1240 N Ellwood AveBaltimoreMD21213
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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 1240 N Ellwood Ave, Baltimore, MD, 21213 uses $71,604 cash to close to unlock $1,294/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $1,451/mo, and a $1,057/mo payment keeps the spread at $108/mo. Purchase price stands at $216,000, and rental yield measures 8.06% with $1,451/mo rent. Return on cash invested shows 21.72% in year one, and 5% annual appreciation builds toward $59,677 over five years. Five-year ROI reaches 112.57% and total cumulative return in cash records $80,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,451/mo property income covering a $1,057/mo payment rather than investor’s personal income.
Townhouse
Built in 1928
1,120 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21213, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,228 (100%) |
| Owner Occupied HU | 5,690 (43.0%) |
| Renter Occupied HU | 5,065 (38.3%) |
| Vacant Housing Units | 2,473 (18.7%) |
| Median Home Value | $138,257 |
| Average Home Value | $216,706 |
Housing Distribution
Address Breakdown
Residential
11,326
Single Family
10,607
Multi-Family
719
Businesses
494
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