I have been analyzing Baltimore market for long term cash flow investment. Here are the community and zip code I am analyzing:
Keswick – 21210
Brewers Hill- 21224
Dickeyville East Arlington Original Northwood
Hampden - 21211
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?
@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.
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@Ned Carey . Thanks Ned for your response. This helps.
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
Single and multifamily homes, owner lives anywhere in US
Age 60-89, 15+ year residence, single family homes
|Property Zip codes||Absentee||Senior|
Please get in touch with me if you want to see more details.
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