6708 Ridge Rd APT 204BaltimoreMD21237
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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 6708 Ridge Rd APT 204, Baltimore, MD, 21237 offers a 7.81% rental yield on a $290,000 purchase with $1,888/mo rent. Total monthly income registers $1,888/mo, and a $1,419/mo payment leaves $85/mo available for distribution. Annual cash flow reaches $1,017/yr on $96,135 to close, and return on cash invested stands at 20.97% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 108.55% and total cumulative return in cash at $104,356. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,888/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21237, Rosedale, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,469 (100%) |
| Owner Occupied HU | 7,212 (57.8%) |
| Renter Occupied HU | 4,603 (36.9%) |
| Vacant Housing Units | 654 ( 5.2%) |
| Median Home Value | $332,660 |
| Average Home Value | $400,522 |
Housing Distribution
Address Breakdown
Residential
12,854
Single Family
9,375
Multi-Family
3,479
Businesses
1,120
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