Posted by Francie on September 09, 2009 at 18:40:05:
Not a lot of traffic on this wide open dead end Street located in between Harlem and Easterwood Parks. One of the section 8 tenants across the already expressed an interest when this is rehabbed and he had a 1k per month section 8 voucher. Although this is a typical city rental, it is a nice and quiet area with friendly people! I am keeping the numbers conservative to give someone an opportunity to own a fully rehabbed, section 8 compliant Baltimore rental for 48K. Check out the pic…Here are the numbers:
ARV $ 80,000
REHAB $23,000
MAO $33,000
Total contract price, including wholesale fee $23,000 ($10k below MAO)
MORTGAGE $382 per month, based on 70% LTV, 30yr, 7.25%
TAXES $24 per month
INSURANCE $55 per month
Property Manager $85
RENT $850
MONTHLY PCF $300
GROSS CASH OUT $10,000
CALL TODAY BECAUSE THIS SETTLES Sept 18th
Email: franciegrieb@yahoo.com or call 443-834-2537