Baltimore Market analysis

4 Replies

@Ned Carey

I have been analyzing Baltimore market for long term cash flow investment. Here are the community and zip code I am analyzing:

Evergreen-21210

Keswick – 21210

Brewers Hill- 21224

Dickeyville East Arlington Original Northwood

Hampden - 21211

Lauraville-21214

Ridgely’s Delight - 21230

Ten Hills -21229

Upper Fells Point - 21231

"Bayview Eastwood Greenmount West -21224

Heritage Crossing -21201

Kenilworth Park 21212

Woodbourne Heights- 21239

"Belair-Edison - 21213, 21206

Saint Helena - 21224, 21222

Anybody has suggestion about which community/zip code from above where I will have better shot at getting houses below 100k for buy and hold properties for long term cash flow investment?

Will I be feasible to get rent ready properties below 100k (minimum 3 bed and 1 bath) in above zip codes which can produce cash flow after taking out mortgage, interest, insurance,  maintenance cost, property management fee, capex (5% of rent),?

OR I should look for something cheaper around 50k OR so fix up before renting it?

Thanks.

Mohammed.

@Mohammed A. Most of those are very nice neighborhoods. I would not even consider most of them. If you do buy there you are buying based on appreciation not cash flow. There is nothing wrong with that just don't expect areas like that to cash flow. 

Your best areas for getting in under $100K would be Belair Edison and Saint Helena followed by Kenilworth park and Woodbourne Heights.

This post has been removed.

@Mohammed Alam

Here is a report for the number of properties available in the zips you asked about:

+ Home market value up to $100,000

+ Eliminate owners known to have low equity

+ 1000+ Sq Feet

+ One property per owner

+ Eliminate business owned

Two segments:

Absentee Homeowners

     Single and multifamily homes, owner lives anywhere in US

Senior Homeowners

     Age 60-89, 15+ year residence, single family homes

Property Zip codesAbsentee   Senior
21201BALTIMORE, MD     6 2
21206BALTIMORE, MD     55 82
21210BALTIMORE, MD     0 0
21211BALTIMORE, MD     1 0
21213BALTIMORE, MD    225 232
21222DUNDALK, MD    189 247
21224BALTIMORE, MD    226 181
21229BALTIMORE, MD    337 416
21230BALTIMORE, MD    160 60
21231BALTIMORE, MD     4 1
21239BALTIMORE, MD     16 74
Total   12191295

Please get in touch with me if you want to see more details.

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