Cash Flowing Triplex, Hot Area! Available

  • $178,350
  • 4 beds
  • 3 baths
  • 2,184 sqft

44 Wayside Ave, Hagerstown, MD 21740


Details:

Great Multi Family Detached rental opportunity!

  • 3 floors, 3 apartments 4BDR/ 3Baths

  • 2,184 sqft

  • Buy & Hold to cash flow $1,300+ per month!!!

Purchase Price: $ 178,350

 

Access available via appointment after sending in current proof of funds!

Submit Offer

Deal Economics:

$178,350 Purchase Price

$17,835 Down Payment (10% down Traditional 30 year Mortgage
3.8% Interest rate

Deal Economics

Home value: $178,350
Down payment: 10.00%
Loan amount: $160,515
Interest rate: 3.80%
Loan term: 30 years
Start date: Nov, 2020
Property tax: $2,337.00
PMI: 0.50%
Yearly Home Insurance: $1,000
Monthly HOA Fee: $0

Payment with PMI  $1,092.90

 

 = $1,092.90 Monthly Payment
+$2,450 Monthly Rent
+$1,357.10 Net Rent per month
This means at the end of each month you will have a $1,307 positive cash flow.

 

AS ALWAYS USE YOUR OWN COMPS.  In case you need a head start, here are ours:

https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=17568671966

 

 

ax ID: 2222011332
Tax Map: 308
Tax ID Alt: 2222011332
City Council Dist: 22
Parcel Number: 167
Qual Code: BELOW AVERA
Sub District: 22
Assessment & Tax Information

 

Tax Year: 2020
County Tax (Est): $1,128
Municipal Tax (Est): $1,209
Asmt As Of: 2020
Annual Tax (Est): $2,337
Taxable Land Asmt: $37,400
Taxable Bldg Asmt: $113,800
State/County Tax: $1,129
Taxable Total Asmt: $130,867
Special Tax: $60

 

Lot Characteristics

 

 

Sq Ft: 9,840
Acres: 0.2260
Zoning: RMED

 

Building Characteristics

 

Residential Type: Standard Unit
Stories: 2.00
Total Units: 1
Abv Grd Fin SQFT: 2,184
Model: Standard Unit
Fireplace Total:
Patio Deck Type: CONCRT PATIO
Porch Type: Open
Full Baths: 3
Total Baths: 3.0
Exterior: Siding – Alum/Viny
Stories Desc: 2
Roof: Metal
Porch/Deck SQFT: 143
Patio/Deck SQFT: 50
Heat Delivery: Hot Water
Property Class Code: R
Basement Type: Yes (Type Unknown)
Sewer: Public
Year Built: 1911
Total Below Grade SQFT: 1,092
Sec 1 Construction: Sec 1 Area: 2184 Sec 1 Story Type: 2B
Sec 2 Construction: Concrete Sec 2 Area: 50 Sec 2 Story Type:
Sec 3 Construction: Sec 3 Area: 143 Sec 3 Story Type: 1
Codes & Descriptions

 

 

Land Use: 110 Residential
County Legal Desc: LOT 41X240 44 WAYSIDE AVE
Use Type: 2 Story With Basement

 

 

MLS History 

 

Price:
$178,350
Address:
44 Wayside Ave
Hagerstown, MD 21740
Square Feet:
2,184
Lot Size:
9,840
Bedrooms:
4
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1911

Call 410-316-6197 for more details

Property Location