2045 N 3rd St APT 208Baton RougeLA70802
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Baton Rouge at 2045 N 3rd St APT 208, Baton Rouge, LA, 70802 uses $47,736 cash to close to unlock $5,338/yr annual cash flow and $445/mo monthly cash flow. Total monthly income runs $1,337/mo, and a $705/mo payment keeps the spread at $445/mo. Purchase price stands at $144,000, and rental yield measures 11.14% with $1,337/mo rent. Return on cash invested shows 31.09% in year one, and 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 162.81% and total cumulative return in cash records $77,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,337/mo property income covering a $705/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70802, Baton Rouge, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,046 (100%) |
| Owner Occupied HU | 3,588 (25.5%) |
| Renter Occupied HU | 7,574 (53.9%) |
| Vacant Housing Units | 2,884 (20.5%) |
| Median Home Value | $114,919 |
| Average Home Value | $249,520 |
Housing Distribution
Address Breakdown
Residential
11,643
Single Family
8,942
Multi-Family
2,701
Businesses
1,085
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Listed by: Jeff Barker • Mandy Benton Realty Group LLC
Mls Name: ROAM MLS
Mls ID: #2025014212