🏡 Tenant-In-Place 3BR Row Home in West Baltimore – 10%+ Cap Rate, Cash Flow From Day One
🔑 Buy It, Collect Rent Next Month
- 👥 Already leased at $1,200/month – no vacancy, no make-ready, no tenant search
- 📊 ~10% cap rate on a cash purchase – about $9,857/year NOI after taxes, insurance, management and maintenance reserves
- 💵 Under $100K all-in – $93,900 price plus estimated closing costs comes to about $98,100
- ✅ Lead-free interior and central AC per seller – a rental-ready, low-headache unit
📊 Investment Highlights
- 🛏️ 3 bedrooms / 1.5 baths on two stories
- 📐 1,432 sq ft above grade (per SDAT), built 1935, brick construction
- 🍳 Eat-in kitchen with ceramic tile floor, wood cabinets and gas range
- 🪵 Wood-look flooring throughout the main level and bedrooms
- ❄️ Gas forced-air heat with central AC
- 🧺 Basement with washer/dryer hookups, painted floor and plenty of storage
- 🌳 Large raised rear deck overlooking a fenced backyard
- 🏛️ Covered front porch with stone façade
- 🚗 Street parking
📍 Winchester / West Baltimore Insights
- 🛣️ Minutes to Edmondson Ave (US-40) and North Ave for easy commutes across the city
- 🎓 Close to Coppin State University
- 🌲 Near Gwynns Falls / Leakin Park, one of the largest urban parks in the country
- 🏘️ Established rowhome block with steady rental demand
⭐ Why 2905 Winchester St Stands Out
- 💰 Double-digit cap rate at a sub-$100K entry price
- 🔑 Tenant already in place – income starts at settlement
- 🤝 We can keep managing it for you – true turnkey, hands-off ownership
📲 Call Cris Now — (919) 675-2747
Run the numbers — 2905 Winchester 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.
Annual Revenue & Expenses
| Gross rent ($1,200 × 12) | $14,400 |
| Property taxes | −$1,303 |
| Home insurance | −$600 |
| Property management 10% | −$1,440 |
| Utilities – water | $0 |
| Ongoing maintenance | −$1,200 |
| Net operating income | $9,857 |
| Total investment (incl. $4,200 closing) | $98,100 |
| Cap rate (cash purchase) | 10.05% |
Financing
| Down payment (25%) | $23,475 |
| Est. closing costs | $4,200 |
| Cash to close | $27,675 |
| Loan amount | $70,425 |
| Mortgage payment / mo | $480 |
| Annual cash flow after debt | $4,092 |
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 current rent less estimated property taxes, insurance, management, maintenance reserves and closing costs. Property details and features are as provided by the seller and public records. Buyer to verify all figures and complete their own due diligence.