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3123 Brighton St. Baltimore MD 21216 3bd 1.5 bth 1160 soft Only $11.5k
Complete Rehab $30-$35k Rental Repairs $13-$18k Average rent $1050 ARV $79k
This property has a solid structure and all systems are in order and functioning. The boiler & hot water heater was recently replaced, PVC from the main water line was replaced and runs through out the basement as well as the electrical panel update. This property needs a roof and cosmetic upgrades to rake in a lucrative return.
Property sale price $11,500
Closing cost $1,500 Total acquisition $13,000
Repair cost $15,000
$28,000
Income annually $12,600 @ 1,050 more w/ rooms or section 8 vacancy allowance $1,785