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16
Values at $133K, Rent Up to $1,490
Updated 2 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rent potential, with market data suggesting monthly income between $1,377 and $1,656. These figures offer a solid foundation for investors, especially considering the current demand for comparable single-family homes nearby. With an estimated rental yield of approximately 12.55%, this investment presents an attractive opportunity for consistent cash flow. The data highlights a stable market, making this an appealing option for those seeking reliable rental returns.
More about this home
Neighborhood Assessment
5854 Wright Dr sits in Mickens Place, Baton Rouge's 70812 zip, a walkable spot just 0.2 miles from Glen Oaks Park Elementary (rated 8/10). You know, it's been a solid rental performer—no leasing headaches for the owner. Comps on Wright Dr average ~165K Zestimates for similar 3/2 homes around 1,200 sqft, suggesting steady neighborhood demand despite the low-rated Glen Oaks High (2/10). Risks like extreme wind are notable, but flood's minimal. Current 145K list price after 137 days looks like a deal against those comps—perfect for investors eyeing value.
Market Activity
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Rental Income
$18K
Yield
12.6%
Year 1 Estimates
Fix-and-Flip
Updated homes in this neighborhood capture a higher price per square foot of 134.93 compared to the 127.35 baseline. This represents a 3.1% boost, helping these properties shine and attract more interest from potential buyers. This upgrade pushes your potential value toward 176,000 and enhances monthly rental returns to 1,416. Investing in modern touches creates an inviting atmosphere, securing your property's competitive edge and long-term appeal in a steady market.
Value Add
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $159,000 and $176,000. These figures provide a reliable target for equity creation, assuming renovation costs remain tightly aligned with current market sqft price trends. With projected monthly rental income of $1,416, the property delivers an attractive 10.1% yield. This performance creates a stable foundation for long-term cash flow, making the asset a viable candidate for a disciplined buy-and-hold strategy.
Rental Income
$17K
Yield
10.1%
Year 1 Estimates, Post Typical Renovation
Asking price
$145K
$11.8K over comp median
Comparative Market Analysis
$105K – $174K
~108 days to sell
Based on 8 comps
5854 Wright Dr, Baton Rouge Investment Report: Flip & Rental Analysis · Frontflip