1316 Cherry Garden RdBaltimoreMD21221
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 1316 Cherry Garden Rd, Baltimore, MD, 21221 in Baltimore is listed at $500,000 and delivers $4,118/mo in rent and $1,009/mo in net monthly cash flow. The 9.88% yield and 1.83 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $138,141 over five years, and $4,605/yr in principal reduction supplements cash return. Total projected cumulative return: $254,571.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 4.8% |
| Monthly Cash Flow | $1,009 | $850 |
City averages based on Baltimore market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,118 |
| Total Monthly Debt Service | $2,911 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1985
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21221, Essex, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,932 (100%) |
| Owner Occupied HU | 10,323 (54.5%) |
| Renter Occupied HU | 7,425 (39.2%) |
| Vacant Housing Units | 1,184 ( 6.3%) |
| Median Home Value | $342,296 |
| Average Home Value | $396,170 |
Housing Distribution
Address Breakdown
Residential
18,374
Single Family
13,680
Multi-Family
4,694
Businesses
868
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1985
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21221, Essex, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,932 (100%) |
| Owner Occupied HU | 10,323 (54.5%) |
| Renter Occupied HU | 7,425 (39.2%) |
| Vacant Housing Units | 1,184 ( 6.3%) |
| Median Home Value | $342,296 |
| Average Home Value | $396,170 |
Housing Distribution
Address Breakdown
Residential
18,374
Single Family
13,680
Multi-Family
4,694
Businesses
868
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices