 2026-06-07
    days on market $230,000 Active 59 DOM
14. 2026-06-05
    days on market $230,000 Active 56 DOM
15. 2026-06-03
    days on market $230,000 Active 55 DOM
16. 2026-06-02
    days on market $230,000 Active 54 DOM
17. 2026-06-01
    days on market $230,000 Active 53 DOM
18. 2026-05-31
    days on market $230,000 Active 52 DOM
19. 2026-05-30
    days on market $230,000 Active 51 DOM
20. 2026-05-06
    price $240,000 740-char remark

    Show marketing remark (746 chars)

    Charming 3-bedroom, 2-bath home nestled in a quiet, one-street neighborhood! This inviting property features a spacious open floor plan perfect for both everyday living and entertaining. Enjoy a private, fully fenced backyard that is ideal for pets, gatherings, or relaxing evenings outdoors. Inside, you’ll find durable, low-maintenance flooring throughout with no carpet for easy upkeep. Conveniently located just minutes from the hospital, interstate access, grocery stores, restaurants, and schools, this home offers the perfect balance of comfort and accessibility. Whether you're a first-time buyer or looking to downsize, this move-in-ready home checks all the boxes! Roof replaced in 2021, new A/C in 2022, new water heater in 2023.

21. 2026-05-06
    price $240,000 746-char remark

    Show marketing remark (746 chars)

    Charming 3-bedroom, 2-bath home nestled in a quiet, one-street neighborhood! This inviting property features a spacious open floor plan perfect for both everyday living and entertaining. Enjoy a private, fully fenced backyard that is ideal for pets, gatherings, or relaxing evenings outdoors. Inside, you’ll find durable, low-maintenance flooring throughout with no carpet for easy upkeep. Conveniently located just minutes from the hospital, interstate access, grocery stores, restaurants, and schools, this home offers the perfect balance of comfort and accessibility. Whether you're a first-time buyer or looking to downsize, this move-in-ready home checks all the boxes! Roof replaced in 2021, new A/C in 2022, new water heater in 2023.

22. 2026-04-08
    listed $250,000 Active 740-char remark

    Show marketing remark (746 chars)

    Charming 3-bedroom, 2-bath home nestled in a quiet, one-street neighborhood! This inviting property features a spacious open floor plan perfect for both everyday living and entertaining. Enjoy a private, fully fenced backyard that is ideal for pets, gatherings, or relaxing evenings outdoors. Inside, you’ll find durable, low-maintenance flooring throughout with no carpet for easy upkeep. Conveniently located just minutes from the hospital, interstate access, grocery stores, restaurants, and schools, this home offers the perfect balance of comfort and accessibility. Whether you're a first-time buyer or looking to downsize, this move-in-ready home checks all the boxes! Roof replaced in 2021, new A/C in 2022, new water heater in 2023.

23. 2026-04-08
    listed $250,000 Active 746-char remark

    Show marketing remark (746 chars)

    Charming 3-bedroom, 2-bath home nestled in a quiet, one-street neighborhood! This inviting property features a spacious open floor plan perfect for both everyday living and entertaining. Enjoy a private, fully fenced backyard that is ideal for pets, gatherings, or relaxing evenings outdoors. Inside, you’ll find durable, low-maintenance flooring throughout with no carpet for easy upkeep. Conveniently located just minutes from the hospital, interstate access, grocery stores, restaurants, and schools, this home offers the perfect balance of comfort and accessibility. Whether you're a first-time buyer or looking to downsize, this move-in-ready home checks all the boxes! Roof replaced in 2021, new A/C in 2022, new water heater in 2023.

24. 2006-11-13
    soldstatus $168,000
25. 2006-11-09
    soldstatus $168,000
26. 2006-04-17
    listed $168,000
27. 2006-04-17
    listed $168,000
28. 1999-12-28
    soldstatus

ⓘ 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: $999 · $83/mo
• Projected year-2 tax: $1,265 · $105/mo
• Expected delta: +$266/yr (+$22/mo · 26.6%)

ⓘ 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 3/10 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: $21,656
• − Mortgage interest: −$12,884
• − Property taxes: −$999
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,732
• − Management: −$1,732
• − Depreciation: −$6,691
• Taxable loss: −$3,533
• Est. tax savings @ 24.0%: +$848
• After-tax cash flow: $1,333/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

+42.9% since first listed

9 events — show timeline

• 2026-05-06 Price Changed $240,000 AcadianaMLS
• 2026-05-06 Price Changed $240,000 GSREIN
• 2026-04-08 Listed $250,000 GSREIN
• 2026-04-08 Listed $250,000 AcadianaMLS
• 2006-11-13 Sold (Public Records) $168,000 Public Records
• 2006-11-09 Sold (MLS) $168,000 GSREIN
• 2006-04-17 Listed $168,000 AcadianaMLS
• 2006-04-17 Listed $168,000 GSREIN
• 1999-12-28 Sold (Public Records) — Public Records

Property tax history

-1.3%/yr

Latest (2025): $999 · +1.5% YoY. Source: county tax records.