Baltimore – $58,900

Net Return – 16%

Baltimore – $58,900 Array, Array

58,900

Description

This fantastic three bedroom, one bathroom property is located in Park Circle which is just just 5.6 miles from Downtown Baltimore and just 1.8 miles from Coppin State University. The property has just been completely refurbishment from top to bottom and the management company are just placing tenants that will be paying $975 rent per month. The property is under management by a great local company.

Park Circle is a new area in demand for investors. The surrounding areas on 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.

• One Bathroom

• Full Basement

• 1,801 sqft built

• Tenanted.

• Fully managed.

• Local staff.

• Great location.

Investment Calculation

Purchase price: 58,900

Gross annual rental income: $11,700

Property running costs: $2,445
(Tax, insurance and management costs)

Net annual rental income: $9,255

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

Return on investment: 16%

Break even in 6.25 Years

Detail

Price: 58,900

Net Return: 16%

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