2724 Spaulding AveBaltimoreMD21215
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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 2724 Spaulding Ave, Baltimore, MD, 21215 uses $59,637 cash to close to unlock $7,544/yr annual cash flow and $629/mo monthly cash flow. Total monthly income runs $1,748/mo, and a $881/mo payment keeps the spread at $629/mo. Purchase price stands at $179,900, and rental yield measures 11.66% with $1,748/mo rent. Return on cash invested shows 32.56% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 170.75% and total cumulative return in cash records $101,829. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,748/mo property income covering a $881/mo payment rather than investor’s personal income.
Townhouse
Built in 1955
1,440 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21215, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,693 (100%) |
| Owner Occupied HU | 10,748 (41.8%) |
| Renter Occupied HU | 11,355 (44.2%) |
| Vacant Housing Units | 3,590 (14.0%) |
| Median Home Value | $232,847 |
| Average Home Value | $277,818 |
Housing Distribution
Address Breakdown
Residential
23,351
Single Family
16,062
Multi-Family
7,289
Businesses
1,556
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