Updated about 9 years ago on . Most recent reply
3bd/2ba 2-story single family rehab
Selling 2 story single family home. Property currently distressed, but will be rehabbed on closing for price listed. Average turnkey turn around time 4-6 weeks. Tenant placement and property management available. Near major points of interest: two parks, a mall, zoo, golf course, and just over 3 miles away from both the Baltimore Orioles park and Baltimore Ravens stadium.
Projected Income Analysis:
Listing Price: $75,500
Total monthly projected rental income: $1,500
Estimate Annual Taxes: $300
Estimated Annual Insurance: $840
Estimated Annual Maintenance Costs: $1,500
** This estimate is based on any potential repairs the property may need over the course of a year. In our experience, this number is typically lower, but we always estimate on the high side.
Annual Property Management: $1,800
**The fee is 10% of the monthly rent.
Annual Net Rental Income: $18,000
Annual Cumulative Hard Costs (Property management, Taxes, Maint., Insurance): $4,440
Adjusted Gross Annual Income: $13,560
5 Year Return: $67,800
10 Year Return: $135,600