255 S Conkling St, Baltimore, MD, 21224 | $976/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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255 S Conkling St, Baltimore, MD, 21224 | $976/mo Cash Flow | Ziffy

Pending

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 255 S Conkling St, Baltimore, MD, 21224 with 5% annual appreciation on a $229,900 basis while $2,406/mo rent supports operations. Total monthly income totals $2,406/mo and a $1,125/mo payment preserves $976/mo for cash returns. Annual cash flow comes to $11,717/yr on $76,212 deployed, and return on cash invested reaches 35.28% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 12.56%. Five-year ROI measures 185.36% and total cumulative return in cash totals $141,263.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,406/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 1920

1,800 sqft lot

$N/A/sqft

No HOA

More details about the property

Upscale living in Highlandtown! This townhome is the perfect blend of modern finishes with the charm of old Baltimore. You are immediately greeted by the marble steps at the front entrance & formstone exterior. Open the front door to tall ceilings adorned with crown moldings, chair rail trim with timeless elegance. The laminate plank flooring leads you through arched doorways to a formal dining room & galley kitchen at the rear. The kitchen is finished with granite counters, ceramic tile flooring, & tile backsplash. The stainless appliances sparkle under natural light. At the rear is a covered rear deck overlooking your lawn, a rare amenity in Highlandtown. Imagine a vegetable garden with elegant flowers while you relax peacefully in your urban oasis. Back inside, the stairwell to the upper level is filled with light from the skylight displaying more trim to the 2nd floor. The bathroom has ceramic tile floors, & tile tub surround. Cylindrical lighting fills the bath with refined light. Tall ceilings remain in both bedrooms with more laminate plank flooring. The basement is improved with recessed lighting, a tiled flush, & convenient walk out to the rear yard, making storage a breeze. In the rear of the basement is additional storage space with a stall shower. Have peace of mind with a new roof in 2024.

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