18 S Highland Ave, Baltimore, MD 21224

3 bed/3 bath SFR / 1,452 sq ft / Done & Ready to rent

 

About the project

Built in 1920, this beautiful brick single family townhome is a gorgeous remodel – almost everything NEW & UPDATED! Stunning Bamboo floors, NEW granite counters, NEW kitchen cabinets, NEW windows, recessed lighting in most rooms, beautiful primary bath, ceiling fans in bedrooms, walkup basement, HUGE outside entertaining area – perfect for grilling, and much more to come!! **Washer & Dryer included and Security system included**

Located in the very popular Patterson Park (A-) neighborhood, just 1 block away from the park. Premium finishes throughout together with a top neighborhood will attract the best tenants, deliver excellent cash flow while assuring a strong exit strategy. 

Price:                              $230,000

Renovation:                  $0

Total All In:    $230,000

Rent:                                $2,200/mo

Property Mgmt (8%):   $176

Insurance:                       $87

Taxes:                               $226

Maintenance (5%):         $110

Vacancy (7%):                 $154

Total Expenses:              $753

NOI per month:              $1,447

Cap Rate:                         7.6%

GRM:                                 8.71

Comps*:                           $272,200

* Comps are NOT a guarantee, but an estimation of after repair value (ARV