🏡 Turnkey Occupied Rental — 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.
- 🛠️ 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.
📍 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.
- 📄 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
📊 Cap Rate Analysis
Cap rate ~7.5% based on the in-place $2,500/mo rent less estimated taxes, insurance, management, reserves, and closing costs. ARV and comps are opinions of value from recent nearby sales — buyer to verify all figures, lease terms, and comps, and perform own due diligence.