2604 Garrett AveBaltimoreMD21218
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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 2604 Garrett Ave, Baltimore, MD, 21218 generates $840/mo in rent and, after a $538/mo payment, leaves $156/mo in cash flow. Total monthly income is $840/mo, and annual cash flow is $1,875/yr on $36,465 invested. Return on cash invested sits at 25.05% in year one, and rental yield is 9.16% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 130.55% and total cumulative return in cash sums $47,604. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Townhouse
Built in 1940
1,275 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21218, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,455 (100%) |
| Owner Occupied HU | 8,607 (38.3%) |
| Renter Occupied HU | 10,655 (47.5%) |
| Vacant Housing Units | 3,193 (14.2%) |
| Median Home Value | $257,917 |
| Average Home Value | $319,896 |
Housing Distribution
Address Breakdown
Residential
20,798
Single Family
14,041
Multi-Family
6,757
Businesses
1,365
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