247 S East AveBaltimoreMD21224
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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 247 S East Ave, Baltimore, MD, 21224 priced at $365,000 converts $2,570/mo rent into $300/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,570/mo, and annual cash flow totals $3,605/yr on $120,998 invested. Return on cash invested prints 22.89% in year one, and rental yield reads 8.45% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 118.87% and total cumulative return in cash sums $143,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,570/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Townhouse
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21224, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,761 (100%) |
| Owner Occupied HU | 11,693 (45.4%) |
| Renter Occupied HU | 11,336 (44.0%) |
| Vacant Housing Units | 2,732 (10.6%) |
| Median Home Value | $309,162 |
| Average Home Value | $337,987 |
Housing Distribution
Address Breakdown
Residential
24,417
Single Family
22,031
Multi-Family
2,386
Businesses
2,177
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