2922 Illinois AveBaltimoreMD21227
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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
Rental property for sale in Baltimore at 2922 Illinois Ave, Baltimore, MD, 21227 generates $2,364/mo in rent and, after a $1,566/mo payment, leaves $374/mo in cash flow. Total monthly income is $2,364/mo, and annual cash flow is $4,490/yr on $106,047 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 8.87% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 125.62% and total cumulative return in cash sums $133,220. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,364/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21227, Halethorpe, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,782 (100%) |
| Owner Occupied HU | 8,244 (59.8%) |
| Renter Occupied HU | 4,715 (34.2%) |
| Vacant Housing Units | 823 ( 6.0%) |
| Median Home Value | $328,317 |
| Average Home Value | $368,618 |
Housing Distribution
Address Breakdown
Residential
13,155
Single Family
12,405
Multi-Family
750
Businesses
1,273
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