115B E Cromwell St, Baltimore, MD, 21230 | 4.22% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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115B E Cromwell St, Baltimore, MD, 21230 | 4.22% Rental Yield | Ziffy

Off market

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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 115B E Cromwell St, Baltimore, MD, 21230 offers $2,171/mo rent that, after a $3,022/mo payment. Total monthly income is $2,171/mo. Return on cash invested measures 10.2% in year one, and rental yield stands at 4.22% at a $617,500 entry. Equity gained on principal adds $3,985/yr while 5% annual appreciation compounds into $170,604 by year five. Five-year ROI records 50.79% and total cumulative return in cash reaches $103,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,171/mo property income versus a $3,022/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Locke Landing is a waterfront community of new 2-story condominiums for sale in Baltimore, MD. Nestled at the heart of the Baltimore Peninsula, homeowners can enjoy breathtaking views of 2.5 miles of restored waterfront beauty. Choose from two floorplans with up to 3 bedrooms, 2.5 baths and 2,600 sq. ft. Here, residents can enjoy on-site amenities including a clubhouse, pool, and open space ideal for gathering with new friends. Each home at Locke Landing is thoughtfully designed with one of our new interior design Looks: Loft, Farmhouse, Classic, or Elements. Curated by professionals, each Look ensure you a a stylish home from the start. Offered By: K. Hovnanian at Locke Landing, LLC The Montvale offers: Open dining area, kitchen & great room create inviting flow. Winstead Birch Quill cabinets warm up the kitchen. Covered balcony off great room extends living space. Dual walk-in closets in the spacious primary suite. Primary bath with dual freestanding vanities adds luxury. Private roof terrace offers a relaxing outdoor escape.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21230, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,297 (100%)
Owner Occupied HU	8,217 (40.5%)
Renter Occupied HU	9,114 (44.9%)
Vacant Housing Units	2,966 (14.6%)
Median Home Value	$366,297
Average Home Value	$389,487