409 N Edgewood StBaltimoreMD21229
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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 409 N Edgewood St, Baltimore, MD, 21229 priced at $160,000 pairs $1,217/mo rent with $222/mo cash flow after a $783/mo payment. Total monthly income equals $1,217/mo, and annual cash flow comes to $2,664/yr on $53,040 invested. Return on cash invested is 24.93% in year one, and rental yield stands at 9.13% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 129.82% and total cumulative return in cash reaches $68,858. For financing, Ziffy Mortgage’s DSCR program evaluates $1,217/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1925
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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