829 N Chapelgate LnBaltimoreMD21229
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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 829 N Chapelgate Ln, Baltimore, MD, 21229 offers $1,534/mo rent that, after a $1,052/mo payment, leaves $197/mo cash flow. Total monthly income is $1,534/mo, and annual cash flow is $2,366/yr on $71,273 cash. Return on cash invested measures 23.23% in year one, and rental yield stands at 8.56% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 120.74% and total cumulative return in cash reaches $86,053. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,534/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.46 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,511
Single Family
15,601
Multi-Family
2,910
Businesses
622
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