1012 Elton AveBaltimoreMD21224
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1012 Elton Ave, Baltimore, MD, 21224 in Baltimore hard to pass up. The 11.87% gross yield on a $258,900 purchase results in $2,562/mo in rent and $952/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.20). Annual cash flow of $11,421, five-year appreciation of $71,529, and $2,384/yr in equity build-up combine for a projected total cumulative return of $159,464.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 4.8% |
| Monthly Cash Flow | $952 | $850 |
City averages based on Baltimore market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,562 |
| Total Monthly Debt Service | $1,507 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1943
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21224, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,761 (100%) |
| Owner Occupied HU | 11,693 (45.4%) |
| Renter Occupied HU | 11,336 (44.0%) |
| Vacant Housing Units | 2,732 (10.6%) |
| Median Home Value | $309,162 |
| Average Home Value | $337,987 |
Housing Distribution
Address Breakdown
Residential
24,417
Single Family
22,031
Multi-Family
2,386
Businesses
2,177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Multi Family
Built in 1943
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21224, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,761 (100%) |
| Owner Occupied HU | 11,693 (45.4%) |
| Renter Occupied HU | 11,336 (44.0%) |
| Vacant Housing Units | 2,732 (10.6%) |
| Median Home Value | $309,162 |
| Average Home Value | $337,987 |
Housing Distribution
Address Breakdown
Residential
24,417
Single Family
22,031
Multi-Family
2,386
Businesses
2,177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices