Baltimore Properties
Why invest in Baltimore?
- Baltimore is one of only a few real estate markets that can produce an 8%+ cap rate on a quality 100K+ single family rental property.
- Baltimore rents have been increasing year on year. (Realtor.com)
- Home prices are still below the pre-recession peak (FHFA.com) meaning you can still buy low and rent high to achieve optimal price to rent ratio.
- Over 50% of residents in the city of Baltimore rent compared to the national average of 36%.
- Baltimore was named one of the ‘Top 5 Best US Cities to find work’ (Careerist.com).
- Unemployment below the national average (BLS.gov) combined with high rental demand produces a substantial pool of qualified tenants.
- Baltimore has experienced an 8.3 percent increase in home sales prices since 2018 (Redfin) and there is room for continued growth.
- Median household income in Baltimore MSA is 30% higher than national average (Census.gov).
The impact of Washington, D.C. on Baltimore’s housing boom:
- In 2016 Washington DC joined the list of the 20 most expensive major metro markets in the United States. (Trulia)
- Large pool of government employees working in Washington and the surrounding area creates rental demand.
- Baltimore is conveniently 40 miles away from D.C. (45 minutes by train) and is significantly less expensive.
SOLD
18 S Highland Ave, Baltimore, MD
3-Bed / 3-Bath / 1,452 sq ft – All NEW Renovation & Premium finishes
- Asset Cost: $230,000
- Reno Cost: $0
- Total Cost: $230,000
- Rent: $2,200 / month
- Cap Rate: 7.6%
Comps*/ARV $272,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
for sale
29 S East Ave, Baltimore MD
3-Bed / 1-Bath / 1,288 sq ft – All NEW Renovation
- Asset Cost: $200,000
- Reno Cost: $0
- Total Cost: $200,000
- Rent: $2,100 / month
- Cap Rate: 7.8%
Comps*/ARV $220,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
for sale
431 E Lorraine Ave, Baltimore MD
2-Bed / 2-Bath / 1,200 sq ft – Recent Renovation, strong built-in equity
- Asset Cost: $85,000
- Reno Cost: $40,000
- Total Cost: $125,000
- Rent: $1,400 / month
- Cap Rate: 7.9%
Comps*/ARV $152,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).