East Baton Rouge LA - SFRs

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PURCHASE DETAILS

Purchase: $219,900
Property Type: SFR
Rent: $1550-1595/mo
Tenant: Yes
Managed: Yes


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PROPERTY DESCRIPTION

SFR Townhomes 1500 sq ft 3 bed 2.5 bath Master down, with 2 car garage, granite counter tops, stainless appliances, hardwood LT flooring, combination of brick and hardie board exterior, with a fashionable metal roof.

ADDRESS

1445 Arcadia Dr  

Baton Rouge, LA 70808

PROFORMA

 Hyacinth, Baton Rouge,LACAP Rate Proforma Estimate
 
        
 1500sq ft town home      
        
 Purchase Price $219,900    
     Baton Rouge Parish Property Taxes
rent/month (range $1550-$1595) $1,595 
      MillageTAX
 less (monthly)   Purchase Price
 insurance -30    
 HOA -110 $219,900.000.00085$186.92
 property taxes -$186.92    
 P. Managment 6% -95.70  monthly tax$186.92
   $1,172.39    
 Net 12 month net rent $14,069    
        
 rental income % 6.40%    
        
        
 CAP Rate 6.40%    
      

 

 

Overview

According to ABODO Baton Rouge has seen an 8.6% rise in rents.

Other areas of the country are seeing large increases, with ABODO noting that rents jumped 8.6% in January in Baton Rouge, LA, which drove the average one-bedroom rent price up to $942, while rents in Reno, NV, increased 5.4% and San Antonio, TX, saw a 3.4% rise. ABODO added, however, that significant declines in places like El Paso, TX, Cincinnati and Buffalo, NY, offset the rent rises in other cities, resulting in a drop in the national average one-bedroom rent price of 1.35% in January.

Low taxes, high rents and a housing shortage make Baton Rouge an excellent market for rentals.

Baton Rouge area economic stats

Baton Rouge leads the US Cities on Construction, extraction jobs.

When it comes to construction and extraction (C&E) job opportunities, Baton Rouge, LA, is the place to be, according to apartment listing and research company Abodo’s latest Cost and Opportunity ranking, with the most industry positions (99.5) per 1,000 jobs in the country.

Baton Rouge location on the Mississippi River makes its vital global shipping competitiveness.

Media Articles

Fortune 500 company to double its presence in Baton Rouge.

https://www.businessreport.com/article/fortune-500-company-plans-double-presence-baton-rouge

Fastest growing Parishes in Southeast LA, Livingston is number 2 (location of Carter Plantation)

http://www.nola.com/business/index.ssf/2017/04/growing_parishes_louisiana_sou.html

Best Poise areas for Population Growth (Estero’s locations are in the brown and red areas)

http://www.brac.org/economic-development/business-climate-data/maps/

Economic Outlook for 2017

http://www.brac.org/brac-releases-2017-economic-outlook/

Baton Rouge residential real estate is a seller’s market

https://www.businessreport.com/realestate/baton-rouge-residential-real-estate-sellers-market

Suburban Growth: Families and businesses moving into fast growing Ascension and Livingston parishes

https://www.businessreport.com/realestate/baton-rouge-suburban-growth

Parish Statistics (we are currently in West Baton Rouge and Livingston Parish, suburbs of Baton Rouge, notice the population growth for these areas. They’re well above the national average of .7%).

http://www.brac.org/economic-development/business-climate-data/parish-statistics/#WBR

Baton Rouge is pushing for growth with tax cuts and other incentives.

http://www.brac.org/economic-development/business-climate-data/taxes-incentives/

Employers

https://choosebr.com/Baton-Rouge-economy/employers

3 Fortune 500 companies.

http://www.nola.com/business/index.ssf/2010/04/centurylink_is_states_third_fo.html

9.4 Billion dollar plant to be built in the Baton Rouge area.

http://www.okenergytoday.com/2018/04/9-4-billion-petrochemical-plant-to-be-built-in-louisiana/

Baton Rouge enjoys High Occupancy rates Ranked  #2

https://www.multihousingnews.com/post/top-10-markets-for-occupancy-growth/

 

baton rouge occupancy rate

 

 

 

 

 

Baton Rouge has a serious inventory problem.
http://www.batonrougehousingreports.com/2018/03/low-number-of-listings-in-greater-baton-rouge-doesnt-tell-the-whole-market-story/

Baton Rouge Economy seeing continued Growth.

http://www.wafb.com/story/37008468/baton-rouge-economic-outlook-positive-for-2018-report-says


USE THIS FORM

To request investment summary or book a phone meeting