BALTIMORE RENTAL PROPERTY AVAILABLE!

[Tarrin Lilly]

3400 Kenyon Ave 21213
2/1 1130 SQ FT

COMPS:
3313 Kenyon Ave 21213
2/1 1200 SQ FT
Sold for $85k on 12/15.

3204 Lake Ave 21213
3/2 950 SQ FT
Sold for $112.5k on 10/15.

3008 Kenyon Ave 21213
2/1 940 sq ft
Sold for 85k on 9/15.

Many investment projects currently under development on this particular block.

ARV: $98,750.00(Average from comps)
Repairs: $25,000.00-$35,000.00(Mostly Cosmetic Updates but may require structural updates as well)
ASKING PRICE: $34,000.00
ALL IN NUMBER( PURCHASE PRICE,REPAIRS,CLOSING/TRANSFER COSTS): $70,020.00
EQUITY CASH BACK VALUE:
$98,750.00(ARV)
-$70,020.00(ALL IN AMOUNT)
$28,730.00(41% EQUITY CASH BACK)

RENTAL METRIC:

$1,200.00= Market Rent Rate(MANY HOMES IN THE AREA ARE BEING RENTED FOR $1,300+)
-$321.13= Monthly Mortgage Payment.
-$185.46= Taxes(Monthly Payment)
-$50.00= Insurance
-$84.00= Vacancy(7%)
-$96.00= Property Management(8%)
$463.14= Monthly Net Income.

CASH ON CASH:
EARN 22.5% RETURN ON YOUR MONEY ANNUALLY.

ANNUAL NET INCOME: $5,560.92 ($463.14*12 MONTHS)
DIVIDED BY
CASH INVESTED: $24,687.50 (25% OF ARV $98,750.00)
EQUALS: 22.5% RETURN ON YOUR CASH.

ASKING PRICE: $34,000.00



PICS: AVAILABLE UPON REQUEST.

PLEASE GIVE ME A CALL/TEXT ON MY CELL 443-743-6612 IN REGARDS TO PROPERTY.