Great Buy and Hold deal in baltimore

[Jamal L.]

Off Market Buy and Hold Exclusive 2127 Penrose st . Baltimore MD, 21223 4BR 1BTH 1000 SQFTONLY $18K Market rent $1,000.00 New Bathroom Updated & Spacious kitchen Only needs Heating & Electrical Upgrades Approximately $20-25K needed for repairs GREAT FOR ROOMING HOUSE GENERATE $2.5K A MONTH

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Buy and Hold Return is very attractive $18k + $25k repairs + Closing cost $2.5k = $45.5k Total Acquisition 6 Room Rental @ $500 mth Gross income 36,000.00 Vacancy allowance -5,700.00 Gross Operating income 30,300.00 Expenses Annually Taxes - $800 Insurance - $850 Maintenance -$1,000 Electricity -$2,400 Water -$1,500 Property Manage (PM) -$3,600 Annual expenses ($10,150.00) Gross Operating Income $30,300.00 Annual Expenses -10,150.00 Net Operating Income $20,150 NOI = 27% ROI Total expense paid for in 3.7 Years! 32% W/O PM Net Operating Income $23,750

Please do your own due diligence. House is being sold as-is, and buyer is to pay all closing costs. We need Proof Of Funds before scheduling a viewing. Price is based on a cash or hard money offer. All properties offered are either owned by Living Legacy Property Management L.L.C, under contract and selling equitable interest, or offered in conjunction with a business associate. All offers on properties require a $1,500 non-refundable earnest deposit and 14 day close of escrow. We respond immediately to an offer. Equal Opportunity Housing. View more pic