Off Market BUY & HOLD 3BD 1.5BTH condo w/ Garage! Edgewood, MD

[Ellis Agurs]

Repairs needed: None

Description: Add this one to your rental portfolio! Great BUY and HOLD!!! 3BDRM 1.5BTH condo with Garage!!! NEW HVAC system w/ 5yr warranty recently installed! New washer/dryer combo, stove and carpeting! Like new refrigerator. Unit is currently rented. Convenient location off Rt. 40 near shops, stores & restaurants with easy access to 95. Priced to SELL… Motivated Seller!!!

Photos:

https://flic.kr/s/aHskCjBtAK

Rent Range: $ 950 - $1100

Asking Price: $38,500

The numbers:

Purchase Price: $38,500

$5,659.20 Net Rental Income Per Yr (See break down)

= 14.7% Cash on Cash return

Current Rent - $1,050.00

• Taxes $34.58
• Insurance $27.00
• Maintenance & vacancy $262.50
• Condo fee $160.00

Net Income per month $565.92

Net income per year $5,659.20