2702 Lighthouse Point E UNIT 631BaltimoreMD21224
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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
Investment property for sale in Baltimore at 2702 Lighthouse Point E UNIT 631, Baltimore, MD, 21224 listed at $275,000 pairs $1,875/mo rent with a $1,346/mo payment to leave $165/mo cash flow. Total monthly income runs $1,875/mo, and annual cash flow reaches $1,976/yr on $91,163 cash to close. Return on cash invested measures 22.08% in year one, and rental yield registers 8.18% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 114.53% and total cumulative return in cash totals $104,411. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,875/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
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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