Baltimore Investment Property with 18%+ Returns

[Isaac Taylor]

BALTIMORE INVESTMENT PROPERTY OVERVIEW

• Market: Baltimore Metro Area
  
• Listing Price: $95,000
• Rehab Estimate: $15,000
• Address: Murray Point Rd, Baltimore, MD 21222
• Beds / Baths / Sq Ft: 3 beds / 1 baths / 1,413 sqft
• Property Description: Value priced detached Cape Cod with 3 bedrooms and 1 bath with a front porch and fenced yard.

FINANCIAL SUMMARY - Click for Detailed Breakdown

I assumed that an investor will purchase this property with 80% of the purchase price financed at a 5% interest rate.

At Listing Price Purchase Price: $95,000 Rehab: $15,000 Closing Costs: $2,850 Total Investment: $112,850 Financed Amount: $76,000 Cash Investment: $36,850 Annual Revenue: $19,200 Annual Expenses: $10,440 Interest: $3,800 Net Income: $4,960 Annual Return: 13% Annual Appreciation: $1,700 Total Return Potential: 18%

At Recommended Price Purchase Price: $85,000 Rehab: $15,000 Closing Costs: $2,550 Total Investment: $102,550 Financed Amount: $68,000 Cash Investment: $34,550 Annual Revenue: $19,200 Annual Expenses: $10,440 Interest: $3,400 Net Income: $5,360 Annual Return: 16% Annual Appreciation: $1,700 Total Return Potential: 20%

Want to Learn More About This Property?

• Find Out About the Neighborhood: Median Income, Poverty Rate, Unemployment Rate, % of Renters, Etc.
• Income Potential: See what similar homes are renting for in this neighborhood
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