Great Baltimore Rental or Fix and Flip

House

1300 square_feet

3 Bedrooms

1 Baths
Flip/Rental

$55,000

Status : Sold

Year Built : 1920

Description

3926 Reisterstown Rd Baltimore MD 21215. Solid Brick Exterior home. 1,300 Square Feet of Living Space. This property is rent ready and was getting $1,000 – $1100 per month. If using Section 8 for tenants, rents could command an EXTRA $100-$200 dollars a month in this area. This house has 3 Bedrooms 1 1/2 Baths.

Price – 55,000
Renovation Costs (if you chose to flip) - $40,000, for a very high-end upgrade
After Repair Value - $137,000

Lock Box access available for property access!

Rehab Work Needed

Air Conditioning
Appliances
Bathroom
Floor
Kitchen
Living Room
Master Bedroom
Paint Interior

Distance

Beach : 60 Minutes
Bus : 2 Minutes
Cafe : 5 Minutes
Gas Station : 3 Minutes
Hospital : 8 Minutes
Pharmacy : 5 Minutes
Playground : 5 Minutes
Police : 8 Minutes
Repair : 5 Minutes
Train : 5 Minutes

Summary

Overview

Sold

$55,000

Property ID: MD19106235

Address: Login to View

City: Baltimore County and City

State/Province: MD

Zip Code: 21215

Country: USA

Rental Analysis

+ Purchase Price: $55,000

+ Purchase Closing Cost: $0

+ Rehab Cost: $0

Total Acquisition Cost: $55,000

Monthly Rent: $1,100

+ Annual Potential Rent: $13,200

- Vacancy (0%): $0

Annual Gross Income: $13,200

Annual Gross ROI: 24%

Flip Analysis

+ Purchase Price: $55,000

+ Purchase Closing Cost: $550

+ Rehab Cost: $40,000

Total Acquisition Cost: $95,550

+ Selling closing cost: $1,370

+ Agent Commision : $1,370

+ Insurance (6 Months) : $450

+ Utilities (6 Months): $750

+ Miscellaneous Expenses: $500

Total Holding Cost: $4,440

Total Flip Cost: $99,990

Projected ARV: $137,000

Net Income (Profit): $37,010

CAP Rate: 37.01%

Great Baltimore Rental or Fix and Flip

Summary

Rental Analysis

Flip Analysis

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