608 Meyers DrBaltimoreMD21228
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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 608 Meyers Dr, Baltimore, MD, 21228 priced at $415,000 converts $3,371/mo rent into $790/mo cash flow after a $2,031/mo obligation. Total monthly income equals $3,371/mo, and annual cash flow totals $9,481/yr on $137,573 invested. Return on cash invested prints 26.8% in year one, and rental yield reads 9.75% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 139.86% and total cumulative return in cash sums $192,405. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,371/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1948
7,686 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21228, Catonsville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,477 (100%) |
| Owner Occupied HU | 13,999 (68.4%) |
| Renter Occupied HU | 5,559 (27.1%) |
| Vacant Housing Units | 919 ( 4.5%) |
| Median Home Value | $429,715 |
| Average Home Value | $478,068 |
Housing Distribution
Address Breakdown
Residential
19,769
Single Family
15,449
Multi-Family
4,320
Businesses
1,398
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