Baltimore – $55,900

Net Return – 22%

Baltimore – $55,900 Array, Array

55,900

Description

This fantastic three bedroom, one bathroom property is located in Western in between Mosher and Lexington which is just just 2.8 miles from Downtown Baltimore and also just 2.2 miles from Mondawmin Mall. The property is very spacious with three large bedrooms, one bathroom and a full basement. The property is just being refurbished and the management company will be placing new tenants on a brand new contract on closing. The property is under management by a great local company.

The property is located in Western which is just 2.8 miles West of downtown Baltimore. With the expansion of Mondawmin Mall which is just 2.2 miles away, the whole area is changing and going through a revitalisation. This is a great time to get in while the average home cost is low, Capital growth in this area is predicted to be very good.

Property Details

• Three bedrooms.

• One Bathroom

• Full Basement

• 1,246 sqft lot.

• Tenanted.

• Fully managed.

• Local staff

• Tenanted.

Investment Calculation

Purchase price: 55,900

Gross annual rental income: $15,000

Property running costs: $2,900
(Tax, insurance and management costs)

Net annual rental income: $12,100

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 22%

Break even in 4.54 Years

Detail

Price: 55,900

Net Return: 22%

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