0%

ROI
OPEN FOR INVESTMENT

623 W Franklin St, Hagerstown, MD 21740

623 W Franklin St, Hagerstown, MD 21740, USA

3 Bedrooms 2 Bathrooms 2,856 sqft

Offered by Vairt

$ 109,900 Total Investment $ 25,000 Minimum Investment

  • Indicative yields calculated based on property price and current and estimated rents. Historical results are not indicative of future returns. Long term returns will vary with market conditions. Please review risk warnings.

    Est. Property Acquisition Cost $ 59,900
  • Indicative yields calculated based on property price and current and estimated rents. Historical results are not indicative of future returns. Long term returns will vary with market conditions. Please review risk warnings.

    Est. Property rehabilitation cost $ 50,000

Explore this project

Property Detail

This 3 bedroom 2 bath home has a living room with a fireplace, dining room, and kitchen on main level. 2nd floor has 3 bedrooms and a bath. Attic has 2 rooms that could be finished for bedrooms. Lots of space in this property. Off street parking in rear.

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Why you should Invest?

IT can provide financial security. You know you can sell the home for more than you bought it if you hold it for a while. Real estate doesn’t depreciate, or usually, it doesn’t. Even though it’s a tangible asset, like a car, it appreciates rather than depreciates. Even if a home loses value, you can always count on it being worth something.

How much can you earn on this investment?

 

Estimate Total Investment

$ 109,900
 

Estimate Sale Price

$150,000

Estimate Sale Costs

$10,500.00 7%

Estimate Gross Profit

$29,600.00
Estimate Return on Investment (Total)

26.93%

Vairt's Share (ROI)

13.47%

Partners's Share (ROI)

Investment >= 25000: you will got 30% of profit share
Investment >= $50,000: you will got 40% of profit share
Investment >= $100,000 : you will got 50% of profit share

13.47%

investment Graph

Financials

Sale Breakdown
Total Vairt Vairt Partner
Estimate Purchase Price $ 59,900 $41,930 $ 59,900
Estimate Rehab cost $ 50,000 $35,000 $ 50,000
Estimate Total Investment $ 109,900 $76,930.00 $ 109,900
Estimate Sale Price $ 150,000 75,000 75,000
Estimate Hold time 2.0 Years
Estimate Sale Costs $ 10,500
Estimate Gross Profit $ 29,600 14,800.00 $20,720 14,800.00
Estimate Management Fee $ 1,210
Estimate Net Profit $ 28,390 14,195.00 $19,873.00 14,195.00
Rental Breakdown
Total Partner
Estimate Gross rent per year 15,000.00 $15,000
Estimate Service charges $ 20
Estimate Cost $ 3410
Estimate Property Management $ 1210
Estimate Property Insurance / Taxes $ 2200
Estimate Net rent $ 11,570.00 $11,570
Estimate Net dividend income $ 11,570.00 $5,785.00 $5,785.00
Estimate Net dividend yield 10.53 %* 5.27% 5.27
Only 2 decimal places shown. Calculation carried on actual numbers. Some rounding discrepancies may appear.

Property key info

Min investment amount
$25,000
Number of investors
(1)
Suggested holding period
2.0 Years
Estimate Sale Price
$150,000

Rental yields

Total Investment
$109,900
Estimate Property Acquisition Cost
$59,900
Estimate Property rehabilitation cost
$50,000
Frequency
Monthly

Confidential property Documents

Amenities View All

  • Dishwasher
  • Fireplace
  • Washer/dryer
  • Carpets
  • Public Park
  • Storage
  • Laundry Room
  • Electric
  • Freezer
  • Partially finished
  • Family room
  • Master bath
  • Attic
  • Ceiling fans
  • Double pane/storm windows
  • Skylights
  • City
  • Built-up
  • Off-street
  • On-street
  • Balcony/patio
  • Lawn
  • Porch
  • Brick
  • Cement / Concrete
  • Contemporary
  • Near transportation
  • Sports court

Location on Map

Brokerage & Construction partner

RealState Broker

  • Coldwell Banker
  • Keller Williams

Construction partner

  • Vairt Constructions

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