Annapolis, MD Real Estate Deal: $61K Discount
Tuesday, October 21st, 2008
We have analyzed this deal to see how this particular single family home in Annapolis would be as a rental property. These deals can be submitted by a variety of people like real estate wholesalers, investor focused real estate agents and brokers and our researchers. To submit deals, you can login (or register a new account) using our submit a real estate deal interface.
Where is this property?
It is located in Annapolis, MD. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #3463 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Annapolis Real Estate Resources Website featuring real estate investor articles and local deals.
Run your own analysis on this particular property. Use our new, FREE Offer Generator real estate investor tool to change our assumptions and use your own.
How did we find this property?
We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Annapolis area.
Learn to find motivated sellers using marketing in The 10 Cures for Finding Deals in Hot Markets. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #3463 and they can give you the full details about this property and help you in purchasing it.
The Story
Before we get into our full analysis, here is some of the interesting story for this particular deal:
Not a cash flow candidate, but there is some equity in this deal.
From the agent: This property is in foreclosure. Short sale. Third party (lender) approval required. Lender has turned down offer of $350000.
Read What Comes First: Your Buyers List or A Deal?
Property Details
- Bedrooms: 2
- Baths: 2.50
- Square Footage: 1,728 (see square footage estimates for info)
- All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.
Income
- Gross Rent: $1,800/month (see Rent Estimates for more info)
- 4.00% Vacancy Adjustment: $72/month (see Vacancy Estimates for more info)
- Net Rent: $1,728/month
- NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.
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