Executive SummaryFully renovated, stabilized income-producing property configured as five private bedroom suiteswith five full baths and one half bath. The property is 100% occupied with newly signed one-yearleases and has a proven operating history serving Johns Hopkins students and healthcareprofessionals.Property Highlights• Approx. 2,400–2,500+ SF• 5 Bedrooms / 5 Full Baths / 1 Half Bath• Dual HVAC systems• Two laundry rooms• New plumbing, electrical, HVAC• Excellent condition• Fully occupiedRent RollFour rooms at $950/month and one room at $875/month. Gross monthly income: approximately$4,675. Gross annual income: approximately $56,100.Operating SummaryOwner-paid utilities are approximately $700/month. Home warranty approximately $75/month. NoHOA. Mortgage approximately $1,800/month (includes escrow; mortgage is not used in NOIvaluation).Investment ThesisThe property is best marketed as a turnkey, cash-flowing investment rather than a traditionalsingle-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkinsdistinguish it from many nearby properties.Valuation DiscussionResidential comparable sales and the income approach should both be considered. Theappropriate asking price should ultimately be supported by verified comparable sales, legal rentalconfiguration, and documented operating income.Marketing StrategyTarget investor buyers seeking immediate cash flow, student housing, healthcare-worker housing,or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history.Next StepsThis memorandum is a preliminary package. A final broker-quality offering memorandum shouldincorporate current comparable sales, neighborhood maps, charts, verified operating statements,and professional photography.Current Rent RollRoomMonthly Rent1-$9502-$9503-$9504-$9505-$875Total$4,67Turn Key Home, furniture included.
Listed by:
Turn Key Homes Litmited Libability
Source:
BRIGHT MLS
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Jul 3, 2026 | 11 days ago | Price decreased25,000 (6%) | $425,000 |
| Jun 30, 2026 | 14 days ago | New on market | $450,000 |