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$55,000

For Sale - Active
1301 Lona Rester Pl, Bogalusa, LA 70427
3 Beds
2 Baths
1,552 Square Feet
0.00 Acres Lot
Built in 1979
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: May 09, 2025 at 03:04AM

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
$690
Cap Rate
15.1%
Cash-on-Cash Return
14.6%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
18.3%

Property Description


0.00 Acres Lot
Built in 1979
For Sale - Active
Units n/a

UPDATE!! OWNER FINANCING AVAILABLE! REDUCED TO SELL!! Calling FIRST-TIME HOMEOWNERS INVESTORS! THIS 3 BDRM 2 BATH BRICK HOME WITH BONUS ROOM w NEW PLANK TILES in some of the house. NEW VANITY IN PRIMARY ROOM. GREAT OPPORTUNITY TO OWN YOUR OWN HOME! THIS HOME SITS ON MULTIPLE CITY LOTS & COMES WITH A SHED. SELLING AS IS. NEEDS TLC. TONS OF POSSIBILITIES FOR THIS PROPERTY! RENTS FOR $800 A MONTH. SELLER WILL CONSIDER BOND FOR DEED / OWNER FINANCE WITH 50% DOWN 4.99% ARM BALLOON IN 5 YEARS.

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Location


Property Details


Parking

  • Description: ThreeOrMoreSpaces
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 0440551220
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1979

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Washington Parish

Listing Details


Listed by:
Julie Branum
Julie Branum, Broker
(985) 516-8935

Source:
Gulf South Real Estate Information Network
MLS#: 2467474
Gulf South Real Estate Information Network

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
$690
Cap Rate
15.1%
Cash-on-Cash Return
14.6%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
18.3%

Purchase Details

Find an Agent

Purchase price:
$55,000
Amount financed:
$0
Down payment:
$55,000
Closing costs:
$1,650
Rehab costs:
$0
Initial cash invested:
$56,650
Square feet:
1,552
Cost per square foot:
$35
Monthly rent per square foot:
$0.64

Financing Details

Find a Lender

Loan amount:
$0

Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,000 $12,000
Vacancy loss: (6%)
6% -$60 -$720
Operating income:
$940 $11,280

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$70-$840
Property management: (8%)
8%-$80-$960
Repairs & maintenance: (5%)
5%-$50-$600
Capital expenditures: (5%)
5%-$50-$600
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$250-$3,000

Cash Flow


Monthly Yearly
Net operating income:
$690 $8,280
Mortgage payments:
$0 $0
Cash flow:
$690 $8,280