1616 Eastern 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
Rental property for sale in Baltimore at 1616 Eastern Ave, Baltimore, MD, 21231 priced at $596,100 pairs $2,730/mo rent with after a $2,918/mo payment. Total monthly income equals $2,730/mo. Return on cash invested is 14.08% in year one, and rental yield stands at 5.5% on a $596,100 basis. Equity gained on principal adds $3,847/yr, and 5% annual appreciation accumulates to $164,691 by year five. Five-year ROI measures 71.6% and total cumulative return in cash reaches $140,411. For financing, Ziffy Mortgage’s DSCR program evaluates $2,730/mo property income against a $2,918/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1890
4,356 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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