Rehabbed this house two years ago and it has been rented for the past
two years to the same tenants for $800/m. It has
replacement windows, an updated kitchen, a gas forced hot air furnace,
hardwood floors, and a 100 amp electric panel.
Property management is already in place: Magnolia Property Services,
410-230-0092. Help with financing available.
Address: Montpelier Street, Baltimore
ADC Map: 35E7
Description: 3 BR TH, turnkey rental with $40K equity!
You=92re Price: 83K
Rented for: $800/m
Fair Market Value: $116K
Auction ends: May 01, 2008 - 14:24
A $70K, 30 year mortgage at 7% would be $466/m. Taxes on this property
are $405/yr or $34/m. Add $40/m for insurance and your
total PITI is $540/m, meaning you have a $260/m positive cash flow,
plus $40K in equity!
A $2000 deposit required. Call me at 443-929-6303 as soon as possible
if you are interested. You must be paying cash or be
pre-qualified with a Baltimore lender to put a contract on this
property.
For more information and wholesale deals pleasevisit
http://www.3daybid.com/auction/item.php?id=3D435
Free posting!!!
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