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TURNKEY RENTAL – 32XX Phelps Ln Baltimore MD 21229

$ 69,900
3227 Phelps Ln, ,
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ARV
Seller's estimated After Repaired Value (ARV). Your ARV will depend on your plans for the property. Always do your own due diligence. Then make an offer.
-
Price
Seller's asking price. Your negotiation starts here. Make an offer. You may get a counter-offer to start negotiations. Make enough offers and you'll get some accepted.
$69,900
Repairs
Seller's repair estimate. Your repair budget will depend on your experience and on your plans for the property. Always best to visit the property to finalize your numbers. Then make an offer.
-
Zestimate©
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.
$44,359
Comps
Comps are similar homes that have recently sold close to the subject property. Make sure to compare differences in size, condition, and features.
$31,051 - $56,780
Rent Zestimate©
A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.
$1,150 / Month

Description

TURNKEY RENTAL (Rented)

NEW TERMS: SUBJECT-2 EXISTING FINANCING!

$79,000 Asking Price
$59,536 Subject2 Existing Financing
$14,000 Seller Financing
ONLY $8,000 CASH TO CLOSE

3227 Phelps Ln
Baltimore, MD 21229
3 beds 1 bath 1,270 sqft

COMPS RANGE Turnkey $79,900 – $160,000 Renovated
Mar 15, 2019
Sold (MLS) (Closed)
BRIGHT MLS #MDBA383928 $79,900
https://www.redfin.com/MD/Baltimore/4-N-Ellamont-St-21229/home/10993220

Aug 31, 2018
Sold (MLS) (Sold)
MRIS #BA10296035 $160,000
https://www.redfin.com/MD/Baltimore/6-S-Rosedale-St-21229/home/10993709

Cash Flow:
$1137 Market Rent (Current rent is $860)
https://www.rentometer.com/analysis/3-bed/3227-phelps-lane-baltimore-maryland-21229/zEzpd6WtWrA
$727 PITI
$410/month Cash Flow

PICS / VIDEO – https://www.dropbox.com/sh/fv2dleijgcj4bqv/AABSm9vuBrYE_MtZidrmke_za?dl=0

* Rent amount per unit – $860.00 monthly rent (Market Rent $1137/mo)
* Type of lease per unit (ex. month to month, annual, etc) – annual, ends 12/31/2019
* Payment status per unit (current, behind, etc) – current, only been there 4 months
* Copy of Payment Verification (please attach verification of last 3 months payments made) – available with POF
* Copy of Lead Paint Certificates per unit (please attach a copy) – available with POF
* Copy of Leases per unit (please attach a copy) – available with POF
* Subject2 Financing: 7.25% interest. $727.46 PITI. Balance $59,536. No prepay penalty.

Address: 3227 Phelps Ln
City:
State/County:
Zip: 21229
Country: United States
Open In Google Maps
Property Id : 29509
Bedrooms: 3
Bathrooms: 1
Property Size: 1,270 ft2
walkscore54 / Somewhat Walkable more details here

Active Life

WIPEOUTRUN Baltimore
(2.77 miles)WIPEOUTRUN Baltimore
Art With A Heart
(3.34 miles)Art With A Heart
Three Brothers
(0.5 miles)Three Brothers

Restaurants

The Tilted Row
(2.69 miles)The Tilted Row
Woodberry Kitchen
(3.41 miles)Woodberry Kitchen
Blackwall Hitch
(3.47 miles)Blackwall Hitch

Shopping

The Gallery
(3.22 miles)The Gallery
Collins Avenue Thrift
(0.67 miles)Collins Avenue Thrift
The Rotunda Shopping Center
(4.09 miles)The Rotunda Shopping Center

Transportation

Next Destination Transportation
(3.24 miles)Next Destination Transportation
Zulk Transportation
(5.57 miles)Zulk Transportation
Cross Country Movers
(2.77 miles)Cross Country Movers

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