630 patapsco

🏠 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 → P&I ≈ $785 / mo Taxes ( $1,100 / yr): $92 / mo Insurance ( $800 / yr): $67 / mo Total PITI ≈ $944 / mo vs. $1,300 rent → $356 / mo savings Year 1 Equity Build: Principal Pay-down: ≈ $1,300 3% Market Appreciation: ≈ $3,930 Total Wealth Gain: ~ $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 × 12 = $15,600 Yield: 15,600 / 131,000 ≈ 11.9% Pro Forma with $1,500 / mo rents: $1,500 × 12 = $18,000 → Yield ≈ 13.7% Expenses (est. 40% of gross rent): Current rent: 15,600 × 0.40 = $6,240 / yr NOI: 15,600 – 6,240 = $9,360 / yr → Cap Rate: 9,360 / 131,000 ≈ 7.1% With $1,500/mo: NOI ≈ 10,800 → Cap Rate ≈ 8.2% Debt Service & Cash-on-Cash (75% LTV @ 6.5% – 30 yr): Loan: $98,250 → P&I ≈ $621 / mo → $7,452 / yr Annual Cash Flow: 9,360 – 7,452 = $1,908 → CoC ≈ 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.