38 N Monastery AveBaltimoreMD21229
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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
Rental property for sale in Baltimore at 38 N Monastery Ave, Baltimore, MD, 21229 priced at $124,500 converts $987/mo rent into $213/mo cash flow after a $609/mo obligation. Total monthly income equals $987/mo, and annual cash flow totals $2,556/yr on $41,272 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.51% against a $124,500 entry. Equity gained on principal adds $803/yr, while 5% annual appreciation compiles into $34,397 by year five. Five-year ROI reaches 136.23% and total cumulative return in cash sums $56,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $987/mo property income covering a $609/mo payment, not borrower’s personal income.
Townhouse
Built in 1941
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21229, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,053 (100%) |
| Owner Occupied HU | 9,761 (48.7%) |
| Renter Occupied HU | 8,137 (40.6%) |
| Vacant Housing Units | 2,155 (10.7%) |
| Median Home Value | $220,250 |
| Average Home Value | $247,792 |
Housing Distribution
Address Breakdown
Residential
18,511
Single Family
15,601
Multi-Family
2,910
Businesses
622
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