16.5% ROI – Occupied Rental fresh off the line Sold

  • $89000
  • 2 beds
  • 2 baths
Price:
$89000
Address:
6556 Parnell Ave
Baltimore, MD 21222
Bedrooms:
2
Bathrooms:
2
Terms:
For Sale
Property Type:
Row-house
Basement:
Dry Storage

Additional Features

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Hi Friend,

Happy August and I hope yourSummer is going well. Today we've got another fresh new renovation that's just coming out of our production line and is ready for your cash flow portfolio. This two bedroom & two bathroom home with a dry storage basement has just been refreshed from top to bottom and it's new tenant occupant moved in August 1st on a twelve month lease for immediate & worry free cash flow.

Looking forward to answering your questions!      -Cris
919-675-CRIS

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6556 Parnell Ave, Baltimore, MD 21222
2br/2ba
ROI: 16.48%

Income Analysis
Listing Price: $89,000
Current Rental income: $1150/mo
Current Annual Taxes: $1175
Estimated Annual Insurance: $600
Estimated Annual Maintenance Costs: $1,150
** This estimate is based on any potential repairs the property may need over the course of a year. In our experience, this number is typically lower, but we always estimate on the high side.
Annual Property Management: $1,380
**The fee is 10% of the monthly rent.
Annual Net Rental Income: $13,800
Annual Cumulative Hard Costs: $4,305
Adjusted Gross Annual Income: $9,495
5 Year Return: $47,475
10 Year Return: $94,950

Renovated Comps:
6552 Parnell Ave - sold 06/18 for $86k
24 Kinship Rd - sold 03/19 for $110k
135 Baltimore Ave - for sale for $106k
6567 St. Helena Ave - sold 03/18 for $100k

 

Property and Area Photos











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More About Dundalk Community
Dundalk ZIP codes: 21222
 
Dundalk is an unincorporated community and census-designated place in Baltimore County, Maryland, United States. The population was 63,597 at the 2010 census. In 1960 and 1970, Dundalk was the largest unincorporated community in Maryland. It was named after the town of Dundalk, Ireland. It was first explored by John Smith in 1608. Up until this time, the area was occupied by the tribes of the Susquehannock Indians.
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Behind the Scenes






 
Other Questions? Call Now!

Call (919) 675-2747 for more details

Property Location