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Montpelier Street: Big Equity!!! So bid NOW!!!! |
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Montpelier Street: Big Equity!!! So bid NOW!!!! Rehabbed this house two years ago and it has been rented for the past two years to the same tenants for $800/m. It has replacement windows, an updated kitchen, a gas forced hot air furnace, hardwood floors, and a 100 amp electric panel. Property management is already in place: Magnolia Property Services, 410-230-0092. Help with financing available. Address: Montpelier Street, Baltimore Description: 3 BR TH, turnkey rental with $40K equity! Your Price: 83K Rented for: $800/m Fair Market Value: $116K A $70K, 30 year mortgage at 7% would be $466/m. Taxes on this property are $405/yr or $34/m. Add $40/m for insurance and your total PITI is $540/m, meaning you have a $260/m positive cash flow, plus $40K in equity! A $2000 deposit required. Call me at 443-929-6303 as soon as possible if you are interested. You must be paying cash or be pre-qualified with a Baltimore lender to put a contract on this property. For More Details and Picture click this link: http://www.3daybid.com/auction/item.php?id=435
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