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Updated over 9 years ago, 07/04/2015

User Stats

398
Posts
156
Votes
Jamal L.
  • Investor
  • Baltimore, MD
156
Votes |
398
Posts

Reduced near John Hopkins in Baltimore

Jamal L.
  • Investor
  • Baltimore, MD
Posted

Beautiful offer for investor looking to add about 73k to their profit margin. 

This home has updated windows, and is in a great location that is being revitalized.
Near Hopkins Zone, there are a plethora of renovations going on in this area and it would be wise to get in on the upswing while market values are still low and anticipate the appreciatiion of this area which will possibly double in the next 5 years.

ARV 235-260k. comps to support

Asking. 33k obo w/assignment fee
Closing cost 2.5k
Rehab cost 90k
Miscellaneous 5k hidden expenses
Commission 12.9k for sale after rehab
Total = 142,000
Resale priced below market for quick sale
$ 215,000 ARV
-$143,000 acquisition & rehab
$73,000 net profit everything considered
for viewing instructions
410-802-8477 Jamal

Offering

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