This fantastic three bedroom, one bathroom property is located in Shipley Hill which is just just 2.5 miles from Downtown Baltimore and also just opposite the newly built Frederick Elementary School. The property has just been refurbished from top to bottom and the management company will bet placing brand new tenants after the new owner closes on the property. The property is management by a great Baltimore local management company..
The property is located in Shipley Hill which is only 2.5 miles from Downtown Baltimore. Shipley Hill is surrounded by some great neighbourhoods such as Pigtown, Mt Clare and Gwynn Falls. The property is directly opposite.the newly built Frederick Elementary School and also less than one mile and three minutes from The Seed school of Maryland, a great public boarding school that opened in 2008.
Purchase price: 70,900
Gross annual rental income: $13,200
Property running costs: $2,528
(Tax, insurance and management costs)
Net annual rental income: $10,672
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%