816 Newington AveBaltimoreMD21217
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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 816 Newington Ave, Baltimore, MD, 21217 priced at $499,000 pairs $2,062/mo rent with after a $2,442/mo payment. Total monthly income equals $2,062/mo. Return on cash invested is 12.36% in year one, and rental yield stands at 4.96% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 62.37% and total cumulative return in cash reaches $103,170. For financing, Ziffy Mortgage’s DSCR program evaluates $2,062/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1907
2,873 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21217, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,293 (100%) |
| Owner Occupied HU | 4,471 (24.4%) |
| Renter Occupied HU | 9,610 (52.5%) |
| Vacant Housing Units | 4,212 (23.0%) |
| Median Home Value | $283,175 |
| Average Home Value | $302,895 |
Housing Distribution
Address Breakdown
Residential
13,877
Single Family
8,987
Multi-Family
4,890
Businesses
677
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