Renovated, Occupied, 5yr Warranty Sold

$102000
4 beds
3 baths

Sold

Price:: $102000
Address:: 923 N Bentalou St
Baltimore, MD 21216
Bedrooms:: 4
Bathrooms:: 3

Terms:: For Sale
Property Type:: Home
Basement:: Finished
Const. Type:: Brick Row Home

Additional Features

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Hi Friend,

Today we're sharing another model I get asked for quite often ... a newly completed full gut renovation with a fresh 12mth leasee in place. Zero deferred maintenance, 5yr warranty and guaranteed Section 8 rental income generating a healthy 10% Capitalization Rate. New electrical, new plumbing, new hvac, new floors, new fixtures, new lighting ... new everything. Walking distance to a great college, two highschools, a mall, Starbucks, public transit, parks and more. All at the very affordable price of $102,000.

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

923 N. Bentalou St, Baltimore, MD

923 N Bentalou St, Baltimore, MD 21216
4br/3ba
Cap Rate: 10.00%
Income Analysis
Sales Price: $102,000
Current rental income: $1,331/mo
Estimate Annual Taxes: $1,747
Estimated Annual Insurance: $840
Estimated Annual Maintenance Costs: $1,331
** 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: $1,597
**The fee is 10% of the monthly rent.
Annual Net Rental Income: $15,972
Annual Cumulative Hard Costs: $5,515
Adjusted Gross Annual Income: $10,457
5 Year Return: $52,285
10 Year Return: $104,570

Comps:
1312 N Bentalou St - sold for $119k
2544 W Lanvale St - for sale $125k
2318 W Lanvale St - sold for $109k

Property and Area Photos

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More About Evergreen Lawn Community

Evergreen Lawn ZIP codes: 21216

Evergreen Lawn is a historic community in West Baltimore with a strong base of long-term homeowners and sense of pride. Evergreen Lawn features several tree-lined blocks of three to four bedroom historic row homes complete with front lawns. In addition, the Evergreen Lawn neighborhood is a short walk to the West Baltimore MARC train station, which can connect commuters to Washington, D.C.'s Union Station in approximately 45 minutes. The neighborhood also provides easy access to I-95 and 295, the Baltimore-Washington Parkway. Not to mention the neighborhood is only a 10-minute drive to downtown Baltimore. This West Baltimore community is anchored by the several churches and the Empowerment Academy, a recognized public charter school. Neighborhood engagement is supported by the Evergreen Protective Association, a community group which has been rooted in the neighborhood for more than 60 years.

What's a Cap Rate?

The net income an asset produces in a given year divided by its purchase price. The capitalization rate is used to help determine the rate of return, or how fast an asset pays for itself and begins to make a profit. For example, if an asset cost $1,000,000 and it produces $100,000 in a given year, the capitalization rate is 10% and it will take 10 years to pay for the asset with the money it produces. However, it is important to note that the capitalization rate may change from year to year. For example, the same asset could produce $100,000 in year one but $250,000 in year two. It is informally known as the cap rate.

Call (919) 675-2747 for more details