3800 Meghan Dr APT 1A, Baltimore, MD, 21236 | $161/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3800 Meghan Dr APT 1A, Baltimore, MD, 21236 | $161/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 3800 Meghan Dr APT 1A, Baltimore, MD, 21236 generates $1,964/mo in rent and, after a $1,419/mo payment, leaves $161/mo in cash flow. Total monthly income is $1,964/mo, and annual cash flow is $1,931/yr on $96,102 invested. Return on cash invested sits at 21.92% in year one, and rental yield is 8.13% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 113.66% and total cumulative return in cash sums $109,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,964/mo property income rather than buyer’s personal income.

Condo

Built in 1990

N/A lot

$N/A/sqft

No HOA

More details about the property

WELL MAINTAINED MAIN LEVEL 3 BEDROOM / 2 BATH CONDO. NO STEPS TO ENTER. GREAT LOCATION- PATIO LOOKS OVER PARK-LIKE SETTING. BRAND-NEW HVAC AND APPLIANCES. UPDATED KITCHEN AND MASTER BATH. POWER BLINDS IN 2 BEDROOMS AND UPDATED CARPET IN 2023. CONVENIENT LOCATION IN PERRY HALL- YET NESTLED IN A QUIET SETTING.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21236, Nottingham, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,587 (100%)
Owner Occupied HU	11,831 (67.3%)
Renter Occupied HU	4,960 (28.2%)
Vacant Housing Units	796 ( 4.5%)
Median Home Value	$345,118
Average Home Value	$376,114