Cute Townhome For Sale! Won't Last Long. Buy & Hold!

1 Reply

Price $15,000
Location N. Gilmor St, 831, Baltimore, MD, 21217
Property Details

Townhouse

  • Current Rent: $0
  • Square Footage:
  • Bedrooms: 3
  • Bathrooms: 1.0
  • Occupied: No
  • Lot Size:

Cute townhome for sale in Baltimore. 3BR/1Ba Rowhouse. Needs work. Asking $15K. ARV $29k. Buyer is to pay all closing cost (tax transfer and recordation). Be a part of the resurgence. Buy and Hold! 50 rentals in the area within a 1 mile radius: median rentals $1200 month. Reply to this email for more information if interested.

First Year Income and Expense

                                                    Monthly      Annual

                                              
Income:$1,200.00$14,400.00
Mortgage Pay:$68.40$820.83
Vacancy (5%):$60.00$720.00
Management Fee (10%):$120.00$1,440.00
Property Tax:$125.00$1,500.00
Total Insurance:$66.67$800.00
Maintenance Cost:$83.33$1,000.00
Other Cost:$16.67$200.00
Cash Flow:$659.93$7,919.17
Net Operating Income (NOI):$734.33$8,812.00

 

For the 20 Years Invested

Return (IRR):26.28% per year
Total Profit when Sold:$227,452.07
Cash on Cash Return:659.28%
Purchase Capitalization Rate:58.75%
Total Rental Income:$330,828.05
Total Mortgage Payments:$16,416.60
Total Expenses:$94,046.31
Total Net Operating Income:$236,781.74

Organization of Hope, non-profit for homeless individuals is interested in purchase of this property. Cash Purchase. Motivated.

Can we see pictures?

[email protected]

4434496018

Patrecia Williams

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