414 Water St UNIT 2011BaltimoreMD21202
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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 414 Water St UNIT 2011, Baltimore, MD, 21202 generates $1,050/mo in rent and, after a $675/mo payment, leaves $192/mo in cash flow. Total monthly income is $1,050/mo, and annual cash flow is $2,306/yr on $45,747 invested. Return on cash invested sits at 24.95% in year one, and rental yield is 9.13% on a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 130.02% and total cumulative return in cash sums $59,478. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,050/mo property income rather than buyer’s personal income.
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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