720 N Chapelgate Ln, Baltimore, MD, 21229 | $459/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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720 N Chapelgate Ln, Baltimore, MD, 21229 | $459/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Baltimore at 720 N Chapelgate Ln, Baltimore, MD, 21229 priced at $234,900 pairs $1,920/mo rent with $459/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $5,505/yr on $77,869 invested. Return on cash invested is 26.98% in year one, and rental yield stands at 9.81% on a $234,900 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,899 by year five. Five-year ROI measures 140.8% and total cumulative return in cash reaches $109,641. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.

Townhouse

Built in 1949

2,200 sqft lot

$N/A/sqft

No HOA

More details about the property

This beautifully maintained interior brick rowhome is located on a quiet, tree-lined street with other well-maintained homes and is completely move-in ready! It's also a commuter's dream: It's close to the city/county line (on the city side) and several major commuter routes (I-695, I-95, I-70, Rtes 295, 40 and 29) for easy access to Baltimore, Columbia, DC and all points in between. It's also minutes away from shopping in Catonsville and is close enough to benefit from the multi-million dollar Edmondson Village Shopping Center revitalization project. This home's interior has wall-to-wall carpet (owner's preference) however, the original hardwood floors were in beautiful condition prior to carpet installation. The kitchen has new stainless steel appliances (2025). The finished basement provides an additional living space, storage, a full bathroom (shower) and laundry area. On the second level, you will find three generously-sized bedrooms, all with good closet space and a full bathroom. There is a level, fenced backyard for your outdoor enjoyment. The entire home has been freshly painted. This is the one you've been waiting for!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21229, Baltimore, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,053 (100%)
Owner Occupied HU	9,761 (48.7%)
Renter Occupied HU	8,137 (40.6%)
Vacant Housing Units	2,155 (10.7%)
Median Home Value	$220,250
Average Home Value	$247,792