2840 Lake AveBaltimoreMD21213
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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 2840 Lake Ave, Baltimore, MD, 21213 offers a 9.56% rental yield on a $190,000 purchase with $1,514/mo rent. Total monthly income registers $1,514/mo, and a $930/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,987/yr on $62,985 to close, and return on cash invested stands at 26.24% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 136.89% and total cumulative return in cash at $86,220. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,514/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1926
871 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,326
Single Family
10,607
Multi-Family
719
Businesses
494
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