🏡 Turnkey Occupied Rental with 5.25% Assumable Financing — Recently Renovated Detached Colonial in Arlington
🔑 Cash Flow Today, Equity Built In
- 💵 ~7.5% cap rate at the $250,000 price on the in-place $2,500/month rent (see the full analysis below).
- 📄 Occupied on a stable ~2-year lease — income secured at $2,500/mo through 5/31/2028, with a rent-increase window in 2027. Zero vacancy, returns from day one.
- 🏦 ~$40K of built-in equity — priced roughly $40,000 under a ~$290K after-repair value supported by a recent renovated-detached sale one block up.
- 💳 Assumable ~5.25% financing available — an optional low-rate loan-assumption path for the right buyer (details below).
- 🛠️ Newly Refreshed & professionally managed — a genuinely hands-off, cash-flowing asset.
📊 Investment Highlights
- 🏠 Spacious 2,272 sq ft detached colonial (2.5 stories) on a large 50 x 140 corner lot — a rare detached home with real land.
- 🍳 Renovated kitchen: white shaker cabinets, granite counters, glass-front cabinetry, and a stainless + gas appliance package, plus built-in pantry shelving.
- 🛁 2 full baths, generous light-filled rooms (including bay-window sitting areas), new LVP flooring, fresh paint, and updated lighting.
- 🧱 Classic 1928 construction with a covered front porch, full basement, and big front and rear yards.
💳 Optional: Assume Financing at ~5.25%
- 🔑 Prefer cheap, in-place leverage? This one can be acquired via LLC transfer, taking over the seller’s existing ~5.25% financing — no new loan qualification and no lender involvement.
- 💵 Indicative structure: roughly ~$140K down with the remaining ~$110K balance staying in place at ~5.25% — a well-below-market rate in today’s environment.
- 🏦 Or simply purchase at $250,000 cash / conventional — the ~7.5% in-place cap works either way.
📍 Arlington / Northwest Baltimore Insights
- 🛣️ Convenient NW Baltimore location with quick access to I-83, the Beltway (I-695), and Pimlico.
- 🏥 Near Sinai Hospital and the Pimlico / Park Heights redevelopment corridor.
- 🏘️ Steady rental demand and strong tenant retention — ideal for a long-term, hands-off hold.
📈 Comps & Market Support (~$290K ARV)
- Recent sale: 5812 Narcissus Ave (renovated detached, 2 baths, same street) sold $295,000 (1/2025).
- Area renovated sales in 21215 run into the ~$250,000s+ (e.g., 2505 Oakley Ave — $250,000, 3/2026).
- At $250,000 you’re acquiring a comparable renovated detached home ~$40K below the nearest renovated sale on the block — and it already cash-flows at ~7.5% cap.
⭐ Why 5510 Narcissus Ave Stands Out
- 💰 Cash flow + equity — ~7.5% cap AND ~$40K under the nearest comp value.
- 💳 Optional ~5.25% loan assumption — rare cheap leverage via LLC transfer.
- 📄 Occupied with a long term lease — no vacancy risk, income in place through 2028.
- 🌟 Renovated detached home with a big lot in an appreciating NW Baltimore pocket.
Secure this rare occupied, renovated, cash-flowing detached home. 📲 Call Cris Now — (919) 675-2747
Run the numbers — 5510 Narcissus 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 ($2,500 × 12) | $30,000 |
| Property taxes | −$4,491 |
| Home insurance | −$600 |
| Property management 10% | −$3,000 |
| Utilities – water | $0 |
| Ongoing maintenance | −$2,500 |
| Net operating income | $19,409 |
| Total investment (incl. $9,563 closing) | $259,563 |
| Cap rate (cash purchase) | 7.48% |
Financing
| Down payment (assume loan) | $139,816 |
| Est. closing costs | $9,563 |
| Cash to close | $149,379 |
| Assumed loan balance (est.) | $110,184 |
| Existing loan payment / mo (P&I) | $613 |
| Annual cash flow after debt | $12,053 |
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.
Cap rate ~7.5% based on the in-place $2,500/mo rent less estimated taxes, insurance, management, reserves, and closing costs (shown for a cash purchase). Financing-assumption terms (~5.25% rate, ~$140K down, ~$110K balance) are indicative and subject to seller/lender approval — buyer to verify all figures, financing and lease terms, and comps, and perform own due diligence. ARV and comps are opinions of value from recent nearby sales.