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40551 Cara Mae St
D- Composite 37.52
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).

  • ARV discount +13.1/15.0
  • Cash flow +7.5/30.0
  • Condition / age +4.0/5.0
  • Livability +3.4/5.0
  • Schools +3.0/10.0
  • Rent growth +2.7/5.0
  • 1% rule +2.4/10.0
  • DSCR +1.6/10.0
  • Appreciation +0.0/10.0

$254,900

40551 Cara Mae St · Ponchatoula, LA 70454
4 bd · 2.0 ba · 2,045 sqft · SingleFamily · 28 Days on market
Built 2026 Good condition 6,011 sqft lot Garage $125/sqft · 12% below area Est $291k · 12% under $42/mo HOA · 2% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to The Bay Leaf, a beautifully designed single-story new construction home offering 4 bedrooms, 2 bathrooms, and a 1-car garage across 1,576 square feet of comfortable, thoughtfully planned living space. Designed for modern living, this open-concept floor plan is perfect for families, entertainers, first-time buyers, and anyone searching for a functional and stylish home in Bonterra, Slidell, LA. Step inside from the covered front porch into a welcoming foyer with convenient access to the laundry room. The Bay Leaf opens into a bright, flowing layout where the kitchen, dining, and living room come together seamlessly, creating the ideal space for everyday living and gathering with friends and family. The modern kitchen features a spacious island overlooking the living area, a walk-in pantry, and easy access to the dining room. Homebuyers will love the stainless steel appliances, including a stove, microwave hood, and dishwasher, paired with beautiful 3 cm granite countertops throughout, adding durability, style, and value. The primary bedroom suite, located privately toward the rear of the home, offers a relaxing retreat complete with a large walk-in closet and a well-appointed bathroom with dual-sink vanity and linen storage. Three additional secondary bedrooms are thoughtfully positioned throughout the home, providing flexibility for children's rooms, guest space, home office needs, or hobby areas, all supported by a conveniently located second full bathroom. A covered back patio extends your living space outdoors, perfect for enjoying quiet mornings, weekend grilling, or evening relaxation. With its smart layout, efficient design, and well-balanced living areas, The Bay Leaf delivers comfort and convenience in every square foot. Whether you're growing, downsizing, or simply looking for a beautifully designed new home, The Bay Leaf is a top choice for buyers searching for quality, value, and modern living in Slidell, LA. Explore The Bay Leaf today and discover why this versatile, family-friendly floor plan continues to be a favorite among new homebuyers. Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

Key facts

  • Modern kitchen
  • Granite countertops
  • Walk-in pantry

Tags

NEW CONSTRUCTION HOMEOPEN-CONCEPT FLOOR PLANMODERN KITCHENWALK-IN PANTRYSTAINLESS STEEL APPLIANCESGRANITE COUNTERTOPS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
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What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $255k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-321 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $208k (18.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (26.4% below list).
  • Recommended offer: $188k (26.4% below list) — sets the bar for 1% rule.

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; 709 active listings in the ZIP; 1,085 units permitted in Tangipahoa Parish in 2024 (378 in 5+ unit buildings).
  • This rent runs 31% 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 $8k 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 28 days — a 2% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts 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.
Recommended offer $187,690 (26.4% 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 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
0.74%
Cap rate
4.78%
Cash-on-cash
-5.39%
DSCR
0.76
GRM
11.3

CMA / ARV

ARV (median comp)
$290,922
List price
$254,900
Delta
-12.38%
Verdict
UNDERPRICED
Comps
14 within 1.0 mi
Show comp detail 10 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
40689 Cara Mae St 0.00mi 4/2.0 2,045 (0%) 1mo $294,900 $144 99
40697 Cara Mae St 0.00mi 4/2.0 2,045 (0%) 2mo $303,655 $148 98
40551 Cara Mae St 0.00mi 4/2.0 2,045 (0%) 3mo $254,900 $125 97
40677 Cara Mae St 0.00mi 4/2.0 1,819 (-11%) 2mo $285,900 $157 80
40681 Cara Mae St 0.00mi 4/2.0 1,819 (-11%) 4mo $280,900 $154 78
40690 Cara Mae St 0.00mi 4/2.0 1,819 (-11%) 6mo $287,900 $158 77
40582 Cara Mae St 0.00mi 4/2.0 1,819 (-11%) 7mo $290,555 $160 75
40423 Cara Mae Dr E 0.00mi 4/2.0 1,819 (-11%) 14mo $279,900 $154 70
60815 Roe Dr 0.00mi 4/2.0 1,819 (-11%) 17mo $287,440 $158 67
60826 Roe Dr E 0.00mi 4/2.0 1,819 (-11%) 18mo $289,900 $159 66

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
-28.2%
Equity multiple
0.08×
Total profit
$-66,001
Equity at exit
$38,006
10-year hold
IRR
-39.5%
Equity multiple
-0.41×
Total profit
$-100,470
Equity at exit
$22,039

Cash invested: $71,372 (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.
Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
0 active · 8 under contract
Months of supply
0.0 mo

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 70454

Rents YoY
0.7%
Active inventory
709
Price-to-rent
11.3×

Monthly cashflow live

Estimated rent
$1,877 medium interval (Pro) →
Mortgage (P&I)
$1,337
Tax est. 1.5%
$319 /mo · $3,824/yr
Insurance
$106
HOA
$42
Vacancy / Maint / Mgmt
$394
Net cashflow
$-321

Break-even live

Break-even rent $2,283
Max offer price $208,479
Occupancy floor

Sensitivity live

Price -10% $-145 -5% $-233 +0% $-321 +5% $-409 +10% $-497
Rent -10% $-469 -5% $-395 +0% $-321 +5% $-247 +10% $-173
Rate -1.0pp $-192 -0.5pp $-256 base $-321 +0.5pp $-387 +1.0pp $-454

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
$63,725
Closing costs
$7,647
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Property features AI

Finance

Other
Home warranty included
HOA & community
Part of Bonterra HOAAnnual HOA fee of $500

Exterior

Parking
Garage with two parking spaces
Security
Smoke detector(s)
Utilities
Public waterPublic sewer
Home design
Single-storyNew construction (in progress)New construction condition
Construction
Brick and vinyl siding exteriorShingle roofSlab foundationBuilt as new construction
Exterior features
PorchConcrete covered porch

Interior

Kitchen
DishwasherDisposalMicrowaveOvenRangeENERGY STAR qualified appliances
Bedrooms
Total of 7 rooms (includes bedrooms and living spaces)
Bathrooms
2 full bathrooms
Interior features
PantryStone countersStainless steel appliancesSmart home featuresSmoke detector(s)
Laundry & utility
Washer hookupDryer hookup

Listing history 17 events

  1. 2026-06-17
    days on market $254,900 Active 28 DOM
    Show marketing remark (2196 chars)

    Welcome to The Bay Leaf, a beautifully designed single-story new construction home offering 4 bedrooms, 2 bathrooms, and a 1-car garage across 1,576 square feet of comfortable, thoughtfully planned living space. Designed for modern living, this open-concept floor plan is perfect for families, entertainers, first-time buyers, and anyone searching for a functional and stylish home in Bonterra, Slidell, LA. Step inside from the covered front porch into a welcoming foyer with convenient access to the laundry room. The Bay Leaf opens into a bright, flowing layout where the kitchen, dining, and living room come together seamlessly, creating the ideal space for everyday living and gathering with friends and family. The modern kitchen features a spacious island overlooking the living area, a walk-in pantry, and easy access to the dining room. Homebuyers will love the stainless steel appliances, including a stove, microwave hood, and dishwasher, paired with beautiful 3 cm granite countertops throughout, adding durability, style, and value. The primary bedroom suite, located privately toward the rear of the home, offers a relaxing retreat complete with a large walk-in closet and a well-appointed bathroom with dual-sink vanity and linen storage. Three additional secondary bedrooms are thoughtfully positioned throughout the home, providing flexibility for children's rooms, guest space, home office needs, or hobby areas, all supported by a conveniently located second full bathroom. A covered back patio extends your living space outdoors, perfect for enjoying quiet mornings, weekend grilling, or evening relaxation. With its smart layout, efficient design, and well-balanced living areas, The Bay Leaf delivers comfort and convenience in every square foot. Whether you're growing, downsizing, or simply looking for a beautifully designed new home, The Bay Leaf is a top choice for buyers searching for quality, value, and modern living in Slidell, LA. Explore The Bay Leaf today and discover why this versatile, family-friendly floor plan continues to be a favorite among new homebuyers. Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

  2. 2026-06-16
    days on market $254,900 Active 27 DOM
  3. 2026-06-15
    days on market $254,900 Active 26 DOM
    Show marketing remark (2196 chars)

    Welcome to The Bay Leaf, a beautifully designed single-story new construction home offering 4 bedrooms, 2 bathrooms, and a 1-car garage across 1,576 square feet of comfortable, thoughtfully planned living space. Designed for modern living, this open-concept floor plan is perfect for families, entertainers, first-time buyers, and anyone searching for a functional and stylish home in Bonterra, Slidell, LA. Step inside from the covered front porch into a welcoming foyer with convenient access to the laundry room. The Bay Leaf opens into a bright, flowing layout where the kitchen, dining, and living room come together seamlessly, creating the ideal space for everyday living and gathering with friends and family. The modern kitchen features a spacious island overlooking the living area, a walk-in pantry, and easy access to the dining room. Homebuyers will love the stainless steel appliances, including a stove, microwave hood, and dishwasher, paired with beautiful 3 cm granite countertops throughout, adding durability, style, and value. The primary bedroom suite, located privately toward the rear of the home, offers a relaxing retreat complete with a large walk-in closet and a well-appointed bathroom with dual-sink vanity and linen storage. Three additional secondary bedrooms are thoughtfully positioned throughout the home, providing flexibility for children's rooms, guest space, home office needs, or hobby areas, all supported by a conveniently located second full bathroom. A covered back patio extends your living space outdoors, perfect for enjoying quiet mornings, weekend grilling, or evening relaxation. With its smart layout, efficient design, and well-balanced living areas, The Bay Leaf delivers comfort and convenience in every square foot. Whether you're growing, downsizing, or simply looking for a beautifully designed new home, The Bay Leaf is a top choice for buyers searching for quality, value, and modern living in Slidell, LA. Explore The Bay Leaf today and discover why this versatile, family-friendly floor plan continues to be a favorite among new homebuyers. Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

  4. 2026-06-14
    days on market $254,900 Active 24 DOM
  5. 2026-06-13
    days on market $254,900 Active 23 DOM
  6. 2026-06-10
    days on market $254,900 Active 21 DOM
  7. 2026-06-09
    days on market $254,900 Active 20 DOM
  8. 2026-06-08
    days on market $254,900 Active 19 DOM
  9. 2026-06-07
    days on market $254,900 Active 18 DOM
  10. 2026-06-05
    days on market $254,900 Active 15 DOM
  11. 2026-06-03
    days on market $254,900 Active 14 DOM
  12. 2026-06-02
    days on market $254,900 Active 13 DOM
  13. 2026-06-01
    days on market $254,900 Active 12 DOM
  14. 2026-05-31
    days on market $254,900 Active 11 DOM
  15. 2026-05-30
    days on market $254,900 Active 10 DOM
  16. 2026-05-04
    listed $254,900 Active
    Show marketing remark (2196 chars)

    Welcome to The Bay Leaf, a beautifully designed single-story new construction home offering 4 bedrooms, 2 bathrooms, and a 1-car garage across 1,576 square feet of comfortable, thoughtfully planned living space. Designed for modern living, this open-concept floor plan is perfect for families, entertainers, first-time buyers, and anyone searching for a functional and stylish home in Bonterra, Slidell, LA. Step inside from the covered front porch into a welcoming foyer with convenient access to the laundry room. The Bay Leaf opens into a bright, flowing layout where the kitchen, dining, and living room come together seamlessly, creating the ideal space for everyday living and gathering with friends and family. The modern kitchen features a spacious island overlooking the living area, a walk-in pantry, and easy access to the dining room. Homebuyers will love the stainless steel appliances, including a stove, microwave hood, and dishwasher, paired with beautiful 3 cm granite countertops throughout, adding durability, style, and value. The primary bedroom suite, located privately toward the rear of the home, offers a relaxing retreat complete with a large walk-in closet and a well-appointed bathroom with dual-sink vanity and linen storage. Three additional secondary bedrooms are thoughtfully positioned throughout the home, providing flexibility for children's rooms, guest space, home office needs, or hobby areas, all supported by a conveniently located second full bathroom. A covered back patio extends your living space outdoors, perfect for enjoying quiet mornings, weekend grilling, or evening relaxation. With its smart layout, efficient design, and well-balanced living areas, The Bay Leaf delivers comfort and convenience in every square foot. Whether you're growing, downsizing, or simply looking for a beautifully designed new home, The Bay Leaf is a top choice for buyers searching for quality, value, and modern living in Slidell, LA. Explore The Bay Leaf today and discover why this versatile, family-friendly floor plan continues to be a favorite among new homebuyers. Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

  17. 2026-05-04
    listed $254,900 Active 2196-char remark
    Show marketing remark (2196 chars)

    Welcome to The Bay Leaf, a beautifully designed single-story new construction home offering 4 bedrooms, 2 bathrooms, and a 1-car garage across 1,576 square feet of comfortable, thoughtfully planned living space. Designed for modern living, this open-concept floor plan is perfect for families, entertainers, first-time buyers, and anyone searching for a functional and stylish home in Bonterra, Slidell, LA. Step inside from the covered front porch into a welcoming foyer with convenient access to the laundry room. The Bay Leaf opens into a bright, flowing layout where the kitchen, dining, and living room come together seamlessly, creating the ideal space for everyday living and gathering with friends and family. The modern kitchen features a spacious island overlooking the living area, a walk-in pantry, and easy access to the dining room. Homebuyers will love the stainless steel appliances, including a stove, microwave hood, and dishwasher, paired with beautiful 3 cm granite countertops throughout, adding durability, style, and value. The primary bedroom suite, located privately toward the rear of the home, offers a relaxing retreat complete with a large walk-in closet and a well-appointed bathroom with dual-sink vanity and linen storage. Three additional secondary bedrooms are thoughtfully positioned throughout the home, providing flexibility for children's rooms, guest space, home office needs, or hobby areas, all supported by a conveniently located second full bathroom. A covered back patio extends your living space outdoors, perfect for enjoying quiet mornings, weekend grilling, or evening relaxation. With its smart layout, efficient design, and well-balanced living areas, The Bay Leaf delivers comfort and convenience in every square foot. Whether you're growing, downsizing, or simply looking for a beautifully designed new home, The Bay Leaf is a top choice for buyers searching for quality, value, and modern living in Slidell, LA. Explore The Bay Leaf today and discover why this versatile, family-friendly floor plan continues to be a favorite among new homebuyers. Disclaimer: final options, finishes, colors, etc. are subject to change until home is finished.

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$22,523
− Mortgage interest
−$14,278
− Property taxes
−$3,824
− Insurance
−$1,274
− Repairs & maintenance
−$1,802
− Management
−$1,802
− HOA
−$504
− Depreciation
−$7,415
Taxable loss
−$8,376
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,010
After-tax cash flow
$-1,839/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.

Condition & rehab AI · 13 photos

Good 80/100 None rehab

This single-story home is in excellent condition with modern finishes and a well-maintained exterior. It offers a good return on investment with minimal updates needed.

Value-add opportunities

  • Resale Painting exterior brick — Enhances curb appeal
  • Resale Landscaping improvements — Enhances curb appeal
  • Both Add smart home features — Improves functionality and marketability
F Composite school gradezoned avg 30/100

Zoned Schools

Elementary D.c. Reeves Elementary School F LA #372/646 Nat'l #29,439/41,679 Middle Ponchatoula Junior High School F LA #127/218 Nat'l #9,659/14,009 High Ponchatoula High School F LA #106/265 Nat'l #9,639/17,239

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
C Composite livability gradescore 68/100

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

County
Tangipahoa Parish · 144,204 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
2% of renters

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

Price history

+0.0% since first listed
6 events — show timeline
  • 2026-06-17 Pending AcadianaMLS
  • 2026-06-17 Pending GSREIN
  • 2026-06-15 Sold (MLS) $254,900 GSREIN
  • 2026-06-15 Sold (MLS) $254,900 AcadianaMLS
  • 2026-05-04 Listed $254,900 GSREIN
  • 2026-05-04 Listed $254,900 AcadianaMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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