Living in PG County, MD: Maryland: Largo: Treetop

Cash is King in PG County's Real Estate Market

I have several clients who are would be first time homebuyers but who are having a hard time finding a home that qualifies them for financing.

So many of the first time home buyers in PG County are in price ranges under $75,000 which for the most part means they are looking at condos.  However, so many of the condos no longer qualify for financing because of the delinquency rate.

Investors or first-time home buyers with cash are able to come in and scoop up some of the condos at these incredible prices. 

Sample Investment Scenario:

Purchase price for 1 bedroom condo:  $30,000

Potential Rental Price:  $1100/month

Monthly Costs (condo fees, taxes, property manager, etc):  $500

Potential monthly income:  $600

In this scenario, you would completely make back your purchase price in just over 4 years.  

 

There are many homes in PG County that are listed that will need to be cash only and have great income potential as rental properties. 

If you are interested in learning more about the condo opportunities available in PG County, MD give me a call.

 

 

 

If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.

 

Search Homes for Sale

 


Donations made to charity with every successful closing!


Dr. Stacey-Ann Baugh

Century 21 New Millennium

www.LiveinPGCounty.com

staceyannbaugh@gmail.com

240-481-3565 (C)

202-546-0055 (O)

 

FINALLY!  A DOCTOR WHO MAKES HOUSE-CALLS!

 

Information deemed reliable but not guaranteed! 

 

 

 

Comment balloon 0 commentsDr. Stacey-Ann Baugh • August 21 2011 03:48PM
Cash is King in PG County's Real Estate Market
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