Updated over 9 years ago on . Most recent reply
BALTIMORE SUBURBS!! HOWARD PARK EQUITY GOLDMINE!!!
3613 Howard Park Ave is a Single family located in Howard Park, MD, in Baltimore City County. The median price for this area is 195000. This 1,456 square foot house sits on a 8,146 square foot lot and features 4 bd, 1.5 ba. This property sits next to two currently rehabbed homes that were purchase for over $220k. Excellent neighbors and neighborhood. Quiet and quaint. Please provide POF to complete closing and $2500 EMD at time of contract. You may contact me for additional info and Property Summary. Asking $75k OBO.. Continued success to all. [email protected].
Additional photos:
https://drive.google.com/folderview?id=0B5VWOpqjhZ...
| PURCHASE/REHAB ASSUMPTIONS | ||
|---|---|---|
| % of ARV 59% | ||
| After-Repair Value (ARV) | 210,000.00 | |
| Purchase Price (Offer Price) | 75,000.00 | 35.71% |
| Rehab Costs | 45,000.00 | 21.43% |
| Total Holding and Closing Costs | 3,000.00 | 1.43% |
| Total Financing Costs | 0.00 | 0.00% |
| Total Project Cost Basis | 123,000.00 | 58.57% |
| Total Amount Financed | 0.00 | |
| Total Cash Commited | 123,000.00 |
| PROJECTED RESULTS | |
|---|---|
| Projected Resale Price | 200,000.00 |
| Projected Cost of Sale | 12,000.00 |
| Flip Profit | 65,000.00 |
| ROI | 52.85% |
| Annualized ROI | 126.83% |
| Timeline Assumptions | |
| Time to Complete Rehab | 3 Months |
| Time to Complete Sale | 2 Month |
| Total Time | 5 Month |
Offering