This large four bedroom single family home is located in the nice neighbourhood of Mosher. The property is only five minutes and only 1.6 miles from Gwynns Falls Park. The property has $10,000 included in the purchase price to make it rental ready, the management company have new tenants who are waiting to move into the property, they will be paying $1,100 per month. The property also has a one month rental guarantee while the tenant is being placed, you will be paid this on the day of closing. The property is under management by a great local company.
Mosher is a neighborhood in the western part of Baltimore, In Mosher there are a lot of parks and most of the residents tend to be retired. The property is next to Gwynns Falls Park the second largest woodland park in the United States consisting of over 1000 acres, this is by far Baltimore’s most extensive park, stretching from the western city line along the valley of the Gwynns Falls
Purchase price: 54,900
Gross annual rental income: $13,200
Property running costs: $2,188
(Tax, insurance and management costs)
Net annual rental income: $11,012
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%