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$639,000

For Sale - Active
84012 N Factory Rd, Folsom, LA 70437
3 Beds
3 Baths
3,208 Square Feet
0.00 Acres Lot
Built in 1978
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Jun 02, 2025 at 05:11AM

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
-$195
Cap Rate
5.3%
Cash-on-Cash Return
-1.6%
Debt Coverage Ratio
0.94
Internal Rate of Return (5 years)
2.5%

Property Description


0.00 Acres Lot
Built in 1978
For Sale - Active
Units n/a

Beautiful 10 acres and house on the coveted North Factory Road in Folsom. The newly renovated house has new flooring, lighting, windows, and paint. New professional landscaping has been installed around the house. It has 3 bedrooms with 3 full baths. One bedroom and bath, separated from the other bedrooms, could be used as a mother-in-law suite or room for guests A multi-purpose room located off the kitchen and sunroom could be used as a formal dining room, play room, or extra bedroom. The enclosed sun room boasts high ceilings and lots of new Window World windows that give a beautiful view of the backyard. The kitchen has timeless wood cabinets with lots of storage space. It has a Viking stove, Thermador refrigerator and Bosch dishwasher, just waiting to be used by the chef in the family. The primary bedroom has 2 separate closet spaces along with a beautiful bathroom that has separate shower and tub areas. There is a stairway in the living room that leads to an upstairs fully floored attic. This space could easily be turned into a 2nd floor living area for kids playroom or extra bedrooms. A 5 year old Generac generator is installed to run the whole house. The sewer system was upgraded in 2022. There is an inground pool and unfinished pool house on the property. The land is high and dry and in a no flood zone. There is an oak tree on the property that is over 150 years old and would look perfect with a tire swing for the little ones.

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Location


Property Details


Parking

  • Description: Driveway
  • Details: None
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 15318
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1978

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: St. Tammany Parish

Listing Details


Listed by:
Cara Barry
United Real Estate Partners
(985) 256-5500

Source:
Gulf South Real Estate Information Network
MLS#: 2504479
Gulf South Real Estate Information Network

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
-$195
Cap Rate
5.3%
Cash-on-Cash Return
-1.6%
Debt Coverage Ratio
0.94
Internal Rate of Return (5 years)
2.5%

Purchase Details

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Purchase price:
$639,000
Amount financed:
-$511,200
Down payment:
$127,800
Closing costs:
$19,170
Rehab costs:
$0
Initial cash invested:
$146,970
Square feet:
3,208
Cost per square foot:
$199
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$511,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,024
Property tax:
$0
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,311

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,025-$12,300

Cash Flow


Monthly Yearly
Net operating income:
$2,829 $33,948
Mortgage payments:
-$3,024 -$36,288
Cash flow:
$195 $2,340