Big 3br/3.5ba with 45k Equity Sold

$129900
3 beds
3.5 baths

Sold

Price:: $129900
Address:: 1722 N Bond St
Baltimore, MD 21213
Bedrooms:: 3
Bathrooms:: 3.5

Terms:: For Sale
Property Type:: Home
Basement:: Finished
Const. Type:: Brick Row Home

Additional Features

*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|*

Hi Friend,

Love emailing you with the word NEW and that's what we're doing today, as we're nearing completion on another brand new renovation for your consideration. This is a larger row home with 3 bedrooms, 3.5 bathrooms plus a den and it's just a quick bike ride from one of our favorite campuses, the world-class Hopkins biotech center namedScience + Technology Park at Johns Hopkins.⚛ Further, it sits within one of Baltimore's best neighborhood revitalization stories of recent record (more details below). As you've come to expect from us, this home delivers both a respectable capitalization rate as a rentaland a strong appreciation component for a future sale as well.Take a look below at the gorgeous repointed historic brick front, the slate tile baths, recessed lighting and crown molding features ... just to name a few. This home is brand new from top to bottom and it's perfect for nurses, teachers, students or anyone seeking housing close to the medical campus or brand new Henderson-Hopkins School of Education. Let us act as your property manager too and we'll guarantee a tenant placed within 30 days or we'll cover the first month's rent!

Looking forward to answering your questions!
-Cris
919-675-CRIS

1722 N Bond St, Baltimore, MD

1722 N Bond St, Baltimore, MD 21213
3br/3.5ba
Cap Rate: 10.04% + 45k equity
Income Analysis
Listing Price: $129,900
Estimated monthly rental income: $1500/mo
Current Annual Taxes: $511
Estimated Annual Insurance: $600
Estimated Annual Maintenance Costs: $1,500
** This estimate is based on any potential repairs the property may need over the course of a year. In our experience, this number is typically lower, but we always estimate on the high side.
Annual Property Management: $1,800
**The fee is 10% of the monthly rent.
Annual Net Rental Income: $18,000
Annual Cumulative Hard Costs: $4,411
Adjusted Gross Annual Income: $13,589
5 Year Return: $67,945
10 Year Return: $135,890

Renovated Comps:
1414 N Bond St sold 01/18 for $175k
1531 N Bond St for sale for $162k
1401 E Lanvale St for sale for $174k

Property and Area Photos

More About Oliver Community

Oliver ZIP codes: 21202, 21213

The Oliver neighborhood has been in the news recently, not for blight and bad news, but because the neighborhood is being revitalized with astounding speed and momentum. On a regular basis, homes are being newly-renovated and homeowners are investing in the community. Baltimore City Housing’s Vacants to Value program has seen much success in Oliver, and has changed entire blocks for the better, turning blight into beautiful new homes. Through a partnership with a non-profit organization called The 6th Branch, the Oliver neighborhood receives ongoing support from military veterans who have devoted themselves to making Oliver a safe place for families and residents to grow and live. With it's proximity to the ever growing Johns Hopkins Hospital Campus and the Eager Park Development Zone, the future looks bright for Oliver.

Unaware of what the Baltimore
Real Estate Market has to offer?

Baltimore City was named the #1 Rental Millenial Mecca Market for 2017 as well as #2 in the Nation for Single Family Rental Income Returns! Finally it's recently been named the #1 market in the US for property flip returns as well.

Make sure to also read about the multi-billion dollar Port Covington project coming up in downtown Baltimore. It's one of the largest development projects currently on the East Coast, bringing in 20k new employees to the downtown area. Recently Goldman Sachs invested $233 Million in this project too in an effort to lure Amazon to make Baltimore it's 2nd Home.

What's a Cap Rate?

The net income an asset produces in a given year divided by its purchase price. The capitalization rate is used to help determine the rate of return, or how fast an asset pays for itself and begins to make a profit. For example, if an asset cost $1,000,000 and it produces $100,000 in a given year, the capitalization rate is 10% and it will take 10 years to pay for the asset with the money it produces. However, it is important to note that the capitalization rate may change from year to year. For example, the same asset could produce $100,000 in year one but $250,000 in year two. It is informally known as the cap rate.

Call (919) 675-2747 for more details