2932 McElderry StBaltimoreMD21205
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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 2932 McElderry St, Baltimore, MD, 21205 offers a 9.18% rental yield on a $147,000 purchase with $1,125/mo rent. Total monthly income registers $1,125/mo, and a $719/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,535/yr on $48,731 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $949/yr while 5% annual appreciation supports $40,613 over five years. Portfolio math shows five-year ROI at 130.83% and total cumulative return in cash at $63,756. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,125/mo property income against a $719/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1915
946 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21205, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,830 (100%) |
| Owner Occupied HU | 2,181 (31.9%) |
| Renter Occupied HU | 3,520 (51.5%) |
| Vacant Housing Units | 1,129 (16.5%) |
| Median Home Value | $89,225 |
| Average Home Value | $161,205 |
Housing Distribution
Address Breakdown
Residential
5,841
Single Family
4,790
Multi-Family
1,051
Businesses
623
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