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5
Values up 17% in Baker, LA
Updated 2 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential for the Baker market. Based on nearby comparable listings, you can expect a monthly income between 1,663 and 1,829 dollars, offering a solid foundation for your investment strategy. With an estimated annual yield of approximately 2,095 dollars, this home is well-positioned for consistent cash flow. Focusing on these competitive rental rates will help maximize your return while maintaining high occupancy in this area.
More about this home
Neighborhood Assessment
Baker, LA's Jefferson St neighborhood shows limited walkability and basic amenities. Local schools like Baker Heights Elementary (1/10) and Baker High (1/10) drag down appeal, while nearby comps list low—$99K foreclosures, $10K lots. No major developments signal growth; it's a stable but stagnant area with wind risk concerns. This 3-bed/2-bath, 2,138 sqft home rents historically at ~$1.2K, matching low valuations around $1K assessed.
Market Activity
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Rental Income
$21K
Yield
2095.2%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting price per square foot from $90 to $103. This 14% gain helps your property shine, with potential sales climbing toward $243,000 and higher rental income, making it a savvy move. Refining your space creates an inviting lifestyle that buyers love. With a solid value increase of nearly $28,000, this upgrade unlocks better earning potential and ensures your home remains a top choice in this vibrant neighborhood.
Value Add
$28K
Post Typical Renovation
Buy-Rehab-Rent
The property shows solid BRR potential with a post-renovation value estimated between $220,000 and $243,000. This uplift from current market averages provides a strong equity cushion, making it a viable candidate for a successful refinance strategy. Projected rental income hits $1,758 monthly, delivering an attractive 9.1% yield. These figures indicate a healthy cash flow profile, suggesting this asset can comfortably cover debt service while offering reliable, long-term returns for a disciplined investor.
Rental Income
$21K
Yield
9.1%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1K
$268K below comp median
Comparative Market Analysis
$211K – $291K
~61 days to sell
Based on 8 comps
3501 Jefferson St, Baker Investment Report: Flip & Rental Analysis · Frontflip