221 Ridgemede Rd UNIT 305, Baltimore, MD, 21210 | $763/mo Cash Flow

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221 Ridgemede Rd UNIT 305, Baltimore, MD, 21210 | $763/mo Cash Flow | Ziffy

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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 221 Ridgemede Rd UNIT 305, Baltimore, MD, 21210 earns $763/mo cash flow from $1,696/mo rent with a $734/mo payment. Total monthly income totals $1,696/mo, and annual cash flow totals $9,159/yr on $49,725 capital. ROI tracks 38.33% on current figures, and rental yield reads 13.57% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 201.71% and total cumulative return in cash sums $100,302. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,696/mo property income instead of your personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

OFFER DEADLINE FRIDAY, SEPTEMBER 19TH @3PM. Welcome to The Ridgemede Condominiums at 221 Ridgemede Rd, Unit #305, a rarely available one-bedroom in the heart of the Tuscany-Canterbury neighborhood. This home is one of the few with a coveted covered porch overlooking Linkwood Park and comes with an assigned garage parking space. This is a pet friendly building! Located on the entrance level of the building, this unit requires no stairs or elevatorideal for those who want easy access. Inside, youll find a welcoming foyer with a large coat closet, a spacious living and dining room with built-ins, a modern kitchen, a generous bedroom with two double closets, and a full bath with the classic black-and-white tile Baltimore is known for. The parquet floors have just been refinished, and the entire unit freshly painted, making it move-in ready. Life at The Ridgemede means being steps from Johns Hopkins Universitys Homewood Campus, perfect for professors, staff, or those who enjoy the campuss cultural events and libraries. Outdoor lovers will appreciate direct access to Linkwood Park and the Stony Run Trail for daily walks, biking, or dog outings. Youre also just minutes from the Baltimore Museum of Art, Wyman Park Dell, and the neighborhoods tree-lined streets. For dining and everyday conveniences, youll be within walking distance of The Ambassador Dining Room, Cypriana, One World Caf, Kanoom Caf, and Carmas Caf. Shopping is a breeze with the Rotunda, Charles Village shops, and the Waverly Farmers Market close by, plus Hampdens boutiques and award-winning restaurants just up the road. With Penn Station and I-83 nearby, commuting is simple whether youre headed downtown, to Washington, or beyond. This combination of historic charm, thoughtful updates, walkability, and garage parking makes Unit #305 a rare find. Whether youre a professor seeking a quiet retreat close to campus or someone looking for single-level living in one of Baltimores most beloved neighborhoods, this condo offers the perfect balance of comfort and convenience. Condo Fee is $575.72 for the condo and $49.17 for the parking space. Heat, Hot Water, Water & Sewer are included in the monthly fee.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21210, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,856 (100%)
Owner Occupied HU	3,244 (55.4%)
Renter Occupied HU	2,186 (37.3%)
Vacant Housing Units	426 ( 7.3%)
Median Home Value	$539,834
Average Home Value	$609,599