1f3e0; Renter-to-Owner Advantage Swap every rent check for equity - your payment stays the same. Estimated Mortgage (5% down on $131K @ 6.5% 30 yr): Loan: $124,450 2192; P&I 2248; $785 / mo Taxes ( $1,100 / yr): $92 / mo Insurance ( $800 / yr): $67 / mo Total… Read More PITI 2248; $944 / mo vs. $1,300 rent 2192; $356 / mo savings Year 1 Equity Build: Principal Pay-down: 2248; $1,300 3% Market Appreciation: 2248; $3,930 Total Wealth Gain: 223c; $5,230 Rent Credit Option: Apply the current tenant's $1,300/month lease toward your mortgage or down payment. Enjoy 3 bedrooms, a private rear yard, updated kitchen, hardwood floors and a walkable Brooklyn block near schools, parks and commuter routes. At $131,000, this is where affordability meets long-term wealth building. Unlock a solid brick rowhome at $131,000 with a month-to-month tenant paying $1,300 / mo and rental comps at $1,400-$1,600 / mo. Gross Annual Rent (current): $1,300 X 12 = $15,600 Yield: 15,600 / 131,000 2248; 11.9% Pro Forma with $1,500 / mo rents: $1,500 X 12 = $18,000 2192; Yield 2248; 13.7% Expenses (est. 40% of gross rent): Current rent: 15,600 X 0.40 = $6,240 / yr NOI: 15,600 - 6,240 = $9,360 / yr 2192; Cap Rate: 9,360 / 131,000 2248; 7.1% With $1,500/mo: NOI 2248; 10,800 2192; Cap Rate 2248; 8.2% Debt Service & Cash-on-Cash (75% LTV @ 6.5% - 30 yr): Loan: $98,250 2192; P&I 2248; $621 / mo 2192; $7,452 / yr Annual Cash Flow: 9,360 - 7,452 = $1,908 2192; CoC 2248; 5.8% Fresh paint, new flooring, modern fixtures and a low-maintenance brick exterior keep upfront cap-ex minimal. No HOA, low taxes, plus on-street parking. Minutes to transit (Route 40 bus, Light Rail), CCBC, shops and eateries ensure steady demand. Read Less
Courtesy of Vic Brocato, Long & Foster Real Estate, Inc. [email protected]
Listing Snapshot
Days Online
20
Last Updated
Property Type
Townhouse
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,276
Lot Size
0.03 Acres
Year Built
1927
MLS Number
MDBA2181246
30 Days Snapshot Of 21225
$227k
-29%
(avg) sold price
19
+46%
homes sold
53
+112%
(avg) days on market
Snapshot
Area Map
Additional Details
Cooling
Electric, Central Air, Central A/C
Basement
Fully Finished
Building
1,276 sqft living area, 1,052 sqft above grade (finished), 224 sqft below grade (finished), 224 sqft below grade (unfinished), Built in 1927, Structure Type: Interior Row/Townhouse, 3 levels, Traditional, Brick
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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