Baltimore – $72,500

Net Return – 16%

Baltimore – $72,500 Array, Array

72,500

Description

This large Three bedroom single family home is located in the very nice neighbourhood on the West side of Baltimore. The property is only Six minutes and only 1.6 miles from Gwynns Falls Park. This is a great townhouse with refinished hardwood floors. The property has three large bedrooms and two full bathrooms. The property was renovated 5 years ago including a finished tiled basement..The tenant has been in the property for the last 5 years and wishes to stay, the rent each month is $1,222 and Section 8 housing pays $1,185 of this direct each month to the landlord.

The property is in the western part of Baltimore in between Mosher and Lexington. the area has a lot of parks and most of the residents tend to be retired. The property is next to Gwynns Falls Park the second largest woodland park in the United States consisting of over 1000 acres, this is by far Baltimore’s most extensive park, stretching from the western city line along the valley of the Gwynns Falls

Property Details

• Three bedrooms.

• Two bathrooms.

• Full basement

• 1,694 sqft built.

• Tenanted.

• Local staff.

• Great location.

• Fully managed.

Investment Calculation

Purchase price: 72,500

Gross annual rental income: $14,664

Property running costs: $3,113
(Tax, insurance and management costs)

Net annual rental income: $11,551

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

Return on investment: 16%

Break even in 6.25 Years

Detail

Price: 72,500

Net Return: 16%

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