This large Four bedroom single family home is located in the very nice neighbourhood of Edmondson Village. The property is only three minutes and less than 1 mile from Gwynns Falls Park. The property has four large bedrooms a large lounge/diner, two bathrooms and a very clean and refurbished large basement. The property has just been updated throughout with new updated kitchen, bathroom, new carpets and paint. The management company will be placing brand new tenants when the new owner closes on the property paying $1,200 in rent each month.
Property Details
• Four bedrooms.
• Two bathrooms.
• Full Basement
• 1,360 sqft built.
• Fully managed.
• Local staff.
• Garden
• Tenanted.
Investment Calculation
Purchase price: 74,900
Gross annual rental income: $14,400
Property running costs: $3,505
(Tax, insurance and management costs)
Net annual rental income: $10,895
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%
Break even in 6.6 Years