644 S Charles St #R21BaltimoreMD21230
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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 644 S Charles St #R21, Baltimore, MD, 21230 uses $88,179 cash to close to unlock $11,251/yr annual cash flow and $938/mo monthly cash flow. Total monthly income runs $2,592/mo, and a $1,302/mo payment keeps the spread at $938/mo. Purchase price stands at $266,000, and rental yield measures 11.69% with $2,592/mo rent. Return on cash invested shows 32.67% in year one, and 5% annual appreciation builds toward $73,491 over five years. Five-year ROI reaches 171.33% and total cumulative return in cash records $151,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,592/mo property income covering a $1,302/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21230, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,297 (100%) |
| Owner Occupied HU | 8,217 (40.5%) |
| Renter Occupied HU | 9,114 (44.9%) |
| Vacant Housing Units | 2,966 (14.6%) |
| Median Home Value | $366,297 |
| Average Home Value | $389,487 |
Housing Distribution
Address Breakdown
Residential
18,842
Single Family
14,501
Multi-Family
4,341
Businesses
1,495
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