🏡 $129,900 — Vacant, Rent-Ready 3BR Townhome Steps from Druid Hill Park
🔑 Pick Your Own Tenant, ~10% Cap from Day One & ~$20K Equity
- 🗝️ Delivered vacant — no inherited tenant, place your own at today’s rents
- 💵 Conservative rent estimate of $1,750/month used for the numbers below — today’s rents are on the rise
- 📈 ~10% cap rate at the conservative $1,750 rent on a total investment around $135K (run your own numbers in the calculator below 👇)
- 💰 ~$20K instant equity to a ~$150K ARV, supported by recent sales and listings on the same blocks
- 🚀 Section 8 upside — HABC’s Affordable Rent Range for this address is $2,340–$3,092/month for a 3BR voucher (tap “Section 8 max” in the calculator below 👇)
- ⏱ As your property manager, we can market and place your tenant fast
📊 Investment Highlights
- 🛏️ 3 bedrooms upstairs with full bathroom, plus a convenient half bath on the main level
- 🪵 Gleaming hardwood floors, freshly painted walls and a bright bay-front living room
- 🍳 Kitchen with stainless gas range, built-in microwave, dishwasher and granite-look counters
- 💡 Natural light, recessed lighting and ceiling fans throughout
- ❄️ Central A/C and natural gas heat
- 🧺 Massive basement with washer/dryer included — great storage
- 🌳 Rear deck and fenced backyard
- 🧱 Brick 2-story townhome built 1920, 1,260 sq ft above grade
📍 Parkview/Woodbrook Neighborhood Insights
- 🌳 Walking distance to Druid Hill Park — one of the country’s largest urban parks, home to the Maryland Zoo, the reservoir loop and Rawlings Conservatory
- 🚇 Minutes to Mondawmin Mall and the Mondawmin Metro subway station for easy commuting downtown
- 🎓 Close to Coppin State University, adding steady rental demand
- 🛣️ Quick access to Druid Park Dr, Reisterstown Rd and I-83
- 🏘️ Block of classic brick townhomes with renovated homes selling and listing nearby
📈 Comps & Market Support (~$150K ARV)
- ✅ Recent sale: 2812 Auchentoroly Terrace (around the corner, facing the park) — 3BR, SOLD 6/2026 for $163,800
- ⏳ Pending: 2877 Woodbrook Ave (same street) — renovated 3BR, under contract at $147,400
- 🏷️ Current listings on the block: 2827 Woodbrook Ave $159,999 · 2863 Woodbrook Ave $149,900
⭐ Why 2817 Woodbrook Ave Stands Out
- 🗝️ Vacant and move-in ready — set your own lease at today’s market rent
- 💵 ~10% cap rate with ~$20K equity on a clean, updated 3BR/1.5BA
- 🌳 Park-side location that renters want, near transit, schools and shopping
Grab this clean, rent-ready townhome before the next investor does. 📲 Call Cris Now — (919) 675-2747
Run the numbers — 2817 Woodbrook Ave
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.
Annual Revenue & Expenses
| Gross rent ($1,750 × 12) | $21,000 |
| Property taxes | −$3,444 |
| Home insurance | −$600 |
| Property management 10% | −$2,100 |
| Utilities – water | $0 |
| Ongoing maintenance | −$1,750 |
| Net operating income | $13,106 |
| Total investment (incl. $5,437 closing) | $135,337 |
| Cap rate (cash purchase) | 9.68% |
Financing
| Down payment (25%) | $32,475 |
| Est. closing costs | $5,437 |
| Cash to close | $37,912 |
| Loan amount | $97,425 |
| Mortgage payment / mo | $665 |
| Annual cash flow after debt | $5,131 |
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.
Pro forma figures are estimates based on projected rent less estimated property taxes, insurance, management, maintenance reserves and closing costs. ARV and comps are opinions of value based on recent sales, pending sales and current listings. Property details and features are as provided by the seller and public records. Buyer to verify all figures and complete their own due diligence.