Cashflow from Day 1: Townhouse with my best tenant

4 Replies

Price $54,500
Location 1819 Presstman St, N/A, Baltimore, MD, 21217
Property Details

Townhouse

  • Current Rent: $850
  • Square Footage: 950
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Occupied: Yes
  • Lot Size:

For Sale: Cash-flowing rental with A+ tenant 

Rent: $850/month, 18-month verifiable payment history.  Occupied by one of my best tenants. He has been late once in 18 months, and that was late by one day.

Lead-free cert (lifetime) 

Price: $54,500

Cashflow: $475/month (after allowances for vacancy, maintenance, capex, property management) 

The Property:  Located on a good block in a C-neighborhood where the neighbors look out for one another. Renovated in 2015 including new vinyl plank floor. A really solid property -- maintenance calls are extremely rare.

Repairs: None needed. My maintenance/capex total in the past year was only $252.  

Selling because I need to raise cash for another project.  Operating performance, BP calculator, tenant payment history (all payments verifiable) in Dropbox here.

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This property is under contract. I expect to have more in the future -- feel free to message me to learn about future deals.

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