414 Water St UNIT 1901BaltimoreMD21202
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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 414 Water St UNIT 1901, Baltimore, MD, 21202 offers a 8.53% rental yield on a $210,000 purchase with $1,493/mo rent. Total monthly income registers $1,493/mo, and a $1,028/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,241/yr on $69,615 to close, and return on cash invested stands at 23.13% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 120.13% and total cumulative return in cash at $83,632. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,493/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21202, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,501 (100%) |
| Owner Occupied HU | 2,160 (14.9%) |
| Renter Occupied HU | 9,766 (67.3%) |
| Vacant Housing Units | 2,575 (17.8%) |
| Median Home Value | $333,514 |
| Average Home Value | $401,184 |
Housing Distribution
Address Breakdown
Residential
11,897
Single Family
3,818
Multi-Family
8,079
Businesses
1,992
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