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$105,000

For Sale - Active
3835 Sherwood St, Baton Rouge, LA 70805
5 Beds
2 Baths
1,615 Square Feet
0.20 Acres Lot
Built in 1949
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 20, 2025 at 05:36AM

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
$607
Cap Rate
12.6%
Cash-on-Cash Return
30.2%
Debt Coverage Ratio
2.22
Internal Rate of Return (5 years)
33.5%

Property Description


0.20 Acres Lot
Built in 1949
For Sale - Active
Units n/a

Investor Special – 90% Complete! Owner/Agent Sale Unleash the potential in this nearly finished home — the perfect opportunity for savvy investors or hands-on buyers looking for a DIY project. This property is approximately 90% complete and offers a fantastic head start for anyone ready to bring the vision across the finish line. Large backyard with carport and storage unit Located in a quiet neighborhood, The layout is functional and inviting, with ample room for customization. Flooring and minor finishes are all that stand between you and a fully renovated gem. Owner/Agent listing Functional layout with good bones Ideal for investors, flippers, or DIY enthusiasts Bring your design touch and add instant equity This is your chance to secure a nearly finished property at a value price. Don't miss out – schedule your showing today and see the opportunity for yourself!

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Location


Property Details


Parking

  • Description: Carport Park
  • Details: Detached, RV Access/Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

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

Interior Features

  • # of Stories: 1

HOA

  • Association: North Highland Estates

Land Information

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

Lot Information

  • Parcel ID: 355291
  • Lot Size: 8712 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1949

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: East Baton Rouge Parish

Listing Details


Listed by:
Saturn Douglas
Fathom Realty LA LLC
(225) 366-9815

Source:
Greater Baton Rouge Association of REALTORS
MLS#: 2025010364
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
$607
Cap Rate
12.6%
Cash-on-Cash Return
30.2%
Debt Coverage Ratio
2.22
Internal Rate of Return (5 years)
33.5%

Purchase Details

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Purchase price:
$105,000
Amount financed:
-$84,000
Down payment:
$21,000
Closing costs:
$3,150
Rehab costs:
$0
Initial cash invested:
$24,150
Square feet:
1,615
Cost per square foot:
$65
Monthly rent per square foot:
$0.99

Financing Details

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Loan amount:
$84,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$497
Property tax:
$0
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$609

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$400-$4,800

Cash Flow


Monthly Yearly
Net operating income:
$1,104 $13,248
Mortgage payments:
-$497 -$5,964
Cash flow:
$607 $7,284