3 W 24th St, Baltimore, MD, 21218 | $508/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3 W 24th St, Baltimore, MD, 21218 | $508/mo Cash Flow | Ziffy

For Sale

Rental Income

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 W 24th St, Baltimore, MD, 21218 priced at $349,000 converts $2,678/mo rent into $508/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,678/mo, and annual cash flow totals $6,091/yr on $115,694 invested. Return on cash invested prints 25.17% in year one, and rental yield reads 9.21% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 131.13% and total cumulative return in cash sums $151,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,678/mo property income covering a $1,708/mo payment, not borrower’s personal income.

Single Family

Built in 1920

611 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover a fully furnished, income-producing townhouse just a 10-minute walk from Johns Hopkins University. This contemporary 4-bedroom, 2.5-bath home brings in $3,950/month through four individual, Hopkins-vetted student leasesan uncommon but highly effective rental strategy that has delivered eight years of reliable occupancy and steady cash flow. Designed for maximum rental appeal, the property features: -Modern Finishes: Gleaming hardwood floors, granite countertops, stainless steel appliances. -Flexible Layout: Four furnished bedrooms, two outdoor spaces, and access to rooftop. -Prime Location: Situated steps from local favorites like Fadensonnen, Clavel, and Dutch Courage, plus a grocery store on the block. With long-term (12 year) leases signed by responsible, vetted students, this property offers exceptional stability and year-round demand...rare for a rental this close to campus. A proven, turnkey investment in one of Baltimores most desirable neighborhoods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21218, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,455 (100%)
Owner Occupied HU	8,607 (38.3%)
Renter Occupied HU	10,655 (47.5%)
Vacant Housing Units	3,193 (14.2%)
Median Home Value	$257,917
Average Home Value	$319,896