6711 Park Heights Ave UNIT 105BaltimoreMD21215
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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 6711 Park Heights Ave UNIT 105, Baltimore, MD, 21215 generates $880/mo in rent, after a $538/mo payment. Total monthly income is $880/mo. Return on cash invested sits at -0.31% in year one, and rental yield is 9.6% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 4.21% and total cumulative return in cash sums $1,536. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $880/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21215, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,693 (100%) |
| Owner Occupied HU | 10,748 (41.8%) |
| Renter Occupied HU | 11,355 (44.2%) |
| Vacant Housing Units | 3,590 (14.0%) |
| Median Home Value | $232,847 |
| Average Home Value | $277,818 |
Housing Distribution
Address Breakdown
Residential
23,351
Single Family
16,062
Multi-Family
7,289
Businesses
1,556
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Listed by: Jennifer Sowis • EXP Realty, LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDBA2154670
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