1507 E Fairmount AveBaltimoreMD21231
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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 1507 E Fairmount Ave, Baltimore, MD, 21231 uses $62,985 cash to close to unlock $3,015/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $1,433/mo, and a $930/mo payment keeps the spread at $251/mo. Purchase price stands at $190,000, and rental yield measures 9.05% with $1,433/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 128.6% and total cumulative return in cash records $81,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,433/mo property income covering a $930/mo payment rather than investor’s personal income.
Townhouse
Built in 1920
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21231, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,802 (100%) |
| Owner Occupied HU | 2,844 (26.3%) |
| Renter Occupied HU | 6,204 (57.4%) |
| Vacant Housing Units | 1,754 (16.2%) |
| Median Home Value | $376,073 |
| Average Home Value | $431,165 |
Housing Distribution
Address Breakdown
Residential
8,949
Single Family
5,768
Multi-Family
3,181
Businesses
806
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