3bd/2ba 2-story single family rehab

[Account Closed]

Selling 2 story single family home. Property currently distressed, but will be rehabbed on closing for price listed. Average turnkey turn around time 4-6 weeks. Tenant placement and property management available. Near major points of interest: two parks, a mall, zoo, golf course, and just over 3 miles away from both the Baltimore Orioles park and Baltimore Ravens stadium.

Projected Income Analysis:

Listing Price: $75,500

Total monthly projected rental income: $1,500

Estimate Annual Taxes: $300

Estimated Annual Insurance: $840

Estimated Annual Maintenance Costs: $1,500

** This estimate is based on any potential repairs the property may need over the course of a year. In our experience, this number is typically lower, but we always estimate on the high side.

Annual Property Management: $1,800

**The fee is 10% of the monthly rent.

Annual Net Rental Income: $18,000

Annual Cumulative Hard Costs (Property management, Taxes, Maint., Insurance): $4,440

Adjusted Gross Annual Income: $13,560

5 Year Return: $67,800

10 Year Return: $135,600