207 E Melrose Ave, Baltimore, MD, 21212 | $304/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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207 E Melrose Ave, Baltimore, MD, 21212 | $304/mo Cash Flow | 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

Investment property for sale in Baltimore at 207 E Melrose Ave, Baltimore, MD, 21212 listed at $450,000 pairs $3,103/mo rent with a $2,203/mo payment to leave $304/mo cash flow. Total monthly income runs $3,103/mo, and annual cash flow reaches $3,645/yr on $149,175 cash to close. Return on cash invested measures 22.35% in year one, and rental yield registers 8.27% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 115.99% and total cumulative return in cash totals $173,022. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,103/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1929

6,046 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 4-bedroom, 2-bathroom single-family home located in the heart of the desirable Lake Evesham neighborhood. Thoughtfully renovated in March 2023, the main level features an open layout with a spacious kitchen and large island. The renovation also included new kitchen countertops, updated appliances, newly finished hardwood floors, and new flooring on the upper level. The lower level is beautifully finished and includes a large family room / 4th bedroom with egress, a walk-in closet, and a newly added full bathroom with a gorgeous stall shower and a large double bowl vanity. Youll also find a convenient side-by-side full sized washer and dryer. The home features dual-zoned HVAC, with two years of service records on the boiler and the HVAC system. The seller is enrolled in an annual maintenance plan with Amazing HVAC. Step outside to a private, fully fenced backyardalso completed in 2023featuring a rear deck and patio perfect for entertaining or unwinding. A 3-car parking driveway adds valuable off-street parking. Home is wired for an EV charging station. Just connect the charger and it's ready to go... Just minutes from Belvedere Square, The Senator Theatre, and an array of local shops and restaurants, this home blends modern updates, classic charm, and an unbeatable location. Don't wait! Schedule your private tour today!! ASK ABOUT HOW YOU CAN LOCK YOUR INTEREST RATE IN AT A FULL 1% BELOW THE CURRENT MARKET RATES!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21212, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,393 (100%)
Owner Occupied HU	8,572 (59.6%)
Renter Occupied HU	4,608 (32.0%)
Vacant Housing Units	1,213 ( 8.4%)
Median Home Value	$381,989
Average Home Value	$467,085