2602 Hallam Ct #2602BaltimoreMD21244
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2602 Hallam Ct #2602, Baltimore, MD, 21244 in Baltimore is narrow, $131/mo net on $1,544/mo rent after the $943/mo debt service, but the property operates at break-even-plus, not a loss. At $199,000 with a 9.31% yield, the long-run equity case via 5% appreciation ($54,980 over five years) and $1,668/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.64 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $91,516.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 4.8% |
| Monthly Cash Flow | $131 | $850 |
City averages based on Baltimore market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,544 |
| Total Monthly Debt Service | $1,207 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21244, Windsor Mill, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,226 (100%) |
| Owner Occupied HU | 6,962 (45.7%) |
| Renter Occupied HU | 7,569 (49.7%) |
| Vacant Housing Units | 695 ( 4.6%) |
| Median Home Value | $324,306 |
| Average Home Value | $353,679 |
Housing Distribution
Address Breakdown
Residential
14,925
Single Family
9,820
Multi-Family
5,105
Businesses
989
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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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