Patterson Park rowhome with full gut scope
24XX E Baltimore St · Baltimore, MD 21224 · Baltimore City County
Front elevation
1 / 6Asking price
$132,000
ARV range
$265K–$289K
Repairs
$78K–$92K
Discount to ARV
52.3%
Projected profit
$12,270
ROI
5.0%
Cap rate
7.4%
Cash-on-cash
6.5%
Risk flags and disclosures
Surfaced automatically from the listing data. Confirm every item during your own diligence.
Repair estimate is seller-provided
No third-party contractor bid is on file. Budget a walkthrough before removing contingencies.
- Property is being sold as an assignment of contract; assignment fee is disclosed in the deal terms.
- Lead paint certification has not been issued for this property.
Underwrite this deal
Every input is editable and every number recalculates instantly. Seller figures are pre-filled — replace them with your own assumptions.
Maximum allowable offer
$100,400
Asking price is $32K above your rule.
Total basis
$245,340
Selling costs
$19,390
Holding costs
$5,700
Contingency
$8,500
Net profit
$12,270
ROI
5.0%
Annualized ROI
10.0%
Break-even sale price
$263,806
Modeled projections for demonstration only. They are not an appraisal, a guarantee of returns, or investment advice.
Two-story rowhome held by the same family since 1998, now vacant and cleared out. Structure and joists were spot-checked by the seller's contractor; the scope is a full cosmetic gut with mechanical replacement. Renovated comparables on the same block have resold between $262K and $291K in the last nine months.
Beds / baths
3 / 2
Square feet
1,420
Lot size
1,100 sqft
Year built
1920
Units
1
Occupancy
Vacant
Market rent
$2,100/mo
Taxes
$265/mo
Access
Lockbox — code released after verification
Highlights
- Two blocks from Patterson Park with renovated resale comps on the same block
- Vacant and broom-swept — no tenant coordination required
- Seller holds an executed contract with a 21-day closing window
Known repairs
- Full kitchen and two bathrooms
- Electrical service upgrade to 200 amp
- New HVAC system and ductwork
- Roof coating and rear parapet repair
- Refinish original pine flooring
Deal structure
Assignment of contract. Buyer closes directly with the property owner at the title company on file.