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Updated about 11 years ago on . Most recent reply

User Stats

48
Posts
5
Votes
Steve Morris
  • Property Manager
  • Baltimore, MD
5
Votes |
48
Posts

Is the property worth buying

Steve Morris
  • Property Manager
  • Baltimore, MD
Posted

Baltimore property in Gardenville area, Homeowner neighborhood, 3 bedroom, 1 1/2 bath. Currently being rented for 1050.00, was renting for 1200.00 but tenant had domestic issues and husband left, was unable to manage the 1200.00 rent plus utilities so land lord dropped the rent to help get her over the hump so to speak. Owner now will let property go for 75,000.00. current tenant has been there for over 3 1/2 years. Should I even entertain this offer. I would say the house could use newer appliances and a newer tub along with fresh paint job and hardwood floor refinished. Maybe 5000.00 invested back in and rented back for 1200.00 after getting current tenant out.

not sure what calculator to use to figure out this deal

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