South Longwood Street [II] Baltimore, MD

About Baltimore Properties

Baltimore was our most popular market of 2017 -- and it is still smoking hot.  It is one of the only healthy real estate markets that can produce a 10%+ cap rate on a quality 100K+ single family rental property in today's market.  Baltimore rents have been increasing year over year (Realtor.com) and, while home prices are rising as well, they are still below the pre-recession peak (FHFA.com) which means you can still buy low and rent high to maximize your cash flow margin.  And over 50% of residents in the city of Baltimore rent (compared to 36% national average) so, as unemployment remains below the national average, this produces high rental demand and a substantial pool of qualified tenants.  

South Longwood Street [II] Baltimore, MD

Property Summary

Type Single Family Home
Price $ 80,500
Rent $ 1,200 / mo
NOIDefinition $ 763 / mo
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Baltimore Highlights

Baltimore Properties:

  • Discounted price to cash buyers for funding the acquisition and renovation
  • 180-day renovation period guaranteed by seller
  • Renovation cost guaranteed by seller in advance
  • Improved property guaranteed by seller to appraise for more than you paid (or seller will buy it back)
  • 12-month rental guarantee (starting after 180-day renovation period) by preferred property manager
  • 6-month scope-of-work warranty from seller

Baltimore Market:

  • Home prices are still well below the pre-recession peak (FHFA.com) which means optimal price to rent ratios.
  • Unemployment rate below the national average (BLS.gov)
  • Job creation is attracting quality tenants as Baltimore was named one of the "Top 5 Best U.S. Cities to Find Work" (Careerist.com).
  • Median household income in Baltimore MSA is 30% higher than national average (Census.gov)

Disclaimer

All representations about this property--including but not limited to its features, expenses and potential rent--are made exclusively by the Seller and are not verified or guaranteed by Maverick. It is the sole responsibility of the buyer to do your own due diligence and independently verify all numbers presented here.
Due Diligence

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