Baltimore – $58,900

Net Return – 18%

Baltimore – $58,900 Array, Array

58,900

Description

This fantastic three bedroom, one bathroom property is located in Midtown Edmonson which is just just 2.2 miles from Downtown Baltimore and also just 1.5 miles from Mondawmin Mall. The property has three large bedrooms, has recently been completely updated inside with new plumbing and electricals.The home features central gas heat and A/C, carpet, vinyl tile, rear porch, front/rear security storm doors, and a fenced backyard. There is now a new tenant in place paying $968 in rent each month making this a great turn key investment. The property is under management by a great local company.

The property is located in Midtown Edmonson which is just 2.2 miles West of downtown Baltimore. With the expansion of Mondawmin Mall which is just 1.5 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.

• 1,024 sqft built.

• 1,260 sqft lot.

• Tenanted.

• Fully managed.

• Local staff.

• Garden.

Investment Calculation

Purchase price: 58,900

Gross annual rental income: $11,616

Property running costs: $1,990
(Tax, insurance and management costs)

Net annual rental income: $9,626

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: 58,900

Net Return: 18%

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