Updated about 9 years ago on .
Buy and holds for sale: 3bd/1ba rentals available - $1,500/m rent
I have a number of single-family homes available for sale in Baltimore MD market. Houses near major points of interest: Parks, zoo, golf course, stadiums/arena. Will rehab, place tenants, and manage property. Typical rental income $1,500/mo. Comps sell for $120K or more for townhouse style homes.
2713 Riggs Ave, Baltimore, MD 21216
3br/2ba
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: $4,440
Adjusted Gross Annual Income: $13,560
5 Year Return: $67,800
10 Year Return: $135,600