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$305,000

For Sale - Active
8265 Boone Ave, Baton Rouge, LA 70808
3 Beds
3 Baths
1,700 Square Feet
0.30 Acres Lot
Built in 1962
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Jul 07, 2025 at 03:07AM

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
-$63
Cap Rate
5.4%
Cash-on-Cash Return
-1.1%
Debt Coverage Ratio
0.96
Internal Rate of Return (5 years)
3.0%

Property Description


0.30 Acres Lot
Built in 1962
For Sale - Active
Units n/a

Beautifully Renovated Home in Desirable Magnolia Woods! Welcome to this fully updated 3-bedroom, 2.5-bath home nestled on a spacious 1/3-acre lot in one of South Baton Rouge's most sought-after neighborhoods. Every inch of this property has been thoughtfully refreshed in 2017 with flooring, HVAC system, insulation, electrical, plumbing, tubs, toilets, sinks, paint, sheetrock, and more updated—truly move-in ready! The open-concept layout is perfect for modern living and entertaining, complemented by a versatile office/playroom and a convenient mudroom area. The kitchen features sleek stainless steel appliances, ready for your culinary adventures. Ideally located just minutes from LSU, Superior Grill, and Perkins Rowe, this home offers both comfort and convenience in an unbeatable location. Don’t miss your chance to own a turn-key home in the heart of Magnolia Woods—schedule your showing today!

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Location


Property Details


Parking

  • Details: Carport, Driveway
  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 630756
  • Lot Size: 13155 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1962

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: East Baton Rouge Parish

Listing Details


Listed by:
Patton Brantley
Patton Brantley Realty Group
(225) 766-1000

Source:
Greater Baton Rouge Association of REALTORS
MLS#: 2025007076
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
-$63
Cap Rate
5.4%
Cash-on-Cash Return
-1.1%
Debt Coverage Ratio
0.96
Internal Rate of Return (5 years)
3.0%

Purchase Details

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Purchase price:
$305,000
Amount financed:
-$244,000
Down payment:
$61,000
Closing costs:
$9,150
Rehab costs:
$0
Initial cash invested:
$70,150
Square feet:
1,700
Cost per square foot:
$179
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$244,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,443
Property tax:
$0
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,583

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$500-$6,000

Cash Flow


Monthly Yearly
Net operating income:
$1,380 $16,560
Mortgage payments:
-$1,443 -$17,316
Cash flow:
$63 $756