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$665,000

For Sale - Active
104 Clement Dr, Pierre Part, LA 70339
3 Beds
3 Baths
2,200 Square Feet
0.28 Acres Lot
Built in 1999
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Sep 05, 2025 at 10:15AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,185
Cap Rate
1.7%
Cash-on-Cash Return
-17.1%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-12.6%

Property Description


0.28 Acres Lot
Built in 1999
For Sale - Active
Units n/a

This custom, well-built, waterfront home, in The Oaks at Belle River is a must see! With 90' of Belle River Frontage, 3bedrooms, 3 baths, a large open living/kitchen area, great for entertaining! Enjoy fishing, cooking and sunsets on your 20x24 covered pier. This home was built with structural integrity with plywood sheets for walls and roof, while side walls are cross braced every 6 feet with 2x6's. Home generator was added in 2022, new A/C in 2023, all cypress cabinets/trim/doors, 2 fireplaces, jacuzzi tub in master bath, 2 enclosed garage/workshop areas(extra storage on top of garage), 3 covered parking spots, fruit trees, private boat launch for development near home, and much more!

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Location


Property Details


Parking

  • Details: Covered
  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • HOA Fee: $50/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 900048651
  • Lot Size: 12196 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Acadian
  • Year Built: 1999

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Assumption Parish

Listing Details


Listed by:
Kallie Bailey
Kallie Bailey
(985) 513-1052

Source:
Greater Baton Rouge Association of REALTORS
MLS#: 2024018829
Greater Baton Rouge Association of REALTORS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,185
Cap Rate
1.7%
Cash-on-Cash Return
-17.1%
Debt Coverage Ratio
0.31
Internal Rate of Return (5 years)
-12.6%

Purchase Details

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Purchase price:
$665,000
Amount financed:
-$532,000
Down payment:
$133,000
Closing costs:
$19,950
Rehab costs:
$0
Initial cash invested:
$152,950
Square feet:
2,200
Cost per square foot:
$302
Monthly rent per square foot:
$0.64

Financing Details

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Loan amount:
$532,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,147
Property tax:
$0
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,245

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (0%)
0%-$4-$48
Total operating expenses: (25%)
25%-$354-$4,248

Cash Flow


Monthly Yearly
Net operating income:
$962 $11,544
Mortgage payments:
-$3,147 -$37,764
Cash flow:
-$2,185 -$26,220