11 W Melrose Ave, Baltimore, MD, 21210 | 6.34% Rental Yield

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11 W Melrose Ave, Baltimore, MD, 21210 | 6.34% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Baltimore at 11 W Melrose Ave, Baltimore, MD, 21210 offers $3,564/mo rent that, after a $3,304/mo payment. Total monthly income is $3,564/mo. Return on cash invested measures 16.63% in year one, and rental yield stands at 6.34% at a $675,000 entry. Equity gained on principal adds $4,356/yr while 5% annual appreciation compounds into $186,490 by year five. Five-year ROI records 85.28% and total cumulative return in cash reaches $189,387. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,564/mo property income versus a $3,304/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1951

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in the charming Chatham neighborhood, this delightful Cape Cod home exudes warmth and character. Built in 1951, it seamlessly blends classic architecture with modern comforts. Step inside to discover a spacious layout featuring three (or four!) inviting bedrooms and two and a half bathrooms. The heart of the home boasts a cozy fireplace with a mantel handcrafted by the owner, a lifelong master carpenter, ideal for creating lasting memories on chilly evenings. Directly off the living room you can relax on the enclosed porch, surrounded with windows and sliding glass doors on all sides welcoming in ample sunlight. The room is equipped with a heater so you may enjoy the space year round. The partially finished basement offers endless possibilities-transform it into a playroom, home office, or personal gym. Enjoy the convenience of a detached garage and driveway, providing ample off-street parking for guests. Outside, the white-washed brick exterior adds timeless appeal, while the surrounding neighborhood invites leisurely strolls and community engagement.

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