Please Wait...
Your transaction is in process, please do not click on browser's back button or reload the page.

 Great Vacant Land Deal in Suburban Washington DC

  • Land
    7 acre
    bedroom 0 Bedrooms
    bathroom 0 Baths
  • Flip/Rental
    $170,000
    Status : Available
    Year Built : 0
 Description
Here is an opportunity to possibly own a (rare) large plot of land in suburban Washington DC.  We have a 7.1 Acres (in total) build-able lot located in the emerging Upper Marlboro, MD area, just waiting for your new construction project.  As far as ARV is concerned, the 2 houses (approximately 5,000 Square Feet) that are closely located to this lot are each worth over $700,000. Deals like this, in this area don't happen quite often, but when they do, the built-in value is hard to pass up.

We have all of the land maps, county documents and perk tests available to the serious investor who is ready to take on such a solid project.
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Balcony
  • Bathroom
  • Bedroom
  • Electricity
  • Floor
  • Heater
  • Kitchen
  • Light Fixtures
  • Living Room
  • Master Bedroom
  • Paint Exterior
  • Paint Interior
  • Parking
  • Roof
  • Yard
 General Amenities
 Tags
Comparables (Comps.)

Comparable #1

12800 Van Brady Road, Upper Marlboro, MD, USA, 20772

Sold : $721,000

Image Gallery

 Summary

Overview
Great Vacant Land Deal in Suburban Washington DC Flip/Rental
$170,000
Property ID: MD20029959
Address: Login to View
City: Upper Marlboro
State/Province: MD
Zip Code: 20772
Country: USA


Rental Analysis

+ Purchase Price: $170,000
+ Purchase Closing Cost: $5,100
+ Rehab Cost: $0
Total Acquisition Cost: $175,100


Monthly Rent: $0
+ Annual Potential Rent: $0
- Vacancy (3%): $0
Annual Gross Income: $0
Annual Gross ROI: 0%


Flip Analysis

+ Purchase Price: $170,000
+ Purchase Closing Cost: $5,100
+ Rehab Cost: $400,000
Total Acquisition Cost: $575,100


+ Selling closing cost: $22,500
+ Agent Commision : $22,500
+ Insurance (6 Months) : $1,000
+ Utilities (6 Months): $1
+ Miscellaneous Expenses: $20
Total Holding Cost: $46,021


Total Flip Cost: $621,121
Projected ARV: $750,000
Net Income (Profit): $128,879
CAP Rate: 20.75%

 Message

7 X 7 = ?