3119 Eastern AveBaltimoreMD21224
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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 3119 Eastern Ave, Baltimore, MD, 21224 uses $64,941 cash to close to unlock $3,557/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $1,515/mo, and a $959/mo payment keeps the spread at $296/mo. Purchase price stands at $195,900, and rental yield measures 9.28% with $1,515/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $54,124 over five years. Five-year ROI reaches 132.29% and total cumulative return in cash records $85,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,515/mo property income covering a $959/mo payment rather than investor’s personal income.
Single Family
Built in 1900
900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21224, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,761 (100%) |
| Owner Occupied HU | 11,693 (45.4%) |
| Renter Occupied HU | 11,336 (44.0%) |
| Vacant Housing Units | 2,732 (10.6%) |
| Median Home Value | $309,162 |
| Average Home Value | $337,987 |
Housing Distribution
Address Breakdown
Residential
24,417
Single Family
22,031
Multi-Family
2,386
Businesses
2,177
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