1604 Cape May RdBaltimoreMD21221
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
Investment Highlights
Rental property for sale in Baltimore at 1604 Cape May Rd, Baltimore, MD, 21221 generates $3,176/mo in rent and, after a $1,884/mo payment, leaves $782/mo in cash flow. Total monthly income is $3,176/mo, and annual cash flow is $9,382/yr on $127,628 invested. Return on cash invested sits at 27.26% in year one, and rental yield is 9.9% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 142.29% and total cumulative return in cash sums $181,606. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,176/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.39 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