BRRRR or Turnkey Rental Deal in Baltimore, MD

7 Replies

Price $20,000
Location Hafer Street, 1, Baltimore, MD, 21223
Property Details


  • Current Rent: $850
  • Square Footage:
  • Bedrooms: 3
  • Bathrooms: 2.0
  • Occupied: No
  • Lot Size:

I'm looking for a private money lender or partner to purchase this home. Owner is motivate to sell due to daughter requiring stem cell procedure. 

The home is in great condition, requires updates of the baths and new paint.  Basement is unfinished. All mechanical systems in good condition. 

I have performed a BRRRR analysis, Rental analysis, and recent comps for review.

Deal Summary:

Monthly Income: $850.00 Monthly Expenses: $119 / $277 Monthly Cash Flow: $731 / $573 

Pro Forma Cap Rate:14.62%  

NOI: $8,774.00 Total Cash Needed: $30,500.00 Cash on Cash ROI: 28.8% / 57.3% Purchase Cap Rate: 43.87%


Additional Pictures 

What is your ARV and repair costs?

What are the comps in that area?

The ARV is $60K

Comps range from $59-$64 with some surrounding areas showing solds as high as $125 plus.  Baltimore is a block by block market.

Map of Comparable Listings
2643 Hafer Street Baltimore, MD 21223
For Sale
401 S Mount Street Baltimore, MD 21223
For Sale
2111 Mchenry Street Baltimore, MD 21223
For Sale
2655 Dulany Street Baltimore, MD 21223
2507 W Fayette Street Baltimore, MD 21223
119 S Gilmor Street Baltimore, MD 21223
1833 W Lombard Street Baltimore, MD 21223

Does the 30,500 include repairs? If not, how much for repairs? Also, can you explain why there are two numbers under Monthly Expenses and monthly cashflow? - Monthly Expenses: $119 / $277 Monthly Cash Flow: $731 / $573? 

Thanks for the inquiry.  The first set of numbers indicate the initial rental summary.

The second set of number is base on a refinance scenario .

$30,500 includes repair.

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here