1040 Deer Ridge Dr Unit 213BaltimoreMD21210
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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
Investment Highlights
Investment property for sale in Baltimore at 1040 Deer Ridge Dr Unit 213, Baltimore, MD, 21210 offers a 8.59% rental yield on a $220,000 purchase with $1,575/mo rent. Total monthly income registers $1,575/mo, and a $1,077/mo payment leaves $207/mo available for distribution. Annual cash flow reaches $2,478/yr on $72,930 to close, and return on cash invested stands at 23.31% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 121.12% and total cumulative return in cash at $88,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,575/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21210, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,856 (100%) |
| Owner Occupied HU | 3,244 (55.4%) |
| Renter Occupied HU | 2,186 (37.3%) |
| Vacant Housing Units | 426 ( 7.3%) |
| Median Home Value | $539,834 |
| Average Home Value | $609,599 |
Housing Distribution
Address Breakdown
Residential
5,882
Single Family
2,768
Multi-Family
3,114
Businesses
346
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