Rental Property Case Study #2

1934 Village Green Drive



Property Info


Address: 1934 Village Green Dr, Hyattsville, MD 20785
Year Built: 1984
Sq Feet: 1180
Bedrooms: 2
Bathrooms: 2
Property URL: click here


Expenses



Monthly HOA: $226/month
Property Tax: $1,268/year
Home Insurance: $220/year (estimated)
Upkeep: $852/year (estimated)
Vacancy: $1420/year (estimated)
Monthly Management Fee: $71/month
Annual Expense: Monthly HOA x 12 + Property Tax + Home Insurance + Upkeep + Vacancy + Monthly Management Fee x 12 = $7324


Returns


Purchase Price (& Taxes): $114,387
Rehab Cost: $800
Annual Revenue: Monthly Rental Income x 12 + Purchase Price x Home Value Appreciation = $22,759
Annual Profit: Annual Revenue – Annual Expense = $15,435
Annual return on investment: Annual Profit / (Purchase Price + Rehab Cost) = 13.40%