4000 N Charles St UNIT 502, Baltimore, MD, 21218 | 5.67% Rental Yield

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Price: $300K - 500K

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4000 N Charles St UNIT 502, Baltimore, MD, 21218 | 5.67% Rental Yield | 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

Investment property for sale in Baltimore at 4000 N Charles St UNIT 502, Baltimore, MD, 21218 listed at $625,000 pairs $2,954/mo rent with a $3,059/mo payment. Total monthly income runs $2,954/mo. Return on cash invested measures 14.61% in year one, and rental yield registers 5.67% at a $625,000 basis. Equity gained on principal adds $4,033/yr, and annual property appreciation at 5% supports $172,676 by year five. Five-year ROI tracks 74.45% and total cumulative return in cash totals $153,085. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,954/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

"Simplicity is the ultimate sophistication" -- Leonard da Vinci. Undoubtedly one of the finest examples of Mid-Century Modern architecture. This sleek property artistically combines two units, providing over 2,700 square feet.....with walls of windows facing east, west and north. Designed by world renowned architect Ludwig Mies van der Rohe, whose philosophy is characterized by minimalism and a feeling of open space....famously summarized by his maxim "less is more." Unit 502 offers two main living areas, one of which is currently being used as a studio, an expansive dining corridor, four bedrooms.....including primary and guest en suites, and countless closets and storage.....rare for properties of this era. Meticulously cared for and maintained, as though its doors were just being opened for the first time after its contruction in 1964. LIVE IN ART! Full-service building, with extra storage in the lower level. Condo fee includes heat, A/C, cooking gas, hot water. Close to Johns Hopkins University, Union Memorial Hospital & Penn Station. Pet-free building

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