Dorchester County, Cambridge, MD 21613
2 bd1 ba840 sfBuilt 1925
Gross spread$40,000
Description
CAMBRIDGE RENTAL OPPORTUNITY | $60K START | $70K BIN! $100K+ ARV | $1,700+/MONTH RENTAL POTENTIAL! CALL/TEXT LIZ @ [contact details hidden] FOR MORE INFO/QUESTIONS! Looking for an affordable rental investment with strong income potential? This 2-bedroom, 1-bath Colonial in Cambridge offers an attractive entry point for investors looking to expand their rental portfolio or complete a value-add BRRRR project! Built in 1925, the property features 840 SQFT above grade, a 1,753 SQFT lot, and recent improvements including NEW CARPET AND A NEW HEATER! Currently tenant occupied but TO BE DELIVERED VACANT AT CLOSING, giving the next owner the flexibility to complete renovations, reposition the property, and establish new rental income. With nearby sold comps reaching $114K and a rental comparable at $1,700/month, this one deserves a closer look! PROPERTY DETAILS Estimated ARV: $100,000+ Estimated Rental Potential: $1,700+/Month Bedrooms: 2 Bathrooms: 1 Property Style: Colonial Above-Grade Living Area: 840 SQFT Lot Size: 1,753 SQFT Year Built: 1925 Basement: None Recent Improvements: New Carpet & Heater Occupancy: Tenant Occupied, Delivered Vacant at Closing RECENT SOLD COMPARABLES 622 Washington St — SOLD $114,000 | 3/17/26 810 Washington St — SOLD $89,000 | 3/6/26 818 Washington St — SOLD $80,000 | 11/14/25 Estimated ARV: $100,000+ RENTAL INCOME POTENTIAL 430 High St, Cambridge — RENTED $1,700/Month | 12/19/25 Based on this rental comparable, the property has estimated rental potential of $1,700+/month, depending on renovations, finishes, and market conditions. At $1,700/month, that represents: $20,400 Potential Annual Gross Rental Income $1,700 Potential Monthly Gross Rental Income Approximately 29.1% Annual Gross Rent-to-Purchase-Price Ratio at $70K BIN These are gross income projections before renovation expenses, vacancies, taxes, insurance, maintenance, management, and other operating costs. WHY INVESTORS SHOULD TAKE A LOOK AFFORDABLE ENTRY POINT: Starting at just $60K with a $70K BIN. RECENT IMPROVEMENTS: New carpet and heater already installed. VACANT AT CLOSING: Opportunity to complete improvements and establish new tenancy. $100K+ ESTIMATED ARV: Nearby sold comps ranging from $80K to $114K. $1,700+/MONTH RENTAL POTENTIAL: Attractive projected rental income following appropriate renovations. MULTIPLE EXIT STRATEGIES: Buy and hold, BRRRR, or renovation and resale. STARTING AT $60,000 | BUY IT NOW $70,000!Whether you're looking to add an affordable rental to your portfolio or capitalize on a value-add opportunity, 729 Washington St is worth running your numbers! Currently tenant occupied. Property will be delivered vacant at closing. Please do not disturb tenants. All access must be coordinated in advance. CONTACT US FOR PHOTOS, SHOWING INFORMATION & CONTRACT DETAILS! [representative] | [representative] [contact details hidden]
$/sqft vs market
Median of 5 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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