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$79,000

For Sale - Active
3000 July St Apt 2115, Baton Rouge, LA 70808
1 Bed
1 Bath
719 Square Feet
0.00 Acres Lot
Built in 1975
For Sale - Active
500 Units
Checked: 24 hours ago
Updated: Apr 17, 2025 at 10:38AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes and HOA fees are missing—these are standard expenses and should be considered in your estimate.

Monthly Cash Flow
$274
Cap Rate
10.5%
Cash-on-Cash Return
18.1%
Debt Coverage Ratio
1.66
Internal Rate of Return (5 years)
21.7%

Property Description


0.00 Acres Lot
Built in 1975
For Sale - Active
500 Units

Step into this beautifully remodeled 1-bedroom, 1-bathroom condo on the first floor of Tiger Manor (The Cove). Designed for comfort and convenience, this bright and modern unit features stylish updates throughout, plus the added perk of an in-unit washer and dryer. Located just steps from LSU, this condo is an option for students, investors, or anyone seeking a vibrant, walkable lifestyle. Enjoy easy access to campus, dining, and entertainment.

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Location


Property Details


Parking

  • Description: Assigned, ParkingAvailable, ParkingLot, OneSpace
  • Details: Assigned, Parking Lot
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 5
  • # of Stories: 3

Exterior Features

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

HOA

  • Has HOA: Yes
  • Additional HOA Fee: $250

Land Information

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

Lot Information

  • Parcel ID: 2689812
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other
  • Year Built: 1975

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Ductless, Wall Furnace
  • Cooling: Ductless, Wall Unit(s)

Location

  • County: East Baton Rouge Parish

Listing Details


Listed by:
Alexander Champagne
Thrive Real Estate LLC
(504) 332-5004

Source:
Gulf South Real Estate Information Network
MLS#: 2491378
Gulf South Real Estate Information Network

Investment Summary


Potential Missing Expenses

We noticed that property taxes and HOA fees are missing—these are standard expenses and should be considered in your estimate.

Monthly Cash Flow
$274
Cap Rate
10.5%
Cash-on-Cash Return
18.1%
Debt Coverage Ratio
1.66
Internal Rate of Return (5 years)
21.7%

Purchase Details

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Purchase price:
$79,000
Amount financed:
-$63,200
Down payment:
$15,800
Closing costs:
$2,370
Rehab costs:
$0
Initial cash invested:
$18,170
Square feet:
719
Cost per square foot:
$110
Monthly rent per square foot:
$1.39

Financing Details

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Loan amount:
$63,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$416
Property tax:
$0
Insurance:
$70
Private mortgage insurance (PMI):
$0
Monthly payment:
$486

Operating Income

Find a Property Manager

% 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:
-$416 -$4,992
Cash flow:
$274 $3,288