3123 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 3123 McElderry St, Baltimore, MD, 21205 uses $76,212 cash to close to unlock $8,609/yr annual cash flow and $717/mo monthly cash flow. Total monthly income runs $2,147/mo, and a $1,125/mo payment keeps the spread at $717/mo. Purchase price stands at $229,900, and rental yield measures 11.21% with $2,147/mo rent. Return on cash invested shows 31.2% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 163.49% and total cumulative return in cash records $124,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,147/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Townhouse
Built in 1915
1,008 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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