2815 Parkwood AveBaltimoreMD21217
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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 2815 Parkwood Ave, Baltimore, MD, 21217 uses $69,615 cash to close to unlock $5,733/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $1,784/mo, and a $1,028/mo payment keeps the spread at $478/mo. Purchase price stands at $210,000, and rental yield measures 10.19% with $1,784/mo rent. Return on cash invested shows 28.14% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 147.04% and total cumulative return in cash records $102,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,784/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Townhouse
Built in 1920
1,368 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21217, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,293 (100%) |
| Owner Occupied HU | 4,471 (24.4%) |
| Renter Occupied HU | 9,610 (52.5%) |
| Vacant Housing Units | 4,212 (23.0%) |
| Median Home Value | $283,175 |
| Average Home Value | $302,895 |
Housing Distribution
Address Breakdown
Residential
13,877
Single Family
8,987
Multi-Family
4,890
Businesses
677
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