414 Water St UNIT 2301BaltimoreMD21202
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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 2301, Baltimore, MD, 21202 uses $71,273 cash to close to unlock $1,550/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $1,466/mo, and a $1,052/mo payment keeps the spread at $129/mo. Purchase price stands at $215,000, and rental yield measures 8.18% with $1,466/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 114.58% and total cumulative return in cash records $81,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,466/mo property income covering a $1,052/mo payment rather than investor’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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