Baltimore – $55,900

Net Return – 18%

Description

This fantastic three bedroom, two bathroom property is located in Rosemont which is just just 3.5 miles from Downtown Baltimore and less than one mile from Coppin State University. The property has been updated throughout with large rooms, wood floors, new paint, large kitchen, 2 full bathrooms, painted basement, washer and dryer hook ups, front and rear porch. The current tenants are keeping it in great condition paying $1,000 in rent each month on time. The property is under management by a great local company.

Rosemont is a new area in demand for investors. The university is in the midst of an incredible building boom. With the expansion of Mondwamin Mall, the whole area is changing and going through a revitalisation. Coppin St. University is truly breathing life into this community. 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. • Two Bathrooms • Full Basement • 1,446 sqft built • Tenanted. • Fully managed. • Local staff. • Garden.

Investment Calculation

Purchase price: 55,900

Gross annual rental income: $12,000

Property running costs: $2,436
(Tax, insurance and management costs)

Net annual rental income: $9,564

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: 55,900

Net Return: 18%

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