DEEP DISCOUNTED BALTIMORE RENTAL INVESTMENT AVAILABLE

[Tarrin Lilly]

DEEP DISCOUNT RENTAL INVESTMENT AVAILABLE.

ASKING PRICE $24.4K.

Hope all is well, the following deal is available. Here are all of the details and number metrics that I've analyzed.

Details:

• Property currently under contract by my LLC.
• No BOARD UPS on the subject property's block.
• Mixed Ratio of homeowner's and tenant occupied properties in the Edmondson Village Neighborhood.
• There fix/flip projects currently conducted within the area as well as a high volume of rental properties being purchased.

SUBJECT PROPERTY

100 BLOCK OF N MONASTERY AVE 21229

3/1 1178 SQ FT

COMPS

147 CULVER ST 21229

3/2 1280 SQ FT

SOLD FOR $115K ON 11/2015.(RENOVATION WAS CONDUCTED PROPERTY WAS PURCHASED FOR $36.9K 8/2014)

16 CULVER ST 21229

3/1 1280 SQ FT

SOLD FOR $75K ON 4/2016.(NO RENOVATION CONDUCTED)

60 MONASTERY AVE 21229

3/1 1232 SQ FT

SOLD FOR $50K 2/2016.(NO RENOVATION CONDUCTED)

4 BENKERT AVE 21229

3/2 1313 SQ FT

SOLD FOR $90K ON 10/2015.(NO RENOVATION CONDUCTED)

ARV: $82.5K(AVERAGE FROM COMPS ABOVE)

ESTIMATED REPAIRS: $30K

ASKING PRICE: $24.4K

ALL IN NUMBER: $55,132(CLOSING COSTS,TRANSFER COST,REPAIRS)

RENTAL METRIC( CASH VS. MORTGAGE)

MORTGAGE

$1,150= AREA MARKET RENT

-$287.5= %25 OF MARKET RENT(VACANCY,PROP MGMT,RESERVES)

-$144= MONTHLY TAXES

-$50= MONTHLY INSURANCE

-$355= MORTGAGE(%4.5 INT RATE WITH 30YR TERM)

$313.5= PROJECTED MONTHLY NET INCOME

CASH

$1,150= AREA MARKET RENT

-$287.5= %25 OF MARKET RENT(VACANCY,PROP MGMT,RESERVES)

-$144= MONTHLY TAXES

-$50= MONTHLY INSURANCE

$668.5= PROJECTED MONTHLY NET INCOME

CASH ON CASH RATIO

MORTGAGE

$3,312(ANNUAL NET INCOME)

DIVIDED BY

$17,500(%25 DOWN PAYMENT ON $70K CASH OUT REFIANCE)

%19 RETURN ANNUALLY.

CASH

$8232(ANNUAL NET INCOME)

DIVIDED BY

$55,132(ALL IN NUMBER)

%15 RETURN ANNUALLY

ASKING PRICE $24.4K

WORKS CITED:

PROPERTY TAXES: Real Property

MARKET RENT:https://www.rentometer.com/results/gy4h_--bJlA

MORTGAGE: GOOGLE MORTGAGE CALCULATOR

PICS: AVAILABLE UPON REQUEST.

PLEASE CALL/TEXT ME AT 443-743-6612 TO SCHEDULE A VIEWING OF THE PROPERTYFOR ANY OTHER INQUIRIES CALL/TXT MY CELL 4437436612.