110 Wells Dr · Hammond, LA 70403

$72,900

3 bd · 2.0 ba · 1,212 sqft · SingleFamily public records · 77 Days on market

Built 1980 7,405 sqft lot Est $139k · 48% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

3 Bedroom / 1 Bath home located in the heart of Hammond along a dead-end street. The exterior is all brick and there is a covered parking for 1 vehicle, including storage shed. The lot is spacious and extends back 170'. The location is proximate to downtown, shopping, restaurants and more. This opportunity won't last long! Call your agent today to schedule a private showing.

Key facts

• Covered parking
• Spacious lot
• All brick exterior

Tags

• ALL BRICK EXTERIOR
• COVERED PARKING
• SPACIOUS LOT
• PROXIMATE TO DOWNTOWN

Property features AI

Exterior

• Parking: One parking space
• Utilities: Public water; Public sewer
• Home design: Single-story; Brick construction; Slab foundation; Asphalt roof
• Construction: Built with brick; Asphalt roof; Slab foundation
• Exterior features: City lot; Rectangular lot; Lot dimensions 47 x 170

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Total of 6 rooms; Average condition

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $73k.

Deal economics

• At list price, monthly cash flow is $610 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $73k).
• Recommended offer: $69k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.3% 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; 16 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 32% 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 $504 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.3% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $23k (24%) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,526 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% 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: 1.85% ✓
• Cap rate: 16.33%
• Cash-on-cash: 35.86%
• DSCR: 2.60
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $139,380
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
110 Wells Dr	0.00mi	3/2.0	1,237 (+2%)	1mo	$70,000	$57	96
1010 W Charles St	0.68mi	3/2.0	1,190 (-2%)	1mo	$182,000	$153	64
207 Dixie Dr	0.50mi	3/1.0	1,155 (-5%)	1mo	$80,000	$69	64
1323 Smith Sq	0.58mi	3/1.5	1,300 (+7%)	6mo	$150,000	$115	54
1102 Mooney Ave	0.41mi	3/1.0	1,260 (+4%)	22mo	$80,000	$63	52
305 Maple St	0.61mi	3/1.5	1,267 (+4%)	18mo	$175,000	$138	47
307 S Linden St	0.72mi	2/1.0 (-1)	1,273 (+5%)	15mo	$45,000	$35	37
1000 W Charles St	0.74mi	3/1.0	1,300 (+7%)	20mo	$210,000	$162	33
1003 W Charles St	0.70mi	2/1.5 (-1)	1,120 (-8%)	23mo	$183,000	$163	29

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: 28.6%
• Equity multiple: 2.15×
• Total profit: $23,492
• Equity at exit: $10,870

10-year hold

• IRR: 34.5%
• Equity multiple: 3.78×
• Total profit: $56,693
• Equity at exit: $6,303

Cash invested: $20,412 (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: 4.5×

Monthly cashflow live

• Estimated rent: $1,352 high
• Mortgage (P&I): −$382
• Tax from tax record: −$45 /mo · $540/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $610

Break-even live

Break-even rent $579

Max offer price $72,900

Occupancy floor 50%

Sensitivity live

Price	-10% $651	-5% $631	+0% $610	+5% $589	+10% $569
Rent	-10% $503	-5% $557	+0% $610	+5% $663	+10% $717
Rate	-1.0pp $647	-0.5pp $629	base $610	+0.5pp $591	+1.0pp $572

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: $18,225
• Closing costs: $2,187
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 Dixie Dr Hammond, LA	3.0	1.0	1100	$1,150	$1.05	45d	1	0.53mi
204 W Clark St Hammond, LA	2.0	1.0	840	$900	$1.07	45d	1	0.60mi
207 S Laurel St Unit B Hammond, LA	3.0	2.0	1100	$1,350	$1.23	45d	1	0.67mi
2617 Rue Saint Martin Hammond, LA	2.0	1.5	1399	$1,000	$0.71	45d	1	0.68mi
606 Rue Saint Martin Unit B Hammond, LA	2.0	1.5	1100	$900	$0.82	45d	1	0.77mi
308 Alexander Dr Hammond, LA	3.0	2.0	1193	$1,390	$1.17	45d	1	1.06mi
1002 S Pine St Hammond, LA	3.0	2.5	1324	$1,500	$1.13	45d	1	1.07mi
1600 Bauerle Rd Hammond, LA	1.0–2.0	1.0–2.0	884	$1,751	$1.98	45d	4	1.14mi
221 W Thomas St Unit A Hammond, LA	3.0	1.0	1400	$2,050	$1.46	45d	1	1.16mi
1407 Hooks Dr Unit B Hammond, LA	2.0	1.0	838	$1,000	$1.19	45d	1	1.22mi
309 Hewitt Rd Unit B Hammond, LA	2.0	1.0	806	$1,350	$1.67	45d	1	1.23mi
44051 Stein Rd Unit 2 Hammond, LA	2.0	1.5	1085	$875	$0.81	45d	1	1.23mi
1211 Western Ave Hammond, LA	4.0	2.0	1400	$1,600	$1.14	45d	1	1.29mi
1815 Western Ave Unit 7 Hammond, LA	2.0	1.0	875	$950	$1.09	45d	1	1.30mi
100 S Cypress St Hammond, LA	2.0	2.5	1100	$1,750	$1.59	45d	1	1.37mi
402 S Cherry St Hammond, LA	3.0	2.0	1400	$1,700	$1.21	45d	1	1.39mi

Listing history 14 events

1. 2026-04-30
   status Pending 377-char remark

   Show marketing remark (377 chars)

   3 Bedroom / 1 Bath home located in the heart of Hammond along a dead-end street. The exterior is all brick and there is a covered parking for 1 vehicle, including storage shed. The lot is spacious and extends back 170'. The location is proximate to downtown, shopping, restaurants and more. This opportunity won't last long! Call your agent today to schedule a private showing.

2. 2026-04-30
   status Pending

   Show marketing remark (377 chars)

   3 Bedroom / 1 Bath home located in the heart of Hammond along a dead-end street. The exterior is all brick and there is a covered parking for 1 vehicle, including storage shed. The lot is spacious and extends back 170'. The location is proximate to downtown, shopping, restaurants and more. This opportunity won't last long! Call your agent today to schedule a private showing.

3. 2026-04-29
   price $72,900 377-char remark

   Show marketing remark (377 chars)

   3 Bedroom / 1 Bath home located in the heart of Hammond along a dead-end street. The exterior is all brick and there is a covered parking for 1 vehicle, including storage shed. The lot is spacious and extends back 170'. The location is proximate to downtown, shopping, restaurants and more. This opportunity won't last long! Call your agent today to schedule a private showing.

4. 2026-04-28
   price $72,900
5. 2026-03-28
   price $79,900 377-char remark

   Show marketing remark (377 chars)

   3 Bedroom / 1 Bath home located in the heart of Hammond along a dead-end street. The exterior is all brick and there is a covered parking for 1 vehicle, including storage shed. The lot is spacious and extends back 170'. The location is proximate to downtown, shopping, restaurants and more. This opportunity won't last long! Call your agent today to schedule a private showing.

6. 2026-03-28
   price $79,900

   Show marketing remark (377 chars)

   3 Bedroom / 1 Bath home located in the heart of Hammond along a dead-end street. The exterior is all brick and there is a covered parking for 1 vehicle, including storage shed. The lot is spacious and extends back 170'. The location is proximate to downtown, shopping, restaurants and more. This opportunity won't last long! Call your agent today to schedule a private showing.

7. 2026-02-10
   listed $95,900 Active 377-char remark

   Show marketing remark (377 chars)

   3 Bedroom / 1 Bath home located in the heart of Hammond along a dead-end street. The exterior is all brick and there is a covered parking for 1 vehicle, including storage shed. The lot is spacious and extends back 170'. The location is proximate to downtown, shopping, restaurants and more. This opportunity won't last long! Call your agent today to schedule a private showing.

8. 2026-02-10
   listed $95,900 Active

   Show marketing remark (377 chars)

   3 Bedroom / 1 Bath home located in the heart of Hammond along a dead-end street. The exterior is all brick and there is a covered parking for 1 vehicle, including storage shed. The lot is spacious and extends back 170'. The location is proximate to downtown, shopping, restaurants and more. This opportunity won't last long! Call your agent today to schedule a private showing.

9. 2024-07-09
   price $115,900
10. 2024-04-17
    listed $115,900 Active
11. 2022-12-07
    listed $125,000
12. 2007-03-27
    soldstatus $72,000
13. 2005-06-06
    soldstatus $55,000
14. 2004-12-30
    soldstatus $32,735

ⓘ 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: $540 · $45/mo
• Projected year-2 tax: $540 · $45/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 2/10 Low
• 🌡 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: $16,218
• − Mortgage interest: −$4,084
• − Property taxes: −$540
• − Insurance: −$364
• − Repairs & maintenance: −$1,297
• − Management: −$1,297
• − Depreciation: −$2,121
• Taxable income: $6,514
• Est. tax owed @ 24.0%: −$1,563
• After-tax cash flow: $5,756/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

• Census place: Hammond, LA
• 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

+122.7% since first listed

14 events — show timeline

• 2026-04-30 Pending — AcadianaMLS
• 2026-04-30 Pending — GSREIN
• 2026-04-29 Price Changed $72,900 AcadianaMLS
• 2026-04-28 Price Changed $72,900 GSREIN
• 2026-03-28 Price Changed $79,900 AcadianaMLS
• 2026-03-28 Price Changed $79,900 GSREIN
• 2026-02-10 Listed $95,900 GSREIN
• 2026-02-10 Listed $95,900 AcadianaMLS
• 2024-07-09 Price Changed $115,900 GSREIN
• 2024-04-17 Listed $115,900 AcadianaMLS
• 2022-12-07 Listed $125,000 AcadianaMLS
• 2007-03-27 Sold (Public Records) $72,000 Public Records
• 2005-06-06 Sold (Public Records) $55,000 Public Records
• 2004-12-30 Sold (Public Records) $32,735 Public Records

Property tax history

+0.0%/yr

Latest (2025): $540 · +0.5% YoY. Source: county tax records.