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3000 July St Apt 2115, Baton Rouge, LA 70808, US
Copied

$84,500
BiggerPockets estimate

Off Market
3000 July St Apt 2115, Baton Rouge, LA 70808
1 Bed
1 Bath
719 Square Feet
Lot n/a
Built in 1975
Off Market
500 Units
Checked: 4 months ago
Updated: Apr 17, 2025 at 10:38AM

Investment Summary


Potential Missing Expenses

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

Monthly Cash Flow
$137
Cap Rate
8.2%
Cash-on-Cash Return
8.5%
Debt Coverage Ratio
1.31
Internal Rate of Return (5 years)
12.2%

Property Description


Lot n/a
Built in 1975
Off Market
500 Units

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 3000 July St Apt 2115, Baton Rouge, LA (ZIP code 70808) this condominium features 1 bedroom, 1 bathroom and approximately 719 square feet of living space. The property was built in 1975.

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Location


Property Details


Parking

  • Description: Assigned, ParkingAvailable, ParkingLot, OneSpace

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $250

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 2689812

Property Information

  • Property Type: Condominium
  • Year Built: 1975

Tax Information

  • Annual Tax: $1,346

Utilities

  • Heating: Ductless, Varies by Unit, Wall Furnace
  • Cooling: Ductless, Wall Unit(s)

Location

  • County: East Baton Rouge Parish

Investment Summary


Potential Missing Expenses

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

Monthly Cash Flow
$137
Cap Rate
8.2%
Cash-on-Cash Return
8.5%
Debt Coverage Ratio
1.31
Internal Rate of Return (5 years)
12.2%

Purchase Details

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Purchase price:
$84,500
Amount financed:
-$67,600
Down payment:
$16,900
Closing costs:
$2,535
Rehab costs:
$0
Initial cash invested:
$19,435
Square feet:
719
Cost per square foot:
$118
Monthly rent per square foot:
$1.39

Financing Details

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Loan amount:
$67,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$441
Property tax:
$112
Insurance:
$70
Private mortgage insurance (PMI):
$0
Monthly payment:
$623

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: (11%)
11%-$112-$1,347
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: (36%)
36%-$362-$4,347

Cash Flow


Monthly Yearly
Net operating income:
$578 $6,936
Mortgage payments:
-$441 -$5,292
Cash flow:
$137 $1,644