3101 Highland Rd APT 323Baton RougeLA70802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Baton Rouge at 3101 Highland Rd APT 323, Baton Rouge, LA, 70802 generates $906/mo in rent, after a $585/mo payment. Total monthly income is $906/mo. Return on cash invested sits at 18.11% in year one, and rental yield is 9.1% on a $119,500 entry. Equity gained on principal adds $771/yr, while 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 95.74% and total cumulative return in cash sums $37,926. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $906/mo property income rather than buyer’s personal income.
Condo
Built in 1980
1,084 sqft lot
$N/A/sqft
$2,700 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charnel Webb Smith • Journey Home Realty LLC
Mls Name: ROAM MLS
Mls Provider:
Mls ID: #2024020261
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 ROAM MLS.