1609 St Paul St, Baltimore, MD, 21202 | 3.26% Rental Yield

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1609 St Paul St, Baltimore, MD, 21202 | 3.26% 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 Baltimore at 1609 St Paul St, Baltimore, MD, 21202 generates $1,766/mo in rent, after a $3,181/mo payment. Total monthly income is $1,766/mo. Return on cash invested sits at 7.29% in year one, and rental yield is 3.26% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 35.17% and total cumulative return in cash sums $75,206. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,766/mo property income rather than buyer’s personal income.

Multi Family

Built in 1900

1,952 sqft lot

$N/A/sqft

No HOA

More details about the property

Gem multifamily with 4 oversized units. There are 3 one-bedroom units and one basement studio. All are very large and some can possibly be converted to two-bedroom units . The property was renovated in 2016, and retains it's historic charm. New TPO roof about 2 years old. The building sits directly across Amtrak's Penn Train Station, making your ride in/out of state a breeze. The station is slated for renovation and the addition of an urban shopping experience. There is a parking pad in the back for 2 cars. The property is under CHAP tax through 2027. Value add opportunity by raising the rents to reflect market.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21202, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,501 (100%)
Owner Occupied HU	2,160 (14.9%)
Renter Occupied HU	9,766 (67.3%)
Vacant Housing Units	2,575 (17.8%)
Median Home Value	$333,514
Average Home Value	$401,184