1609 E 28th StBaltimoreMD21218
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
Investment property for sale in Baltimore at 1609 E 28th St, Baltimore, MD, 21218 offers a 9.1% rental yield on a $149,990 purchase with $1,137/mo rent. Total monthly income registers $1,137/mo, and a $734/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,451/yr on $49,722 to close, and return on cash invested stands at 24.84% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,439 over five years. Portfolio math shows five-year ROI at 129.41% and total cumulative return in cash at $64,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,137/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1920
1,277 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21218, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,455 (100%) |
| Owner Occupied HU | 8,607 (38.3%) |
| Renter Occupied HU | 10,655 (47.5%) |
| Vacant Housing Units | 3,193 (14.2%) |
| Median Home Value | $257,917 |
| Average Home Value | $319,896 |
Housing Distribution
Address Breakdown
Residential
20,798
Single Family
14,041
Multi-Family
6,757
Businesses
1,365
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices