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$224,900

For Sale - Active
1636 W Fairview Dr, Baton Rouge, LA 70816
3 Beds
2 Baths
1,488 Square Feet
0.27 Acres Lot
Built in 1981
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 29, 2025 at 03:21AM

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
$175
Cap Rate
6.6%
Cash-on-Cash Return
4.1%
Debt Coverage Ratio
1.16
Internal Rate of Return (5 years)
7.9%

Property Description


0.27 Acres Lot
Built in 1981
For Sale - Active
Units n/a

Motivated Seller! Well-maintained and move-in ready 3BR/2BA home offering $8,000 in buyer concessions toward closing costs. This charming home features no carpet—easy-to-clean ceramic tile and laminate flooring throughout—and a freshly painted interior. The kitchen is modern and functional with granite countertops, stainless steel appliances, and a brand-new refrigerator that will remain. Recent updates include a roof replaced in 2019, new attic insulation for improved energy efficiency and lower utility bills, and a new wood privacy fence creating a peaceful backyard retreat. A 5-year transferable termite contract (valid through 2028) offers added peace of mind. Conveniently located near Target, I-12, shopping, and dining, this home offers comfort, value, and convenience in one great package. Don’t miss your opportunity—schedule your showing today!

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Location


Property Details


Parking

  • Description: 2 Cars Park, Attached Park, Carport Park
  • Details: Attached, Carport
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Fairwood Estates
  • HOA Fee: $40/annually

Land Information

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

Lot Information

  • Parcel ID: 3612899
  • Lot Size: 11761 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1981

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: East Baton Rouge Parish

Listing Details


Listed by:
Marci Rome
CENTURY 21 Bessette Flavin
(225) 933-8863

Source:
Greater Baton Rouge Association of REALTORS
MLS#: 2025006150
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
$175
Cap Rate
6.6%
Cash-on-Cash Return
4.1%
Debt Coverage Ratio
1.16
Internal Rate of Return (5 years)
7.9%

Purchase Details

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Purchase price:
$224,900
Amount financed:
-$179,920
Down payment:
$44,980
Closing costs:
$6,747
Rehab costs:
$0
Initial cash invested:
$51,727
Square feet:
1,488
Cost per square foot:
$151
Monthly rent per square foot:
$1.21

Financing Details

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Loan amount:
$179,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,064
Property tax:
$0
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,190

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (0%)
0%-$3-$36
Total operating expenses: (25%)
25%-$453-$5,436

Cash Flow


Monthly Yearly
Net operating income:
$1,239 $14,868
Mortgage payments:
-$1,064 -$12,768
Cash flow:
$175 $2,100