2801 E Federal St, Baltimore, MD, 21213 | $622/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2801 E Federal St, Baltimore, MD, 21213 | $622/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 2801 E Federal St, Baltimore, MD, 21213 uses $81,218 cash to close to unlock $7,469/yr annual cash flow and $622/mo monthly cash flow. Total monthly income runs $2,146/mo, and a $1,199/mo payment keeps the spread at $622/mo. Purchase price stands at $245,000, and rental yield measures 10.51% with $2,146/mo rent. Return on cash invested shows 29.1% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 152.23% and total cumulative return in cash records $123,636. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,146/mo property income covering a $1,199/mo payment rather than investor’s personal income.

Multi Family

Built in 1950

1,786 sqft lot

$N/A/sqft

No HOA

More details about the property

2801 East Federal Interiors: This East Baltimore Duplex includes two apartments with upgraded, low-maintenance finishes suited for rental use. Kitchens are equipped with granite countertops, wood shaker-style cabinets, 30 gas ranges, and stainless-steel sinks. The two-bedroom unit offers a half-bath on the main level and a full bath with a fiberglass tub and enclosure. The one-bedroom unit includes a full bath with a cast iron tub and ceramic tile tub surround. Each apartment has private in-unit laundry, a bonus amenity for tenants. Utilities: 2801 East Federal is separately metered for gas and electric, with no pesky public service bill for the landlord to manage. Tenants pay their own BGE bills, while the landlord covers water and sewer. Unit 1 is heated by a gas-fired boiler with radiators, and Unit 2 uses electric baseboard heat. A central 40-gallon gas-fired water heater, installed in 2022, supplies domestic hot water to both apartments. Observable plumbing includes copper, PEX, and steel supply lines, with PVC and PEX drain lines. Whats Special about Berea, Baltimore: Located just east of the Belair Road corridor and north of the old Northern Central Railroad tracks, this East Baltimore Duplex sits in the residential Berea neighborhoodan area characterized by traditional brick rowhomes and long-established households. The property is a little over a mile from Clifton Park, where tenants can access passive green space, a lake, and walking paths for outdoor enjoyment. 2801 East Federal is Certified Lead-Free, offering added protection for tenants and easing compliance for landlords. With separate gas and electric meters, in-unit laundry, and no major capital expenses needed, this duplex offers an easy-to-manage addition to your rental portfolio. Investment Summary: $245,000 $122,500 Per Unit $179 Per Sq. Ft. 7.8 Times Actual Rents (GRM) 7.5 Times Market Rents (GRM) 9.77% Cap Rate 12.6% Projected Cash-on-Cash Return Both units are leased through the Housing Choice Voucher Program, with 82% of rent paid directly by the subsidy provideroffering reliable, guaranteed income.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21213, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,228 (100%)
Owner Occupied HU	5,690 (43.0%)
Renter Occupied HU	5,065 (38.3%)
Vacant Housing Units	2,473 (18.7%)
Median Home Value	$138,257
Average Home Value	$216,706