Baltimore Market analysis

[Mohammed A.]

@Ned Carey

I have been analyzing Baltimore market for long term cash flow investment. Here are the community and zip code I am analyzing:

Evergreen-21210

Keswick – 21210

Brewers Hill- 21224

Dickeyville East Arlington Original Northwood

Hampden - 21211

Lauraville-21214

Ridgely’s Delight - 21230

Ten Hills -21229

Upper Fells Point - 21231

"Bayview Eastwood Greenmount West -21224

Heritage Crossing -21201

Kenilworth Park 21212

Woodbourne Heights- 21239

"Belair-Edison - 21213, 21206

Saint Helena - 21224, 21222

Anybody has suggestion about which community/zip code from above where I will have better shot at getting houses below 100k for buy and hold properties for long term cash flow investment?

Will I be feasible to get rent ready properties below 100k (minimum 3 bed and 1 bath) in above zip codes which can produce cash flow after taking out mortgage, interest, insurance,  maintenance cost, property management fee, capex (5% of rent),?

OR I should look for something cheaper around 50k OR so fix up before renting it?

Thanks.

Mohammed.

[Ned Carey]

@Mohammed A. Most of those are very nice neighborhoods. I would not even consider most of them. If you do buy there you are buying based on appreciation not cash flow. There is nothing wrong with that just don't expect areas like that to cash flow. 

Your best areas for getting in under $100K would be Belair Edison and Saint Helena followed by Kenilworth park and Woodbourne Heights.