Two-Home Mobile Home
For Sale
$259,900
44336 44334 Marie Dr, Hammond, LA 70403
Updated homes with new appliances are currently rented, with land available for additional mobile homes.
Property Size3,542 SF
Lot Size2.45 Acres
Price / SF$73.38
Days on Market35
Property Features for 44336 44334 Marie Dr
General Information
Standard status
Active
Size
3,542 SF
Lot size
2.45 Acres
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Buildings
2
Construction
mobile home
Listing Agency:
Covington & Associates Real Estate, LLC
(225) 270-7494
Listed By:
Rebecca Neale-Jacob
(225) 270-7494
Source:
Exprealty
Added: Jul 19
Changed: Aug 21
Last Checked: Aug 21 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Covington & Associates Real Estate, LLC
Investment Insights
Based on property information with market context.
This mobile home property includes two updated residences equipped with new appliances. Both homes are currently rented, providing an established occupancy profile for the asset. The property encompasses 2.45 acres and includes room for additional mobile homes or other living space, subject to applicable requirements.
The site is located at 44336, 44334 Marie Dr in Hammond, Louisiana, and backs up to the Natalbany River. The existing two-home configuration, current rental occupancy, updated interiors, and available land create a straightforward mobile home park setup with additional space on the parcel.
The site is located at 44336, 44334 Marie Dr in Hammond, Louisiana, and backs up to the Natalbany River. The existing two-home configuration, current rental occupancy, updated interiors, and available land create a straightforward mobile home park setup with additional space on the parcel.
Key Highlights
- Two updated mobile homes with new appliances
- Both residences are currently rented
- 2.45‑acre property backing up to the Natalbany River
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$463,240
$463.2K
Cap Rate 7%
$330,886
$330.9K
Cap Rate 9%
$257,356
$257.4K
Market Conditions
NOI Build-Up for 3,542 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.3K $13.08/SF
− Vacancy
−$4.2K −$1.19/SF
EGI
$42.1K $11.89/SF
− OpEx
−$19.0K −$5.35/SF
NOI
$23.2K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$463,240
Cap Rate 7%
$330,886
Cap Rate 9%
$257,356
Alternative Uses
Best Use
Apartment 5plus
$330.9K
$289.5K – $386.0K
NOI $23,162 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$976.4K
$854.4K – $1.14M
NOI $68,348 @ 7.0% cap · market cap 26.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Updated homes with new appliances are currently rented, with land available for additional mobile homes.
Where is this mobile home & rv park located?
The property is located at 44336 44334 Marie Dr Hammond, LA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two updated mobile homes with new appliances; Both residences are currently rented; 2.45‑acre property backing up to the Natalbany River
