Baltimore – $65,900

Net Return – 18%

Baltimore – $65,900 Array, Array

65,900

Description

This fantastic three bedroom, two bathroom property is located in Northwest Community Action which is just just 3.7 miles from Downtown Baltimore and just three minutes and less than one mile from Coppin State University. The property has just been updated throughout and made rental ready. The management will be placing brand new tenants when the new owner closes on the property paying $1,150 each month. The property is under management by a great local company.

Northwest Community Action 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 Bathroom

• Full Basement

• 630 sqft built

• Tenanted.

• Local staff.

• Full Basement.

• Garden.

Investment Calculation

Purchase price: 65,900

Gross annual rental income: $13,800

Property running costs: $2,558
(Tax, insurance and management costs)

Net annual rental income: $11,212

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

Return on investment: 18%

Break even in 5.5 Years

Detail

Price: 65,900

Net Return: 18%

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