Three bedroom house, Baltimore, USA
Baltimore, City of Baltimore, Maryland, USA
Property ID: 34974034
Summary Data
| Price | £42,376 |
| Price Type | |
| Bedrooms | 3 - Bed |
| Bathrooms | 1 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This fantastic three bedroom, one bathroom property is located in Coppin Heights which is just just 3.3 miles from Downtown Baltimore and just two minutes ( 0.3 miles ) from Coppin State University. The property is currently undergoing an $8,000 refurbishment which is included in the price. The property also has a one month rental guarantee while the tenant is being placed, the new tenant will be paying $1,100 per month. The property is under management by a great local company.
Coppin Heights is a new area in demand for investors. The University is in the midst of an incredible building boom. With the expansion of Mondwamin Mall, the whole area is changing and going through a revitalisation. Coppin St. University is truly breathing life into this community.
Investment Details
Purchase price: 49,900
Gross annual rental income: $13,200
Property running costs: $2,628
(Tax, insurance and management costs)
Net annual rental income: $10,572
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 22%