1268 Locke St, Mews Baltimore, MD, 21230 | 3.97% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1268 Locke St, Mews Baltimore, MD, 21230 | 3.97% 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 Mews Baltimore at 1268 Locke St, Mews Baltimore, MD, 21230 generates $2,171/mo in rent, after a $3,212/mo payment. Total monthly income is $2,171/mo. Return on cash invested sits at 9.44% in year one, and rental yield is 3.97% on a $656,227 entry. Equity gained on principal adds $4,235/yr, while 5% annual appreciation builds toward $181,303 over five years. Five-year ROI reaches 46.72% and total cumulative return in cash sums $100,873. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,171/mo property income rather than buyer’s personal income.

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: Timeless design meets modern comfort in this stunning home. Brellin White cabinetry & brushed nickel pendants elevate the kitchen. Spacious island serves as a prep space & casual dining area. Dining area & great room flow seamlessly to the covered balcony. Primary suite with dual walk-in closets for ample storage. Rooftop terrace offers a private 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