3 Summit Hill Ct #A, Baltimore, MD, 21228 | $685/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3 Summit Hill Ct #A, Baltimore, MD, 21228 | $685/mo Cash Flow | 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 3 Summit Hill Ct #A, Baltimore, MD, 21228 generates $2,190/mo in rent and, after a $1,184/mo payment, leaves $685/mo in cash flow. Total monthly income is $2,190/mo, and annual cash flow is $8,224/yr on $80,223 invested. Return on cash invested sits at 30.16% in year one, and rental yield is 10.86% on a $242,000 entry. Equity gained on principal adds $1,562/yr, while 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 157.89% and total cumulative return in cash sums $126,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,190/mo property income rather than buyer’s personal income.

Condo

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautiful second-floor condo, perfectly situated in a quiet court. Enjoy peace and privacy with a serene, wooded view right from your private balcony, the perfect spot to relax with your morning coffee. This well-maintained home offers spacious living and dining areas, abundant natural light, two bathrooms, and two comfortable bedrooms with generous closet space. The kitchen provides plenty of storage and counter space, ideal for cooking and entertaining. Located in one of Catonsville's most sought-after neighborhoods, this condo combines the tranquility of suburban living with unbeatable convenience - just minutes to shopping, dining, major commuter routes, and Patapsco Valley State Park. Enjoy easy, maintenance-free living in a friendly, well-kept community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21228, Catonsville, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,477 (100%)
Owner Occupied HU	13,999 (68.4%)
Renter Occupied HU	5,559 (27.1%)
Vacant Housing Units	919 ( 4.5%)
Median Home Value	$429,715
Average Home Value	$478,068