723 S Charles St #LL4BaltimoreMD21230
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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 723 S Charles St #LL4, Baltimore, MD, 21230 priced at $163,600 converts $2,107/mo rent into $712/mo cash flow after a $801/mo obligation. Total monthly income equals $2,107/mo, and annual cash flow totals $8,544/yr on $54,233 invested. Return on cash invested prints 35.66% in year one, and rental yield reads 15.45% against a $163,600 entry. Equity gained on principal adds $1,056/yr, while 5% annual appreciation compiles into $45,200 by year five. Five-year ROI reaches 190.38% and total cumulative return in cash sums $103,252. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,107/mo property income covering a $801/mo payment, not borrower’s personal income.
Condo
Built in 1984
1,123 sqft lot
$N/A/sqft
$224 monthly 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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