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$325,000

For Sale - Active
1346 Military Rd, Bogalusa, LA 70427
3 Beds
4 Baths
3,177 Square Feet
0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: May 30, 2025 at 03:11AM

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
$14
Cap Rate
6.4%
Cash-on-Cash Return
0.2%
Debt Coverage Ratio
1.01
Internal Rate of Return (5 years)
4.2%

Property Description


0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a

Home is where the heart is and this one will surely capture your heart! Lovely 3 bed, 3.5 bath, open floor plan with, garage, 16 X 12 office space, 20 X 21 workshop which can be used for multiple purposes. This property features an inground pool with poolroom/bath plus an outdoor kitchen and patio for entertaining family and/or guest. It also has a 36X36 workshop/shed with an RV carport next to it. All on 1.03 Acres! Let me continue; SS State-of-the-art Viking Appliances, new LG 30 Cu. Ft. side-by-side smart refrigerator, new mini split in shop, new AC Splitter in pool room and new washer/dryer to remain in home...oops, I almost forgot new insulated windows through-out the house. All with no HOA fees.

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Location


Property Details


Parking

  • Description: Attached, Covered, TwoSpaces, Boat, RVAccessParking
  • Details: Attached, Driveway, Garage, Boat, Garage Door Opener, RV Access/Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 15
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 0440390000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1975

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Washington Parish

Listing Details


Listed by:
Angela Walker
Katie & Co Realty
(985) 570-7779

Source:
Gulf South Real Estate Information Network
MLS#: 2496215
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
$14
Cap Rate
6.4%
Cash-on-Cash Return
0.2%
Debt Coverage Ratio
1.01
Internal Rate of Return (5 years)
4.2%

Purchase Details

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Purchase price:
$325,000
Amount financed:
-$260,000
Down payment:
$65,000
Closing costs:
$9,750
Rehab costs:
$0
Initial cash invested:
$74,750
Square feet:
3,177
Cost per square foot:
$102
Monthly rent per square foot:
$0.79

Financing Details

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Loan amount:
$260,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,711
Property tax:
$0
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,886

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$625-$7,500

Cash Flow


Monthly Yearly
Net operating income:
$1,725 $20,700
Mortgage payments:
-$1,711 -$20,532
Cash flow:
$14 $168