Great Cash Flow Opportunity on Baltimore Rehab Deal
Tuesday, October 7th, 2008
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We have analyzed this deal to see how this particular single family home in Baltimore would be as a rental property. We try to research and analyze better than average deals for you to help save you time and money. You can read about what it is like researching properties for deals on your own in our article: Find Real Estate Deals is a Numbers Game.
Where is this property?
It is located in Baltimore, 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 #3332 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Baltimore Real Estate Resources Website featuring real estate investor articles and local deals.
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 Baltimore area.
Learn to find motivated sellers using marketing in Buying Houses with Door Hangers. 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 #3332 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:
This is a great big house that has potential for multi unit development (must check zoning but next door is 3 units) Property had a fire, needs full gut rehab - could retail for $169K (comps available) or hold for great cash flow.
Read Raising Rents: Big Changes or Gradual Increase.
Property Details
- Bedrooms: 4
- Baths: 2.00
- Square Footage: 1,600 (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: $1,900/month (see Rent Estimates for more info)
- 4.00% Vacancy Adjustment: $76/month (see Vacancy Estimates for more info)
- Net Rent: $1,824/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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