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Updated over 9 years ago on . Most recent reply
The Property you have been waiting for. Instant CASH FLOW
This property is currently in turn key condition and has been well maintained by a single owner for the last 25 years. It boost of recently upgraded kitchen, recent new windows and furnace. However, the most astonishing feature it possess is its profits! It currently has a well qualified tenant of 4 years comfortably placed. Tenant exceeds rent requirements by far; and has no intentions on moving any time soon. Tenant currently pays $950 a month ON TIME! She also pays her own water and electricity bill. Making this a perfect opportunity for a hands off investor whom merely wants to capitalize off of Cash Flow! Below is a break down of potential gains from investing in this property which can return total investment in as little as 3.5 years!!!
| 1816 Wlabrook Ave. Baltimore, MD 21217 | ||
| Price | $29,000.00 | |
| Closing cost | $2,000.00 | |
| Total Acquisition | $31,000.00 | |
| Annual income | $11,400.00 | |
| Vacancy allowance 20% | - $2,280.00 | |
| Gross operating income | $9,120.00 | |
| Taxes 8.6% | - $787.00 | |
| insurance 13.6% | - $1,200.00 | |
| maintenance 7.7% | - $700.00 | |
| Management Fee 10% | - $1,140.00 | Optional |
| Net Operating income | $5,293.00 | |
| With out Property management $441 monthly cash flow w/ PM $536 monthly cash flow w/o PM | $6,433.00 |
$1500 EMD Takes this Cash Cow out of Rotation