3001 Milford Ave, Baltimore, MD 21207
Are you looking for your next profitable flip? Look no further as this could be THE exciting opportunity just waiting for you!
Nestled just half a mile away from the renowned Forest Park Golf Course, this Baltimore City property boasts a prime corner lot, ensuring maximum visibility and future potential.
While this investment house needs some TLC and updates, it presents a golden opportunity for those willing to invest in its transformation. With a little work, you can unlock its hidden potential and significantly increase its value.
š” Key Details:
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3 beds/1 bath, 1,251 ab gr sq ft
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1/2 mile away from Forest Park Golf Course
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2-car detached garage
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Unfinished basement
COMPS: https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=40304023442
THERE WILL BE A ONE TIME SHOWING THIS FRIDAY. RSVP BY EMAIL.
ARV: $360,000
Repairs: $70-85,000 but please do your own diligence
Purchase Price: $169,500, (closing by 11/10/2023 or ASAP)
Submit Offer Here
Our own internal financial analysis shows this deal with a 21% Net Return after holding costs have been calculated.
This represents a NET MARGIN OF $77,590!
Here’s our internal financial analysis:
| Exit Summary Calculation Variables | Full Rehab |
| ARV / Sales Price | $ 365,000 |
| Purchase Price or Right to Buy – Assignment | $ 169,000 |
| Repair Estimate | $ 75,000 |
| Total Purchase Price + Estimated Repairs | $ 244,000 |
| Less: Down Payment | $ – |
| Loan Amount | $ 244,000 |
| Purchase Price + Estimated Repairs as % of ARV | 66.8% |
| Closing Costs (Purchase – Title) | $ 2,535 |
| Loan Appraisal/Survey/Subdivision Fee | $ – |
| Origination/Points Fee | $ – |
| Loan Interest | $ – |
| Carrying Costs | $ 13,500 |
| Commissions | $ 9,125 |
| Closing Costs (Sale – Title) | $ 9,125 |
| Referral Fees – (Assignment) | $ – |
| Realtor Sales Commission | $ 9,125 |
| Total Carrying Costs | $ 43,410 |
| Total Investment in Property | $ 287,410 |
| Days to Dispo | 180 |
| Net Margin (Dollars) | $ 77,590 |
| Net Margin % | 21.3% |
| Target Performance (Dollars – Assignment) | 20.0% |
Tax Record Information
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