$45k net profit for rehab in Baltimore MD, Wholesale Deal!!!!

[Jamal L.]

528 Wynaoke, Baltimore Md 21218 

3BR | 2 Bth | 1,688 sqlt  ARV $145K (Comps support) Sale Price $35K OBO + Closing Cost $2k + rehab cost $55k (Estimate) + Resale Commission $8k @$140k =$100,000 Acquisition and Rehab Projected net profit $45K everything considered For More Info, CALL (410) 802-8477  Buy and Hold Return is just as attractive   $35k + $18k repairs + Closing cost $2k  = $55k Total Acquisition   Rent @ $1,350 mth          Gross income                                                    $16,200 Vacancy allowance                 $ 2,295                                                   $13,905 Gross Operating Income     $13,905  Annual Expenses                    $5,270 Net Operating income          $8,635  NOI = 15% ROI Total expense paid for in 6.5 Years!  18% W/O PM Expenses                        Annually   taxes                               $1,800     Insurance                           $850  Maintenance                  $1,000       Property Manage  (PM) $1,620                                           $5,270