2820 E Baltimore St, Baltimore, MD, 21224 | 4.32% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2820 E Baltimore St, Baltimore, MD, 21224 | 4.32% Rental Yield | Ziffy

For Sale

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

Rental property for sale in Baltimore at 2820 E Baltimore St, Baltimore, MD, 21224 generates $2,340/mo in rent, after a $3,181/mo payment. Total monthly income is $2,340/mo. Return on cash invested sits at 10.51% in year one, and rental yield is 4.32% on a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 52.43% and total cumulative return in cash sums $112,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.

Townhouse

Built in 1920

2,772 sqft lot

$N/A/sqft

No HOA

More details about the property

**Approximately 7 Years of CHAP Tax Credit Remaining!** This End-of-Group Brick Townhouse was fully renovated in 2022, creating a truly turn key experience for its new owner! Located in one of the most desirable parts of the Patterson Park Neighborhood, this home is perfectly situated so that you have a direct few of the beautiful green space of Patterson Park. With a 1-car parking pad, complete with an EV charger, this home offers unmatched convenience in a coveted location. Boasting 3 finished levels, plus a large unfinished lower level, this home has 4 bedrooms and 2.5 baths. The fully updated kitchen has 42" cabinets, large island, induction cooking, sleek stainless steel appliances, A half bath and convenient second side entry on the main floor add functional versatility and convenience. The second floor has two large sun-filled bedrooms, an updated full bath with dual vanity and shower/tub, and a convenient upper level laundry room. The third floor holds two more large bedrooms and an additional full bath. Don't forget the best feature of all...7 Years Remaining on the CHAP Tax Credit - take advantage of Massive Tax Savings over the next 7 years, an opportunity not to be missed! All of this and, location location location! Located across the street from Patterson Park, plus nearby shopping, dining, Canton nightlife, and so much more! Don't miss this gem! Updates Include: New Roof and Skylights, Installation of AC including Dual Zoned HVACs, Water Heater, Totally Remodeled Main Level including Kitchen and Half Bath, Renovated Bathrooms, New Electrical and Plumbing, Flooring throughout, and the installation of a Parking Pad - all done in 2022/2023.

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