11921 TARRAGON RD #I Reisterstown, MD 21136

INVESTOR ALERT! Unique opportunity to stay in Baltimore County and own a turn key rental in Reisterstown for under $100,000! Property is already leased for $1,100/mo to qualified tenants with existing lease in place through June 2022! Fantastic, desirable location with convenient access to I-795, bus routes, subway system, shopping and dining! Parking lots were recently redone from the ground up. Property was recently renovated opening up the kitchen to fit desirable full-sized stainless steel appliances that similar units simply cannot accommodate; result is an OPEN FLOOR PLAN not seen in the other units within this development! Property boasts bamboo flooring and has a modern farmhouse aesthetic. Features include a stainless steel ethanol fireplace with stone surround built into elegant paneled wall with reclaimed oak mantel. Unit also features a unique mudroom space with built-in closet, coat hooks, bench seat, and additional storage. Wall to wall carpet in the bedroom less than 2 years old.
Included for download is an "Investment Property Income and Expense Budget" to help with your analysis of the home as an investment. Cap Rate: 8.03%, Debt Coverage Ratio (DCR): 1.86, ROI from cash flow: 14.86%, GRM: 6.63.