436 Boulevard St

Shreveport, LA

6 Bedrooms 4 Bathrooms
4453 Square Feet

SOLD

For Sale: $55,000.00

Beautiful old Highland Mansion ready for renovation.  The pictures are several years old as of 3-24-21.  Condition of the home may have changed.  Owner is willing to finance purchase with at least 20% down, or will do rent to own with 5% down.  Property also comes with the adjacent vacant lot.  Home was a duplex and the electricity is still split between upstairs and downstairs.  Could be converted to single family home or remodeled into duplex.  Buyer should confirm all necessary compliance and zoning requirements.  Rent amount is approximate rent rate for renovated sfh.

Kevin May

Kevin has lived in the Shreveport-Bossier area for the majority of his life. He has extensive experience in residential real estate investment, both single family and multi-family. He also has extensive experience in renovations, and finance. Kevin holds a B.S. in Finance from LA Tech University, and an MBA from the University of Notre Dame. When he's not working he enjoys soccer, scuba diving, socializing, volunteering, and playing with his dog.

kevin@maycorentals.com
https://maycorealestate.com
318-734-3440


INVESTOR INFORMATION:

Total Rent:1,500.00
Investor Expenses:
  • None

  • Total Monthly Approximate Investor Expenses (excluding taxes and insurance): 0.00
    Approximate Annual Taxes: 890.00
    Approximate Annual Insurance: 750.00


    Investment Calculations:
    Monthly Revenue: 1500
    Monthly Expenses:
    Taxes: 74.21
    Insurance 62.5
    Other Expenses:
    Total Monthly Expenses: 136.71
    Approximate Net Income before debt service: 1363.29
    20% Down Payment: 11000
    Monthly Mortgage Payment (4.5% interest, 15 year amortization): 336.6
    Monthly Cash Flow: 1026.7
    Annual Cash on Cash Return:112%
    Air Conditioning:None
    Heating: None
    Laundry: Washer/Dryer Hookups inside
    Included Appliances:
    • Microwave
    Available Parking:
    • Carport
    Covered Parking Spaces: 3
    Number of Stories: 2
    Lease/Purchase Eligible?: Yes
    Available Utilities:
    • Municipal Water
    • Natural Gas
    • Electricity