🔥 PRICE DROP: $128,000 → $118,900 — Newly Renovated Turnkey Investment in West Baltimore
🔑 Immediate Cash Flow, 14.5% Cap Potential & Bigger Equity from Day One
- 💸 Just reduced $9,100 – seller is motivated and this is the lowest price this renovated 3-bed has ever been offered at. Same house, same rent upside, better numbers.
- 💵 Currently rented at $1,440/month with a long term stable tenant in the home since 2019, solidifying easy & reliable long term returns
- 🚀 Upside to $2,013/month – Section 8’s Affordable Rent Range for this address confirms they will pay $1610 – $2013/mth at lease renewal (see below).👇
- 📈 12.5% cap at a conservative $1,750 rent – 14.5% cap at the $2,013 Section 8 max, all on a total investment under $124K (see the calculators below)
- ⏱ As your property manager, we can place your new tenant quickly at renewal – or retain the long term stable occupant. Buyer’s choice.
- 🔧 Turnkey & Hassle-Free: Fresh renovations mean low maintenance and great equity
📊 Investment Highlights
- 🛠️ Newly Renovated Throughout: Open concept first floor with beautiful hardwood floors, convenient half bath off living room
- 🛏️ 3 spacious bedrooms and full bathroom upstairs
- 🧺 Unfinished basement with washer/dryer hookups for flex space and storage
- 🔥 Forced air heating + air conditioning for year-round comfort
- 🏠 Classic townhome charm built in 1915, updated for modern living
- 💪 Strong rental demand in West Baltimore – perfect for cash-flowing portfolio addition
📍 Local Market & Neighborhood Insights
- 🌇 Prime West Baltimore location with easy access to downtown, public transit, and major routes
- 🏥 Just blocks from Grace Medical Center (formerly Bon Secours Hospital at 2000 W Baltimore St) – a major healthcare anchor providing jobs and services to the community for over 100 years
- 🏫 Proximity to the renowned University of Maryland Medical Center and University of Maryland, Baltimore campus – driving employment, stability, and ongoing revitalization
- 🎓 Nearby Coppin State University adds student and faculty rental demand plus community investment
- 🏘️ Revitalizing community on Baltimore’s west side – boosted by healthcare and education anchors for strong appreciation
- 🛒 Close to everyday amenities, parks, and employment hubs
⭐ Why 2516 W Baltimore St Is a Standout
- 💵 Reliable Cash Flow + Growth Potential – $1,440 base rent or push to $2,013 for max ROI
- 🌟 Move-In Ready Renovations – Open layout, modern finishes, and functional basement
- 💡 Lowest Entry Point Yet –
$145K$128K$118,900 for a renovated 3-bed with serious income upside and 36K+ in equity - 🔑 True Turnkey – Easy entry for new or seasoned investors
Secure this reduced, high-potential, renovated cash-flow asset before the next investor does — strong income, renovation upside, and Baltimore’s ongoing revival. 📲 Call Cris Now
👇Conservative Expectation at lease renewal👇
👇Maximum Expectation at lease renewal👇
Live Pro Forma
Run the numbers — 2516 W Baltimore St
Change the down payment or rate — every figure updates. Management at 10% and a full month’s rent in maintenance reserves are already built in.
12.48%Cap rate (all-cash)
$680Cash flow / mo (financed)
23.47%Cash-on-cash return
2.34xLender DSCR (rent ÷ payment)
Annual Revenue & Expenses
| Gross rent ($1,750 × 12) | $21,000 |
| Property taxes | −$1,086 |
| Home insurance | −$600 |
| Property management 10% | −$2,100 |
| Utilities – water | $0 |
| Ongoing maintenance | −$1,750 |
| Net operating income | $15,464 |
| Total investment (incl. $5,059 closing) | $123,959 |
| Cap rate (cash purchase) | 12.48% |
Financing
| Down payment (25%) | $29,725 |
| Est. closing costs | $5,059 |
| Cash to close | $34,784 |
| Loan amount | $89,175 |
| Mortgage payment / mo | $608 |
| Annual cash flow after debt | $8,164 |
Call Cris: (919) 675-2747Get real lender and insurance quotes on this house.
Estimates only, not a guarantee of future performance. Closing costs estimated at 3.435% of price (transfer, recordation, title) plus $975 in fixed fees. Maintenance reserve = one month’s rent per year. Management = 10% of collected rent (minimum $99/mo). Financed figures assume a conventional or DSCR investor loan; actual rate, terms, and eligibility depend on the lender. Buyer to verify all figures independently.
