2404 W Lafayette AveBaltimoreMD21216
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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 2404 W Lafayette Ave, Baltimore, MD, 21216 generates $1,183/mo in rent and, after a $759/mo payment, leaves $219/mo in cash flow. Total monthly income is $1,183/mo, and annual cash flow is $2,624/yr on $51,383 invested. Return on cash invested sits at 25.01% in year one, and rental yield is 9.16% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 130.3% and total cumulative return in cash sums $66,952. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,183/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21216, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,004 (100%) |
| Owner Occupied HU | 5,486 (39.2%) |
| Renter Occupied HU | 5,494 (39.2%) |
| Vacant Housing Units | 3,024 (21.6%) |
| Median Home Value | $188,217 |
| Average Home Value | $272,901 |
Housing Distribution
Address Breakdown
Residential
11,245
Single Family
9,849
Multi-Family
1,396
Businesses
426
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