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$70,000

For Sale - Active
3536 Chippewa St, Baton Rouge, LA 70805
2 Beds
1 Bath
750 Square Feet
0.18 Acres Lot
Built in 1950
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Jun 05, 2025 at 05:24PM

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
$828
Cap Rate
14.2%
Cash-on-Cash Return
13.8%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
17.4%

Property Description


0.18 Acres Lot
Built in 1950
For Sale - Active
Units n/a

Investor Special – High ARV Opportunity Near Downtown Baton Rouge! Unlock the full potential of this diamond in the rough just minutes from the heart of downtown Baton Rouge! This charming Mid-Century Traditional Home sits on a lush, shaded lot and is brimming with opportunity. With rehab, you can transform this hidden gem into a cash-flowing asset or high-yield flip. Step inside and envision the possibilities: a fully detached studio living space in the rear offers the perfect setup for short-term rental income, guest suite, or home office—adding instant value and versatility. Whether you're thinking Airbnb, long-term rental, or creative use, this space is already primed for profit. The property boasts: Strong ARV potential in a rapidly appreciating area Located in Flood Zone X – No required flood insurance = lower holding costs Close proximity to LSU, downtown nightlife, and major amenities 117 sq ft shed for added storage. Quiet, tree-lined street full of character and charm Simple cosmetic updates needed – low-cost, high-return This is the perfect project for a savvy investor looking to capitalize on location, income potential, and equity growth. Homes in this area are moving fast—don’t miss your chance to turn this blank canvas into a masterpiece. ?? Build wealth. Generate income. Create value.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 1

Land Information

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

Lot Information

  • Parcel ID: 33472
  • Lot Size: 7840 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1950

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: None
  • Cooling: None

Location

  • County: East Baton Rouge Parish

Listing Details


Listed by:
Rayfield Grant
CENTURY 21 Bessette Flavin
(225) 478-5770

Source:
Greater Baton Rouge Association of REALTORS
MLS#: 2025010489
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
$828
Cap Rate
14.2%
Cash-on-Cash Return
13.8%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
17.4%

Purchase Details

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Purchase price:
$70,000
Amount financed:
$0
Down payment:
$70,000
Closing costs:
$2,100
Rehab costs:
$0
Initial cash invested:
$72,100
Square feet:
750
Cost per square foot:
$93
Monthly rent per square foot:
$1.60

Financing Details

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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:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$300-$3,600

Cash Flow


Monthly Yearly
Net operating income:
$828 $9,936
Mortgage payments:
$0 $0
Cash flow:
$828 $9,936