4615 Sunnybrook – Joint Venture with New Leaf Available

  • $125,000
  • 3 beds
  • 2 baths
  • 1664 sqft

It is close to turnkey as a rental, but I would recommend doing about $34k in work to unlock its full value.

Scope of work includes the following:

Scrape popcorn ceiling – 1.25/sf * 1800sf = $2250

Add LVP Flooring – 5.50/sf* 1800sf =$9,900

Paint Interior $2.50/sf*1800sf = $4,500

New 3 ton AC Condenser – $3,000

Paint Cabinets/replace countertops with granite – $4000

Demo – $750

Fixtures, vanities, misc – $3200

Appliances – $2200

Paint exterior/trim- $4200

 

Total $34,000

 

ARV $215,000

Less repairs – $34,000

Less purchase – $125,000

Less purchase closing costs – $2600

Less holding costs – $8,446

Less Sale Commissions – $10,750

Profit – $34,204

 

Holding cost breakdown:

– Flood insurance $534 annual ($44.5/monthly)

-P&C Insurance – $1800 annual ($150/monthly)

– Taxes – $2005 annual ($167 monthly)

-Interest assuming 1% origination and 9% annual – $1,590 up front plus 1,192/month (6360 over 4 months)

-Utilities – $110 Energy $50 Water ($160/monthly)

Assume 4 month hold – $8,446

 

Comps Breakdown –

Most from Randolph heights, 2 streets over.

9215 Dancy Ave – $240,000 1,938 sf. 3 bed 2 bath. $123.84/SF sold 4/29/22

9420 Dancy Ave – $196,000 1,408sf. 3 bed 2 bath. $139.20/SF. Sold 10/14/2022

Subject property – $215,000 1800sf. 3 bed 2 bath. $119.44/SF.

 

 

 

Price:
$125,000
Address:
4615 Sunnybrook
Baton Rouge, LA 70814
Square Feet:
1664
Lot Size:
1 Acre
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Const. Type:
Frame

Additional Features

Large storage area under house/garage, property was raised. Great balcony. Additional 2 car garage on property. Sits on one acre.

Call 225-288-7209 for more details

Property Location