Pigtown rowhome package, subject-to structure
Washington Blvd · Pigtown · Baltimore, MD 21230 · Baltimore City County
Exact address released to verified buyers with proof of funds on file.
Front elevation
1 / 6Asking price
$96,000
ARV range
$178K–$195K
Repairs
$44K–$55K
Discount to ARV
48.5%
Projected profit
$12,575
ROI
7.8%
Cap rate
8.2%
Cash-on-cash
8.0%
Risk flags and disclosures
Surfaced automatically from the listing data. Confirm every item during your own diligence.
Due-on-sale exposure
A subject-to structure can trigger the lender's due-on-sale clause. Legal review is required.
- Subject-to transactions carry due-on-sale risk. Consult your attorney before proceeding.
- Existing loan terms are seller-reported and require verification.
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
$76,100
Asking price is $20K above your rule.
Total basis
$160,870
Selling costs
$13,055
Holding costs
$3,100
Contingency
$4,950
Net profit
$12,575
ROI
7.8%
Annualized ROI
18.8%
Break-even sale price
$172,978
Modeled projections for demonstration only. They are not an appraisal, a guarantee of returns, or investment advice.
Owner has an existing mortgage at 3.25% with roughly $61,000 remaining and is open to a subject-to structure with a cash payment at closing. Property needs a moderate renovation. Novation paperwork is prepared and reviewable by verified buyers.
Beds / baths
3 / 1
Square feet
1,180
Lot size
960 sqft
Year built
1910
Units
1
Occupancy
Vacant
Market rent
$1,550/mo
Taxes
$175/mo
Access
Seller-accompanied showings
Highlights
- Existing note at 3.25% with about $61,000 remaining
- Novation agreement drafted and on file
- Moderate scope with no known structural issues
Known repairs
- Kitchen and bath
- Electrical update
- Roof repair
- Flooring and paint
Deal structure
Novation with an optional subject-to takeover of the existing note plus cash to the seller.